MLS® ID: SB19168024
334 Pasadena Avenue
South Pasadena, California, 91030 $1,940,000
Five units in prime South Pasadena location! 334 Pasadena Avenue is comprised of one 2BD/1BA unit and four 1BD/1BA units, all separately metered for electric and water. The property currently operates at a 24.29 GRM and 2% cap rate and boasts a 70% upside in rents and chance to add additional income from laundry room, storage and parking allowing the building to operate at a GRM of 13.85 and pro forma cap rate of 4.9%. Built in 1961, the property has been well maintained with no deferred maintenance. Great location! Walking distance to Metro stop, close to Arroyo Vista Elementary School and Arroyo Seco Raquet Club. Please email for complete offering package.