$2,800,000
$100K PRICE DROP

Estimated payment $18,027/month

Total Views 1,859
12 Beds
8 Baths
6,676 Sq Ft
$419 Price per Sq Ft

Highlights

  • End Unit
  • Cooling Available
  • Fenced
  • STEM Academy at Bernstein High Rated A-
  • Laundry Room
  • Heating Available

About This Home

This 8-unit property offers a prime opportunity to invest in a rapidly growing neighborhood. With 5 recently renovated units, an assumable loan, and potential for further expansion--including ADU (Accessory Dwelling Unit) development--this multifamily asset is a strong addition to any real estate portfolio.

Listing Agent

Nabil Suleiman

Atlas Elm Realty License #02004196 Listed on: 01/26/2025

Co-Listing Agent

Mike Enriquez

Atlas Elm Realty License #02041748

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,660 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Two or More Common Walls
  • Fenced
  • No Sprinklers

Home Design

  • Apartment

Interior Spaces

  • 6,676 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,673
  • Trash Expense $2,000
  • Operating Expense $61,074
  • Gross Income $216,788
  • Net Operating Income $155,714

Listing and Financial Details

  • Tax Tract Number 191
  • Assessor Parcel Number 5537024020
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.60
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5537024020
  • Year Built: 1956
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 419.41

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 9660.00
  • Lot Size Acres: 0.2218

Multi Family

  • Average1 Bed Area: 760
  • Average2 Bed Area: 900
  • Gross Income: 216788.00
  • Gross Scheduled Income: 216788.00
  • Insurance Expense: 4673.00
  • Lot Size Area: 9660.0000 Square Feet
  • Net Operating Income: 155714.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Operating Expense: 61074.00
  • Rent Control: Yes
  • Total Expenses: 61074.00

Tax Info

  • Tax Tract Number: 191...

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $2,800,000 -3.4% $419 / Sq Ft
08/25/2025 08/25/25 For Sale $2,900,000 0.0% $434 / Sq Ft
03/27/2025 03/27/25 Off Market $2,900,000 -- --
01/26/2025 01/26/25 For Sale $2,900,000 +56.8% $434 / Sq Ft
09/29/2023 09/29/23 Sold $1,850,000 0.0% $277 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $1,850,000 -- $277 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-20616

Pasadena-Foothills Association of REALTORS®