437 N Chester Avenue

    Pasadena, CA 91106
    • $5,790,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: PW18230152
    UPDATED: 61 min ago
    $5,790,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,368
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world famous Rose Bowl Game. Pasadena is ideally located near the 210, 134, & 110 Freeways offering residents easy access to all parts of Los Angeles County.This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one bedroom/one bathroom units & (8) two bedroom/ two bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios & balconies and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity. *For sale by Original Owner/Developer, *Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans, *1989 Construction, *Ideal Location Near Old Pasadena, *Downtown, *Pasadena City College & Rose Bowl, *New Pitched Roof, *Tremendous Upside in Rents, *Not Subject to Rent Control

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. 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/87776163

    437 N Chester Avenue Pasadena, CA 91106

    • Price: $5,790,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: PW18230152
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    13,368
    SQFT
    $433
    $/SQFT
    1989
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world famous Rose Bowl Game. Pasadena is ideally located near the 210, 134, & 110 Freeways offering residents easy access to all parts of Los Angeles County.This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one bedroom/one bathroom units & (8) two bedroom/ two bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios & balconies and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity. *For sale by Original Owner/Developer, *Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans, *1989 Construction, *Ideal Location Near Old Pasadena, *Downtown, *Pasadena City College & Rose Bowl, *New Pitched Roof, *Tremendous Upside in Rents, *Not Subject to Rent Control
    Exterior Features

    Garage Spaces 26.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 26.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.20 Community Features CurbsGuttersSidewalksStorm Drains Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1650.00 Gross Income 2400.00 Gross Multiplier 19.28 Gross Operating Income 291291.00 Gross Scheduled Income 300300.00 Insurance Expense 5304.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Maintenance Expense 15015.00 Maintenance Percent 5.00 Net Operating Income 182882.00 New Construction YN No New Taxes Expense 67705.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 108409.00 Operating Expense Percent 36.10 Other Expense 13535.00 Other Expense Description Utility Pest Control Expense 600.00 Professional Management Expense 3600.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 108409.00 Trash Expense 0.00 Vacancy Allowance 9009 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Psr4

    Listing provided courtesy of Doug Rodermund of Morgan Skenderian.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. 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.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604