12
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$2,680,000
Est. payment /mo
6,904 SqFt
Active
610 N Oakland Avenue Pasadena, CA 91101
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,904 sqft
Price per Sqft $388
MLS Listing ID CRPW25146387
HOA Y/N No
Year Built 1958
Lot Size 0.292 Acres
Acres 0.29
Property Sub-Type Other
Property Description
Oakland Apartments is an 8-unit apartment building located in the desirable city of Pasadena, CA. This property offers an ideal unit mix of large 1- and 2-bedrom units with amenities that include laminate wood flooring, stainless steel appliances, quartz countertops, custom kitchen cabinetry, and upgraded bathrooms. The property features carport parking spaces, individual gas and electric meters, individual water heaters, new windows, a newly upgraded shared laundry facility which is owned, copper plumbing, and a new roof. The property offers an investor the opportunity to acquire a fully occupied asset in excellent condition with approximately 20% upside. Strong in place rents generate a current cap rate of 5.7%, 7.1% with market rents.
Location
State CA
County Los Angeles
Zoning PSR1
Interior
Fireplace No
Laundry Other
Building
Lot Description Irregular Lot
New Construction No
Others
Tax ID 5731005060
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Listed by Ryan Loria • Triqor Group
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289