435 S Hudson Avenue

    Pasadena, CA 91101
    • $4,250,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 18401842
    UPDATED: 54 min ago
    $4,250,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,487
      SQFT
    • $568
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to present this 9 unit apartment building located at 435 S Hudson Ave in Prime Pasadena, California. Built in 1964, the offering consists of 5 one-bedroom/one-bathroom and 4 two-bedroom/one bathroom units. The property is situated on a 11,707-square foot lot with 7,487-square feet of gross rentable area. New roof, only two years old with 15-year warranty. Well situated in one of the most sought after pockets of Pasadena, The Property is walking distance to The Shops On Lake Avenue, all business corridors, CalTech and all dining & entertainment. This investment offering provides a savvy investor the opportunity to own a truly one of a kind property in a strong and centrally located rental pocket of Pasadena.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88987828

    435 S Hudson Avenue Pasadena, CA 91101

    • Price: $4,250,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 18401842
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    7,487
    SQFT
    $568
    $/SQFT
    1964
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    Property Description
    We are pleased to present this 9 unit apartment building located at 435 S Hudson Ave in Prime Pasadena, California. Built in 1964, the offering consists of 5 one-bedroom/one-bathroom and 4 two-bedroom/one bathroom units. The property is situated on a 11,707-square foot lot with 7,487-square feet of gross rentable area. New roof, only two years old with 15-year warranty. Well situated in one of the most sought after pockets of Pasadena, The Property is walking distance to The Shops On Lake Avenue, all business corridors, CalTech and all dining & entertainment. This investment offering provides a savvy investor the opportunity to own a truly one of a kind property in a strong and centrally located rental pocket of Pasadena.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 3.18 Gross Multiplier 20.45 Gross Operating Income 207780.00 Improvements Amount 839243 Land Value 357447 Laundry YN Yes Net Operating Income 135154.00 Special Listing Conditions Standard Total Expenses 68992.00 Zoning Psr4

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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. Licensed in the State of California, USA.
     
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    Irvine CA, 92604