Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

14

Building size

10,272 sqft

Lot size

15,288 sqft

Year built

1965

Stories

2

Garage spaces

0

Pool

None

View

Neighborhood

Status

Active

Days on market

14

MLS #

248013149

About this property

Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.

Location

1222 E Orange Grove

Pasadena, Los Angeles, CA, 91104