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 an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.
Number of Units : 8
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 1
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 1
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 3
Unit 3 : Total Bathrooms : 2
Site : Sidewalks
Zoning : Public Rec
Street Address: Address not disclosed
City: Pasadena
State: California
Postal Code: 91101
County: Los Angeles
MLS Number: PW24155824
Courtesy of Triqor Group
City: Pasadena
State: California
Postal Code: 91101
County: Los Angeles
MLS Number: PW24155824
Courtesy of Triqor Group
Courtesy of COMPASS
