Under contract
Active Under Contract
211 S El Molino Avenue
Pasadena CA, 91101
$4,200,000
$430.77 per sqft
Under contract
Active Under Contract
8 Beds
16 Baths
9,750 sqft
Residential
Built in 1929
Listed by Alexander Metaxas with Realty Investment Advisors, Inc. 626-313-4901
5.07% CAP & 13.73 GRM ON CURRENT RENTS!! FULL COPPER PLUMBING, REDONE ROOF, NEW CARPORT ROOF, UPDATED ELECTRICAL, MINI-SPLIT & CENTRAL AC SYSTEMS, UPDATED DRAIN LINES AND WINDOWS, WOOD FLOORS AND NO SOFT-STORY RETROFIT NEEDED! We are pleased to present an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent existing rental income. Madison Heights has a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of four, very large 1 Bed + 1.5 bath units and 8 Studio + 1 bath units, providing ease of renting with desirable unit types achieving top market rents. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances. There is on-site, carport parking and the property is separately metered for gas and electricity. There is no other Pasadena property with an equally good location with so many major upgrades done, meticulously maintained with over a 5% CAP RATE. Don't miss this rare opportunity. PLEASE DO NOT DISTURB THE TENANTS.
24415009
MLSⓇ ID
July 12, 2024
Listed
August 30, 2024
Updated
Map
211 S El Molino Avenue
Pasadena CA, 91101
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
16
Appliances
Dishwasher, Microwave, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Other Property Details
Area Name
648 - Pasadena (SE)
Days on Market
45
Garage
No
Parking
Detached Carport
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
PSR4
Listing History
Date | Event | Price |
|---|---|---|
8/28/2024 | Under contract | — |
Listing Contact:
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Data last updated on 8/30/2024 at 7:09 PM UTC