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1900 Huntington Drive

South Pasadena, CA 91030
  • $4,600,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 23310069
$4,600,000
  • 13
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,174
    SQFT
  • $501
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Elliot Hassan of Northmarq Realty Services, Inc. (949-717-5200)


Description

1900 Huntington Drive is a 10-Unit Value-Add opportunity located in South Pasadena. An investor has the ability to acquire a prime located asset with significant rental upside in the highly sought after 91030 Zip Code. The property is located in the heart of South Pasadena on a corner lot just off Huntington Drive, one of the areas largest thoroughfares. Situated in a suburban like setting surrounded with treelined streets, through a continuation of current ownerships strategic value-add enhancements investors can achieve ~18% rental upside on rental premiums. The property is located in one of Los Angeles counties best school districts South Pasadena Unified School district. This school district is repeatedly ranked amount the best in California and is frequently recognized as one of the nation's best.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143299646
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1900 Huntington Drive South Pasadena, CA 91030

  • Price: $4,600,000
  • Status: Active
  • On Site: 12 Days
  • ID#: 23310069
13
Beds
0
Baths
0
½ Baths
0.33
Acres
9,174
SQFT
$501
$/SQFT
1950
Built
Neighborhood:
658 - So. Pasadena
County:
Los Angeles
Area:
658 - So. Pasadena
Property Description
1900 Huntington Drive is a 10-Unit Value-Add opportunity located in South Pasadena. An investor has the ability to acquire a prime located asset with significant rental upside in the highly sought after 91030 Zip Code. The property is located in the heart of South Pasadena on a corner lot just off Huntington Drive, one of the areas largest thoroughfares. Situated in a suburban like setting surrounded with treelined streets, through a continuation of current ownerships strategic value-add enhancements investors can achieve ~18% rental upside on rental premiums. The property is located in one of Los Angeles counties best school districts South Pasadena Unified School district. This school district is repeatedly ranked amount the best in California and is frequently recognized as one of the nation's best.
Exterior Features

Attached Garage YN Yes Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.14 Gross Income 240416 Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 144557 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Spr310000*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Elliot Hassan of Northmarq Realty Services, Inc. (949-717-5200)