Priced at a loss for fast close (seller retiring)! Rare 6. 95% cap 20 unit upgraded portfolio in prime central pasadena steps from pcc & caltech, fully upgraded, in unit laundry, zero relocation hassles, built in tenant demand. 31 n parkwood and 1837 e colorado blvd, a premier 20 unit apartment portfolio located in the heart of pasadena, ca. Situated just steps from pasadena city college (pcc) and blocks from the california institute of technology (caltech), this portfolio represents a rare convergence of turnkey condition and high yield returns (6. 95% cap rate) in a high barrier to entry market. The seller is highly motivated and retiring, offering this asset at a price significantly below their acquisition cost. This is a unique chance for an investor to step into a stabilized, high cash flow asset immediately, bypassing the capital exposure and time delays of renovation. Combine that with fully upgraded units featuring in unit laundry, market rents already in place, and zero relocation expense, and you get strong day 1 cash flow plus long term appreciation in a supply constrained, high demand submarket. Both properties have been completely upgraded, and each unit has been beautifully upgraded complete with in unit laundry machines (seller own). Since this investment consists of 2 properties, new owner does not require an on site manager. Due to its super strategic location, this investment has a built in pool of renters (caltech students/workers, and pcc international students), making it an easy property to rent with minimum repairs needed. 31 n parkwood is an 8 unit garden style 2 story apartment that was built in 1958. It has 5,322 sf living space, and situated on a 10,100 sf r3 zone lot. It has a good unit mix of 1 x 3bed+2bath, and 7 x 1bed+1bath units. All the units have been fully upgraded (brand new flooring, new kitchen with dishwasher, new bathroom, stainless steel appliances, and in unit laundry machines). 1837 e colorado is a 12 unit highly desirable single story apartment with lush drought tolerant landscaping in the front that was built in 1923. It has 4,608 sf living space, and situated on a 8,994 sf mu c (commercial) zone lot. It has a perfect unit mix all 1bed+1bath non conforming units perfect for young professionals or pcc international students or caltech students and/or workers/researchers. All the units have been fully upgraded.