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$ 5,875,000
Est. payment /mo
New
276 S Sierra Madre Boulevard Pasadena, CA 91107
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25626927
HOA Y/N No
Year Built 1956
Lot Size 0.347 Acres
Acres 0.35
Property Sub-Type Other
Property Description
TURN-KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on-site gated parking, offering a low-maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass-thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1-bed + 1-bath units and 18 well-designed singles, totaling approximately 8,884 SF (per appraiser) of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride-of-ownership asset in a supply-constrained submarket.
Location
State CA
County Los Angeles
Zoning LCR4
Interior
Heating Heat Pump
Cooling Heat Pump, Other, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5330001007
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Listed by Alexander Metaxas • Realty Investment Advisors, Inc.