610 N Oakland AVE new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91101
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25146387
HOA Y/N No
Year Built 1958
Lot Size 0.292 Acres
Property Sub-Type Apartment
Property Description
Oakland Apartments is an 8-unit apartment building located in the desirable city of Pasadena, CA. This property offers an ideal unit mix of large 1- and 2-bedrom units with amenities that include laminate wood flooring, stainless steel appliances, quartz countertops, custom kitchen cabinetry, and upgraded bathrooms. The property features carport parking spaces, individual gas and electric meters, individual water heaters, new windows, a newly upgraded shared laundry facility which is owned, copper plumbing, and a new roof. The property offers an investor the opportunity to acquire a fully occupied asset in excellent condition with approximately 20% upside. Strong in place rents generate a current cap rate of 5.7%, 7.1% with market rents.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 9
Pool None
Community Features Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Lot Description Irregular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5731005060
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard