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    735 N Los Robles Avenue

    Pasadena, CA 91104
    • $3,180,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: P0-820001263
    $3,180,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Located on North Los Robles Avenue in Pasadena, California, this 10-unit apartment complex is a great investment opportunity for a new buyer looking for day one cash flow and the ability to redevelop an existing portion of the property.Currently, the property maintains (7) 1 bed / 1 bath, (2) - 2 bed / 1 bath, and (1) - 2 bed / 2 bath units offering +/-7,825 of building SF on a +/-25,347 SF lot. With current zoning of RM-32, a new buyer will have the ability to add up to nine units to the investment opportunity.With the asset's location directly across the street from Baja Ranch Market and easy access to Old Town Pasadena, Rose Bowl, The Paseo, Shops on Lake, and 210 Freeway, this asset is strategically located for huge future growth in potential rent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109537163
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    735 N Los Robles Avenue Pasadena, CA 91104

    • Price: $3,180,000
    • Status: Active
    • ID#: P0-820001263
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    1906
    Built
    Neighborhood:
    Not Applicable - 1007242
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Located on North Los Robles Avenue in Pasadena, California, this 10-unit apartment complex is a great investment opportunity for a new buyer looking for day one cash flow and the ability to redevelop an existing portion of the property.Currently, the property maintains (7) 1 bed / 1 bath, (2) - 2 bed / 1 bath, and (1) - 2 bed / 2 bath units offering +/-7,825 of building SF on a +/-25,347 SF lot. With current zoning of RM-32, a new buyer will have the ability to add up to nine units to the investment opportunity.With the asset's location directly across the street from Baja Ranch Market and easy access to Old Town Pasadena, Rose Bowl, The Paseo, Shops on Lake, and 210 Freeway, this asset is strategically located for huge future growth in potential rent.
    Exterior Features

    Garage Spaces 13.00 Lot Size Units Square Feet Parking Features AssignedCarport Parking Total 13.00 Parking YN Yes Property Attached YN Yes

    Interior Features

    Flooring Laminate Levels Two

    Property Features

    Cap Rate 4.39 Country Us Gross Multiplier 15.46 Insurance Expense 4232.00 Land Lease Amount 0.00 Land Lease YN No Maintenance Expense 8065.00 Net Operating Income 139702.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 2 Number Of Units Leased 10 Operating Expense 61922.83 Other Expense 5085.00 Special Listing Conditions Standard Subdivision Name Other Not Applicable - 1007242 Tax Annual Amount 33581.00 Tenant Pays ElectricityGas Trash Expense 2819.00 Year Built Source Assessor Zoning Rm-32

    Listing provided courtesy of Casey Picard of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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