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    31 N Parkwood Avenue

    Pasadena, CA 91107
    • $3,000,000
    • STATUS: ACTIVE
    • ON SITE: 65 days
    • ID#: 302963023
    Price Reduced
    UPDATED: 202 min ago
    $3,000,000
    • 6
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    $3,300,000 for 8-unit (7 1bed+1bath & 1/3bed+2bath, Total sq./ft. 5,322) on 31 N. Parkwood Ave. ( APN: 5746-017-092, Lot Size 10,100) and $3,200,000 for 12-unit (12 Studios, Total sq./ft. 4,608) on 1837 E. Colorado Blvd. (APN: 5746-017-030, Lot Size 8,994) They can either be sold separately or together. Together they form an L shape lot and are to be sold together and concurrently. These turnkey properties are located within 2 blocks from Pasadena City College with great current cashflow. Both properties $3,300,000 for 8-unit (7 1bed+1bath & 1/3bed+2bath, Total sq./ft. 5,322) on 31 N. Parkwood Ave. ( APN: 5746-017-092, Lot Size 10,100) and $3,200,000 for 12-unit (12 Studios, Total sq./ft. 4,608) on 1837 E. Colorado Blvd. (APN: 5746-017-030, Lot Size 8,994) They can either be sold separately or together. Together they form an L shape lot and are to be sold together and concurrently. These turnkey properties are located within 2 blocks from Pasadena City College with great current cashflow. Both properties are fully rehabbed with all new kitchen and baths, vinyl windows, updated electrical, exterior/interior paint, landscaping, in unit stackable washer/dryer. This well rehabbed property is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 20 unit apartments is a great opportunity for any investor looking for a great steady current cashflow. Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/111780469
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    31 N Parkwood Avenue Pasadena, CA 91107

    • Price: $3,000,000
    • Status: ACTIVE
    • Updated: 202 min ago
    • ID#: 302963023
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    Neighborhood:
    Pasadena (91107)
    County:
    Los Angeles
    Area:
    Pasadena (91107)
    Property Description
    $3,300,000 for 8-unit (7 1bed+1bath & 1/3bed+2bath, Total sq./ft. 5,322) on 31 N. Parkwood Ave. ( APN: 5746-017-092, Lot Size 10,100) and $3,200,000 for 12-unit (12 Studios, Total sq./ft. 4,608) on 1837 E. Colorado Blvd. (APN: 5746-017-030, Lot Size 8,994) They can either be sold separately or together. Together they form an L shape lot and are to be sold together and concurrently. These turnkey properties are located within 2 blocks from Pasadena City College with great current cashflow. Both properties $3,300,000 for 8-unit (7 1bed+1bath & 1/3bed+2bath, Total sq./ft. 5,322) on 31 N. Parkwood Ave. ( APN: 5746-017-092, Lot Size 10,100) and $3,200,000 for 12-unit (12 Studios, Total sq./ft. 4,608) on 1837 E. Colorado Blvd. (APN: 5746-017-030, Lot Size 8,994) They can either be sold separately or together. Together they form an L shape lot and are to be sold together and concurrently. These turnkey properties are located within 2 blocks from Pasadena City College with great current cashflow. Both properties are fully rehabbed with all new kitchen and baths, vinyl windows, updated electrical, exterior/interior paint, landscaping, in unit stackable washer/dryer. This well rehabbed property is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 20 unit apartments is a great opportunity for any investor looking for a great steady current cashflow. Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions
    Exterior Features

    Parking Garage Desc Unit1 Assigned Pool N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 3.39 Annual Expense Actual 70675 Buildings 1 Gross Rent Multiplier Actual 17.54 Gross Scheduled Income Actual 188160 Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2715.0 Unit2 Rent Actual 1825.0 Unit3 Rent Actual 1825.0 Unit4 Rent Actual 1695.0 Zoning Assessor

    Listing provided courtesy of Coldwell Banker Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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