$3,450,000
$3,500,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
10,789 Sqft Lot
SOLD DATE : 02/07/2022
Key Details
Sold Price $3,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21253352
Sold Date 02/07/22
HOA Y/N No
Year Built 1960
Lot Size 10,789 Sqft
Property Description
Pleased to present the opportunity to acquire the Mound Apartments, an excellent pride of ownership & value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of one and two-bedroom units on a 10,790 Sq. Ft lot. The community features ample covered parking (15 total spaces), laundry facility, and solar powered hot water. Mound Apartments also offers an investor the opportunity to build accessory dwelling units on the property. With 5 renovated units, the property has approximately 20% upside in rents leading to a 4.4% cap rate with market rents.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 7
Pool None
Community Features Foothills, Sidewalks, Urban
Total Parking Spaces 15
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Septic Tank
Water Public
New Construction No
Others
Senior Community No
Tax ID 5315001045
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Gary Tolfa • Triqor Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "