1434 El Sereno Avenue, Pasadena, CA 91103

About this property

5% CAP RATE ON CURRENT RENTS! Presenting an excellent opportunity to purchase an 8 unit multi-family apartment property with very desirable qualities, good in place rents with room for future growth. At close 900 SF each these spacious units are all 2 bedroom + 1 bath and feature W/D hookups inside, front patios acting an extension of the living space and are separately metered for gas and electricity. The two single-story buildings have pitched roofs, require NO soft-story retrofitting and are situated on a oversized, corner lot that is nearly 20,000 SF with carport parking in the rear. This property is part of Pasadena city rent control laws. Please do not go on the property and disturb any tenants. Drive by only. Offers subject to inspection.

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold July 2024 · listed $2,499,000, on market June 2024 · MLS #24399645 · Source: CRMLS

Listing Agent: Alexander Metaxas · Listing Office: Realty Investment Advisors, Inc. · Bought with: Jason Anderson · Seven Gables Real Estate

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