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531 Prescott Street

Pasadena, CA 91104
  • $4,400,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: WS23153124
$4,400,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
646 - Pasadena (NE)
Type:
Multi-Family
Built:
1914
County:
Los Angeles
Area:
646 - Pasadena (NE)

School Ratings & Info

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Listing Agent(s): Kevin Hurley of Keller Williams Realty/Pasadena (626-204-3300) and Kevin Lutz of ()


Description

Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. There are 19 studio units plus a 2 bed/2 bath + office. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.

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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/142524694
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531 Prescott Street Pasadena, CA 91104

  • Price: $4,400,000
  • Status: Active
  • On Site: 38 Days
  • ID#: WS23153124
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1914
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. There are 19 studio units plus a 2 bed/2 bath + office. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.
Exterior Features

Construction Materials AlcanCement Siding Entry Level 0 Entry Location Front Door Lot Features Street Level Number Of Separate Electric Meters 1 Open Parking Spaces 12 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cable Tv Expense 2244 Cap Rate 5.16 Common Interest Community Apartment Community Features Gutter(S) Electric Expense 10800 Fuel Expense 3000 Garage YN No Gross Income 715 Gross Scheduled Income 349800 Insurance Expense 5100 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 20988 Net Operating Income 226924 New Construction YN No New Taxes Expense 47949 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 20 Operating Expense 112382 Other Expense 1841 Pest Control Expense 660 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Total Actual Rent 28435 Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 10800 Water Source Public Zoning Psc6



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): Kevin Hurley of Keller Williams Realty/Pasadena (626-204-3300) and Kevin Lutz of ()