$2,700,000
$2,700,000
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6,695 SqFt
SOLD DATE : 02/09/2022
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,695 sqft
Price per Sqft $403
MLS Listing ID PW21184126
Sold Date 02/09/22
HOA Y/N No
Year Built 1949
Lot Size 0.374 Acres
Acres 0.3744
Property Description
Presenting the Fremont Apartments, an incredible value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Carport
Carport Spaces 8
Pool None
Community Features Foothills, Park, Sidewalks, Urban, Valley
Parking Type Carport
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot
Sewer Unknown
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 5319023001
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Gary Tolfa • Triqor Group