142 El Molino Avenue , Pasadena, CA - 91101 is For Sale

  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
  • 24413263
$2,525,000· Income property

Description

ASSUMABLE FINANCING @ 3.15% INTEREST!! REMODELED INTERIORS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, W/D INSIDE UNITS, TANKLESS WATER HEATERS, CENTRAL AC SYSTEMS, NEWER APPLIANCES, UPDATED WINDOWS, SOFT-STORY RETROFIT COMPLETE! We are pleased to present this fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of one, large 2 Bed + 2 bath unit; one 2 Bed + 1 bath unit; two 1 Bed + 1 bath units and 2 Studio + 1 bath units. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and newer Air Conditioners. Given their location and look these apartments have a very strong history of renting quickly and at top rents. There are six on-site, parking spaces with wall storage cabinets for tenants. The property is FULLY sprinklered for additional safety. Separately metered for electricity and gas and each unit has their own water heater. This can be purchase separately or together with the next door, 9 unit property at 664 Mira Monte Pl., MLS# 24-413665. A rare offering for one or two properties that have been well updated and meticulously managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.

Features

MLS#: 24413263
List Price : $2,525,000
Total Units : 6
CAP rate : $4.31
Gross Operating Income : $160,556
Net Operating Income : $108,741
Sq M : 641 M2
Year Built : 1963
Days on market : 60 Days
Gross taxes : N/A
Address : 142 El Molino Avenue
City : Pasadena
State : CA
Zip Code : 91101
Neighborhood : N/A
Appliances : Dishwasher, Refrigerator
Stories : 2
Laundry : Washer Included, Dryer Included
Parking Features : Covered
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $2,525,000
Acres : 0.1584
Lot Dimensions : 46x150
Lot Size (Acres) : 0.1584
Heating : Central
Parking Features : Covered
Security Safety : Fire Sprinkler System
Cooling : Central Air
Driving Directions : South on El Molino Ave, between Green St and Cordova St.
 
Courtesy of : Alexander Metaxas , Realty Investment Advisors, Inc.

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