$ 1,980,000
430 North El Molino Avenue Pasadena, CA 91101
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Listed by Gary Tolfa • Triqor Group
$ 1,980,000
Est. payment | /mo
3,685 SqFt
$ 1,980,000
Est. payment | /mo
3,685 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,685 sqft
Price per Sqft $537
MLS Listing ID PW-23179837
Year Built 1921
Lot Size 9,248 Sqft
Property Description
We are pleased to present El Molino Apartments, a 5-unit apartment complex in Pasadena, CA. The property offers an ideal unit mix consisting of generously sized studio, one, and two-bedroom units, situated within walking distance from Old Pasadena. The building is in pristine condition as it has been professionally managed and has undergone full interior and exterior improvements. Upgrades include copper plumbing, updated electrical system, new windows, hard wood flooring, stainless steel appliances, quartz countertops, new cabinetry, upgraded bathrooms and state of the art mini-split HVAC systems. Additional features include garage parking (5 spaces), open parking (4 spaces), yards/balconies, and washer/dryer hookups. With strong in-place rents generating a current cap rate of 4.6%, 5% with market rents, this low maintenance trophy asset is a perfect fit for any investor looking to expand their real estate portfolio.
Location
State CA
County Los Angeles
Zoning PSR4
Interior
Laundry None
Exterior
Garage Gated
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424