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POWERED BY PURLIN.AI

276 S Sierra Madre Blvd

pasadena, CA 91107

$5,585,000

  • 4 BR
    approx. 8,884 SF

Interested? Let's Connect

**BROKERS LOOK AT AGENT REMARKS**. 6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.

Details

8,884 Sq Ft

0.3475 Private Acres Lot Size

investment

Built in 1956

MLS/Listing ID 26642065

2 Stories

22 Units

Amenities & Features

Parking - On Street

Heating - Electric

Parking - Driveway Gate

Parking - Side-by-side

Parking - Assigned

Cooling - Wall Units

Heating - Heat Pump

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 276 S Sierra Madre Blvd?