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$ 3,300,000
Est. payment /mo
Active
530 N Catalina Avenue Pasadena, CA 91106
7,882 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,882 sqft
Price per Sqft $418
MLS Listing ID CRAR25202676
HOA Y/N No
Year Built 1954
Lot Size 0.429 Acres
Acres 0.43
Property Sub-Type Other
Property Description
12-unit Value-add near Old Town Pasadena (1 unit vacant), Very Well Maintained, First Time for Sale Since 1984, Significant Rental Upside, Easy to Manage and Rent, Upgraded Electrical Panels, Carport Parking, Simple Unit Mix. Proforma CAP Rate 7.14%. VILLA CATALINA - 530-540 N Catalina Ave, a 12-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. These 2 properties have been very well maintained by current family who have owned it since 1984. The properties are located on a quiet residential street on Catalina Ave crossing Villa St, and only minutes away from most of City of Pasadena amenities such as Old Town Pasadena, Lake Ave Shopping District, Rose Bowl area, CALTECH and PCC. It is surrounded by other small apartments and single-family houses and has excellent demographics of ±$120,347 average household income in a 1-mile radius. The properties consist of six-unit apartments each (530 and #540) making up the total of 12 units. They were built in 1953 and 1954, have a total building size of 7882 SF and sits on a large 18,683 SF total lot size (R3 zone – medium high-density). The property offers excellent curb appeal with well-manicured front lawn and center courtyard area. The front half of each property is a single-story layout (total 4 uni
Location
State CA
County Los Angeles
Zoning PSR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet, Wood
Fireplace No
Laundry Other
Exterior
View Y/N false
View None
Building
Lot Description Level, Other
New Construction No
Others
Tax ID 5732012045
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Listed by Handoko Chen • Growth Investment Group Pasade