211 El Molino Avenue, Pasadena
Pasadena Home For Sale
5% CAP RATE ON EXISTING RENTS AND REMODELED PROPERTY!! We are pleased to present for sale an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent in place rental income. Madison Heights is a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper plumbing, Updated windows, modern/upgraded AC systems to name a few. The unit mix consists of four, spacious 1 Bed + 1.5 bath units and 8 Studio + 1 bath units making this property an income dream with the ease renting units and at a very high rent per square foot rate. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances. There is on-site, carport parking and NO SOFT-STORY RETROFIT NEEDED. Separately metered for electricity and gas. A property in this location that has been UPDATED, meticulously self-managed by the ownership with a 5% CAP RATE and 13.76 GRM is a very rare offering. PLEASE DO NOT DISTURB THE TENANTS.
Property Details
Additional Information
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- City:
- Pasadena
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- County:
- Los Angeles
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- Zip:
- 91101
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- MLS® #:
- 24415009
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- Bedrooms:
- 1
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- Bathrooms:
- 2
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- Square Ft:
- 9,750
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- Lot Size:
- 0.28
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2024 at 2:10am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.