Listing provided courtesy of Ryan Loria of Triqor Group. Last updated 2024-11-07 09:11:24.000000. Listing information © 2024 Sandicor.
Asking Price: $2,380,000
679 Earlham, Pasadena CA 91101
Community: 646 - Pasadena (NE)
This Apartment property was built in 1965 and is priced at $2,380,000. Please see the additional details below.
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 22% upside, generating a 5.9% cap rate with current rents, 7.9% with market rents.