195 Wilson ave, Pasadena, CA 91106
Active
$14,500,000
38 Units
6 Beds
6 Baths
36,983 Area(sq.ft.)
Lot: 21,457 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 28 | 1 | 1 | No | $ 2,027 | $ 56,749 | $ 67,200 |
| Unit 2 | 6 | 2 | 2 | No | $ 2,507 | $ 15,039 | $ 18,000 |
| Unit 3 | 4 | 3 | 3 | No | $ 2,961 | $ 11,842 | $ 13,800 |
| 38 | 52 | 52 | $ 83,642 | $ 1,726,574 | $ 2,044,800 |
| MLS #: | WS25081522MR |
| Days On Market: | 236 |
| Listing Date: | April 14, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 392 |
| Price per unit: | $ 381,579 |
| Year Built: | 1961 |
Property Details
Wilson Apartments and Townhomes community presents a blend of thoughtfully designed residences, including four spacious 3-bedroom, 2.5-bathroom townhomes, six 2-bedroom, 2-bathroom units, and twenty-eight charming 1-bedroom, 1-bathroom units. With many of the units having stylish plank flooring, modern electric stoves, and the comfort of central heating and air conditioning. Nearly half of the AC units have already been upgraded for optimal efficiency. The building has undergone partial re-piping with copper. Additionally, the owner is currently replacing all electrical sub-panels inside the units. With rents still below market and the ability to modernize the units even further, Wilson Apartments and Townhomes offers investors value-add upside in arguably one of the best locations in the city. The property is in the Caltech neighborhood in Pasadena. This 38-Unit community is a premier asset which rarely comes to market in this absolute A+ location. Boasting an impressive 95 Walk Score a true walker s paradise, this coveted address places you just moments, from the charming Shoppes on South Lake, the esteemed Cal Tech Institute of Technology, and an array of Pasadena s most beloved attractions, offering an unparalleled lifestyle of convenience and sophistication. Residents enjoy remote accessed gated subterranean parking, featuring 38 assigned, gated spaces. Additional amenities include elevator access from the parking, pool and onsite laundry facility. Best in class location coupled with the amenities, attracts renters ranging from students to professors to local area workforce employees. Looking ahead for investors, there are no requirements for soft story retrofit and SB 721 report has been completed. Whether you seek an exceptional investment opportunity or a property that blends comfort, and prime accessibility, Wilson Apartments and Townhomes is a rare Pasadena community, any astute investor should have interest.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 994,533 |
| Total Annual Expense: | $ 403,219 |
| Net Operating Income: | $ 591,314 |
| Cap Rate: | 4.08% |
| Gross Rent Multiplier: | 14.14 |
| Actual Gross Rent: | $ 83,630 |
Structure
| Community Features: | Curbs |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | PSR4 |
| Land Lease Type: | Fee |
| Parking Garage: | Gated |
| Total Parking: | 38 |
Interior
| AC/Cooling: | Central |
| Heating: | Central |
| Laundry: | Community |
| Laundry Income: | 4032.00 |
Exterior
| Pool: | True |
| Spa: | No |
Detailed Map
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