679 Earlham Street, Pasadena, CA 91101

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,380,000

Est. payment - /mo

6 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID PW24155824

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Driving East on Orange Grove Blvd., Turn right onto El Molino Ave., then left onto Earlham St., Property is your left.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5731014006

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Listed by Ryan Loria Triqor Group

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679 Earlham Street Pasadena, CA 91101