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1305 N Garfield Avenue

Pasadena, CA 91104
  • $12,995,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22179975
UPDATED: 33 min ago
$12,995,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Eric Smilay of Nourmand & Associates-Bh (310-274-4000)


Description

Located in a highly desirable Pasadena location is this remodeled 24-unit apartment building. This building is NOT under Los Angeles rent control and is fully occupied with an impressive rent roll generating high income. Attractive assumable financing at 3.3% available as well! Building has recently been remodeled with high quality finishes in all units, proven to be very desirable to potential tenants. Units are rarely available and any vacancy creates tremendous interest and leases quickly at increasing prices! All units are two bedrooms with modern open floor plans, quartz countertops, stainless steel appliances, wood-like flooring throughout, and include in-unit washer and dryers. The building has secured access with gated parking and 24 parking spaces. Soft story retrofit has already been completed. Just minutes to all the restaurants, shopping and attractions of Old Town Pasadena.An all around exceptional opportunity for a savvy investor in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T21:30:57.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/131010271
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1305 N Garfield Avenue Pasadena, CA 91104

  • Price: $12,995,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 33 min ago
  • ID#: 22179975
0
Beds
0
Baths
0
½ Baths
0.58
Acres
1964
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
Located in a highly desirable Pasadena location is this remodeled 24-unit apartment building. This building is NOT under Los Angeles rent control and is fully occupied with an impressive rent roll generating high income. Attractive assumable financing at 3.3% available as well! Building has recently been remodeled with high quality finishes in all units, proven to be very desirable to potential tenants. Units are rarely available and any vacancy creates tremendous interest and leases quickly at increasing prices! All units are two bedrooms with modern open floor plans, quartz countertops, stainless steel appliances, wood-like flooring throughout, and include in-unit washer and dryers. The building has secured access with gated parking and 24 parking spaces. Soft story retrofit has already been completed. Just minutes to all the restaurants, shopping and attractions of Old Town Pasadena.An all around exceptional opportunity for a savvy investor in a prime location!
Exterior Features

Architectural Style Mid-Century Modern Parking Features Controlled EntranceCommunity Structure Parking Total 24 View City LightsTrees/Woods View YN Yes

Interior Features

Appliances DishwasherDisposalDryerWasher Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Community Features Gated Gross Income 669610 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 463006 New Construction YN No Property Condition Updated/Remodeled Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Vacancy Allowance Rate 0 Zoning Psr3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T21:30:57.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Eric Smilay of Nourmand & Associates-Bh (310-274-4000)