777 N Los Robles Avenue

    Pasadena, CA 91104
    • $2,275,000
    • STATUS: Active
    • ON SITE: 165 days
    • ID#: CV18128473
    UPDATED: 31 min ago
    $2,275,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,138
      SQFT
    • $371
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    The Los Robles Avenue Apartments is a stable income producing 10-unit multifamily investment property constructed in 1910 on 14,060 square feet lot, with total building size of 6,138 square feet. The well maintained and landscaped, two-story property is 5 minutes away from Old Town Pasadena, featuring excellent unit mix of studio, one-bedroom/one-bathroom, and two-bedroom/one-bathroom units. The property is surrounded by lush landscaping with new sprinkler system, security gate, and private parking. All units offer wall air conditioning while select units offer granite counter tops, hardwood flooring and upgraded windows.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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/84131619

    777 N Los Robles Avenue Pasadena, CA 91104

    • Price: $2,275,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: CV18128473
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    6,138
    SQFT
    $371
    $/SQFT
    1910
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    The Los Robles Avenue Apartments is a stable income producing 10-unit multifamily investment property constructed in 1910 on 14,060 square feet lot, with total building size of 6,138 square feet. The well maintained and landscaped, two-story property is 5 minutes away from Old Town Pasadena, featuring excellent unit mix of studio, one-bedroom/one-bathroom, and two-bedroom/one-bathroom units. The property is surrounded by lush landscaping with new sprinkler system, security gate, and private parking. All units offer wall air conditioning while select units offer granite counter tops, hardwood flooring and upgraded windows.
    Exterior Features

    Garage Spaces 2.00 Lot Features LandscapedLot 10000-19999 SqftSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    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 2+ Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Electric Heating YN Yes Interior Features Granite Counters Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.06 Community Features CurbsSidewalks Country Us Electric Expense 14602.00 Elevation Units Feet Fuel Expense 2720.00 Gardener Expense 3000.00 Gross Income 169200.00 Gross Multiplier 13.45 Gross Operating Income 164124.00 Gross Scheduled Income 169200.00 Insurance Expense 3710.00 Land Lease YN No Laundry YN No Licenses Expense 497.00 Maintenance Expense 5600.00 Maintenance Percent 3.41 Net Operating Income 92432.00 New Construction YN No New Taxes Expense 25415.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 71692.00 Operating Expense Percent 43.68 Professional Management Expense 8400.00 Rent Control YN No Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 29980.00 Tax Rate 1.17 Total Actual Rent 14100.00 Total Expenses 71692.00 Trash Expense 2874.00 Vacancy Allowance 5076 Vacancy Allowance Rate 3.00 Water Sewer Expense 2874.00 Water Source Public Year Built Source Assessor Zoning Psr1

    Listing provided courtesy of Eric Chen of Cb Richard Ellis.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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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