276 Sierra Madre Boulevard, Pasadena, CA 91107
  • MLS#: 25626927 ( )
  • Street Address: 276 Sierra Madre Boulevard
  • Viewed: 8
  • Price: $5,875,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91107
  • Provided by: Realty Investment Advisors, Inc.
  • Contact: Alexander Alexander
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    TURN KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on site gated parking, offering a low maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1 bed + 1 bath units and 18 well designed singles, totaling approximately 8,884 SF (per appraiser) of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride of ownership asset in a supply constrained submarket.
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Features
Appliances
  1. Dishwasher
  2. Microwave
  3. Refrigerator
Building Area Total
  1. 0.00
Cooling
  1. Wall/Window Unit(s)
  2. Heat Pump
  3. Electric
Country
  1. US
Heating
  1. Heat Pump
Interior Features
  1. Ceiling Fan(s)
  2. Chair Railings
  3. Crown Molding
  4. Recessed Lighting
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 322963.00
Parcel Number
  1. 5330001007
Parking Features
  1. Gated
  2. Assigned
  3. Street
Property Condition
  1. Updated/Remodeled
Security Features
  1. Gated Community
  2. Automatic Gate
Sourcesystemkey
  1. 25626927:CLAW
Totalexpenses
  1. 149621.00
Window Features
  1. Double Pane Windows
Year Built
  1. 1956
Year Built Source
  1. Assessor
Zoning
  1. LCR4YY