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276 Sierra Madre Boulevard, Pasadena, CA 91107
Priced at Only: $5,585,000
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Address: 276 Sierra Madre Boulevard, Pasadena, CA 91107
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  • MLS#: 26642065 ( )
  • Street Address: 276 Sierra Madre Boulevard
  • Viewed: 2
  • Price: $5,585,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91107
  • Provided by: Realty Investment Advisors, Inc.
  • Contact: Alexander Alexander
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present this 22 unit multi family property that has undergone extensive updating and renovation. A true turn key investment that is nearly a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1 bed + 1 bath units and 18 Singles/1 bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.
Features
Appliances
  1. Dishwasher
  2. Microwave
  3. Refrigerator
Building Area Total
  1. 8820.00
Country
  1. US
Heating
  1. Heat Pump
  2. Electric
Interior Features
  1. Ceiling Fan(s)
Levels
  1. Two
Netoperatingincome
  1. 329917.00
Parcel Number
  1. 5330001007
Parking Features
  1. Street
  2. Side by Side
  3. Assigned
  4. Concrete
Sourcesystemkey
  1. 26642065:CLAW
Totalexpenses
  1. 143773.00
Year Built
  1. 1956
Zoning
  1. LCR4YY
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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