We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.
Under contract
Listing Provided by:
Ryan Loria DRE #02006138 949-756-3232,
Triqor Group
$2,380,000
679 Earlham St, Pasadena, CA 91101
14beds
9baths
6,291sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$378/sqft
$-- HOA
What's special
Gated communityPalm tree lined roadQuartz countertopsStainless steel sinksUpgraded bathroomsCovered parking spacesElectric stoves
- 323 days
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