679 Earlham Street

Pasadena, CA 91101

PRICE REDUCED

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-$108,000 (-4.34%)

$2,380,000

List Price

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Property Description

We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with 22% upside, generating a 5.9% cap rate with current rents, 7.9% with market rents.

Listing Information

List Price $2,380,000
Status Active
MLS PW24155824
Type Residential Income
Subtype Apartment
Year Built 1965
Lot Size 9,778
Structure Size N/A
DOM 85
Courtesy Of Triqor Group
Listing Agent Ryan Loria DRE#02006138

Interior Features

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Maps

Listing information courtesy of: Ryan Loria, Triqor Group . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 23rd, 2024 at 1:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.