$5,800,000
60 El Nido AVE Pasadena, CA 91107
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$5,800,000
Est. payment /mo
0.47 Acres Lot
Active
60 El Nido AVE Pasadena, CA 91107
UPDATED:
10/17/2024 07:47 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR24082052
Style Bungalow
Originating Board California Regional MLS
Year Built 1946
Lot Size 0.472 Acres
Property Description
A HIGH CAP Rate and almost turnkey 12-unit + 3 ADUs garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With CAP Rate Close to 5% in a Class-A Location, Single-story duplexes layout, and Arcadia adjacent location, this offering provides an extremely rare opportunity for investors to acquire a beautifully upgraded apartment in an excellent location in Pasadena. Six out of 12 units (50%) have been completely upgraded and provides new owners with immediate market rent without having to deal with tenant relocation and units upgrade process. The property is a beautiful asset with attractive four single-story duplexes and one two-story fourplex in the back. It is located in a mature and quiet residential neighborhood with superb access to many City of Pasadena and City of Arcadia have to offer. It is near Target shopping center, Hastings Ranch neighborhood in Pasadena and located close to City of Arcadia border with Santa Anita Mall just minutes away. The property was built in 1946 and underwent massive renovation in 2023-2024. It is situated on an oversized ±20,570 SF lot size with medium density zoning RM-32 (32 units/Acre). It has excellent curb appeal with front drought tolerant landscaping, new wrought-iron gate and fencing, and many
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Gas Hookup, Laundry Area, 30, Washer, Washer/Dryer - Owned, Community Facility, Dryer
Exterior
Garage Assigned Spaces, Carport
Garage Spaces 12.0
Pool 31, None
View Hills, 30
Roof Type Shingle
Building
Story One Story
Water District - Public
Architectural Style Bungalow
Others
Tax ID 5754006018
Special Listing Condition Not Applicable
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Listed by Han Chen • Growth Investment Group Pasade
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