Pasadena 12 Units Apartment For Sale $1,699,000

• No. Units: 12
• Building Size: 8,502 SF
• Price/Unit: $141,583.33
• Property Type: Multifamily
• Property Sub-type: Garden/Low-Rise
• Property Use Type: Investment
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• Cap Rate: 6.10%
• Market Cap: 7.8%
• Current Cash Return: 4.7%
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• Gross Rent Multiplier: 12.20
• Occupancy: 100%
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• No. Stories: 2
• Year Built: 1913
• Lot Size: 19,351 SF

Highlights

• Character Building One Of A Kind Property
• Great Curb Appeal Balconies and Patios
• 16 Parking Spaces + 6 Garages

• New Copper Plumbing Updated Electrical Panels
• Hardwood Floors & Original Details
• Over 19,000 sqft Corner Lot

Electric: 13 meters
Gas: 12 meters
Water: 1 main
Water Heater: 13 individuals

Estimated Annual Espensed: $33,988
Total Current Rent: $138,720


The property offers 16 parking spaces, 6 garages, 12 individual storage rooms, landlord owned laundry, separate gas & electric meters and water heaters, new copper plumbing, updated electrical panels, lush landscaping, hardwood floors, balconies and patios. Full of character, original details and old world charm. No Rent Control. Zoning is RM16.