679 Earlham st, Pasadena, CA 91101
Active
$2,380,000
4%
8 Units
6 Beds
4 Baths
6,291 Area(sq.ft.)
Lot: 9,778 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 1 | 1 | No | $ 1,991 | $ 5,973 | $ 2,295 |
| Unit 2 | 4 | 2 | 1 | No | $ 2,191 | $ 8,764 | $ 2,595 |
| Unit 3 | 1 | 3 | 2 | No | $ 2,524 | $ 2,524 | $ 3,195 |
| 8 | 14 | 9 | $ 17,261 | $ 55,499 | $ 20,460 |
| MLS #: | PW24155824MR |
| Days On Market: | 495 |
| Listing Date: | July 29, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 378 |
| Price per unit: | $ 297,500 |
| Year Built: | 1965 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 56,142 |
| Net Operating Income: | $ 147,087 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR1 |
| Land Lease Type: | Fee |
| Total Parking: | 11 |
Interior
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
Detailed Map
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Income
