Est. cap rate

2.9%

Assumed rent, all units

$8,220/mo

Units

3

Price per unit

$565,000

Est. annual NOI

$49,320

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

Triplex

Bedrooms

3

Building size

2,420 sqft

Lot size

8,324 sqft

Year built

1924

Garage spaces

3

Cooling

Electric

Pool

None

View

None

Status

Active

Days on market

3

MLS #

248366673

About this property

Welcome to 636 N Wilson Ave, a beautifully updated three-unit property in one of the Pasadena's most desirable and convenient neighborhoods.The front unit is essentially brand new. This 2-bedroom, 2-bathroom residence completed a fully permitted remodel in 2024. With more than $300,000.00 invested.New electrical, new plumbing, new A/C units, new roof, new windows and doors and all new kitchen and bathrooms.New owner can skip the costly, disruptive projects that usually come with a 1924 building. The two back units have also been fully updated. Each unit has its own laundry area. A private side driveway (completely new finished in 2024) leads to the rear units and the garage on a generous 8,324 sq ft lot.The property sits on a quiet residential street, PCC and Caltech are all a short drive away, along with Old Pasadena, Playhouse Village and Rose Bowl area.Buyer and buyer's agent is advised to have independently verify the accuracy of all information and with professionals inspection. Buyer is also to verify the leasing regulations with the City of PasadenaAll 3 units are month to month lease.

Location

640 N Wilson Avenue

Pasadena, Los Angeles, CA, 91106