Est. cap rate

4.3%

Assumed rent, all units

$9,000/mo

Units

4

Price per unit

$312,500

Est. annual NOI

$54,000

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,645 sqft

Lot size

13,283 sqft

Year built

1945

Stories

1

Garage spaces

0

Cooling

Central Air

Pool

None

Status

Active

Days on market

5

MLS #

247354355

About this property

Well maintained fourplex in Pasadena's 91103 area, featuring two 2 bedroom units and two 1 bedroom units, totaling approximately 2,645 sq ft on an oversized 13,268 sq ft lot. The 1945 building is fully leased to long term tenants and offers an established unit mix in a convenient Pasadena location. Improvements include an extensively renovated unit, updated interior and exterior lighting, new ceiling fans, new mailboxes, fresh paint throughout, and new metal security entry doors. The property features a composition roof installed in 2012 and dual glazed windows. Owner paid utilities include water and trash. Conveniently located near Lincoln Avenue and Fair Oaks Avenue, with access to Old Pasadena, the Rose Bowl, dining, shopping, transit, and the 210 and 134 freeways. The property is also near Pasadena City College, Caltech, and JPL. Sold as-is. Buyer to independently verify all information, including square footage, lot size, permits, zoning, and property features.

Location

237 Del Monte Street

Pasadena, Los Angeles, CA, 91103