Get the App

50 S Meridith Avenue, Pasadena, CA 91106

Commercial property · 2 recorded sales since 2018

50 S Meridith Avenue, Pasadena, CA 91106 Sold February 2018 CRMLS
$2,500,000Sold February 2018

Listing Agent: WILLIAM TONG (DRE #01903501) · Listing Office: GOLDEN LAND INV. & FINANCIAL · Contact: 626-821-6800 · Bought with: TRAVIS ELY · TRAVIS ELY · MLS #WS17280856 · Source: CRMLS

4,650
Building Sq Ft
5
Units
4.30%
Cap Rate
$93,427
NOI
8,596 sqft
Lot Size
1959
Year Built
Commercial property
Type

About this commercial property

Rare opportunity to own a well maintained 5-unit multi-family property 1 block away from PCC and 3 blocks away (0.5 miles) to Cal-Tech, the Gold Line Metrolink station, dozens of restaurants and shops (Chick-fil-a, Starbucks, Panda Express, Bank of America, Wells Fargo, etc.), the 210 freeway, and the bus line. The 2-story property is a large 4,650 sqft on a generous 8,605 sqft lot. All of the units are 2 bedroom, 1 bathroom units and attached. There are a total of 9 parking spaces - 5 covered spaces and 4 uncovered spaces. Property includes an on-site owner-owned coin-operated laundry room. Owner installed a new roof recently, newly painted the exterior, and the homes have been well maintained for decades.

Listing description from the February 2018 sale, as reported to CRMLS.

Sale history

$2,500,000
Sold February 2018 · listed $2,150,000, orig. $1,150,000, on market December 2017 · MLS #WS17280856 · Source: CRMLS
Listing Agent: WILLIAM TONG · Listing Office: GOLDEN LAND INV. & FINANCIAL · Contact: 626-821-6800 · Bought with: TRAVIS ELY · TRAVIS ELY
$2,500,000
Sold February 2018 · listed $2,150,000, on market December 2017 · MLS #WS17277512 · Source: CRMLS
Listing Agent: WILLIAM TONG · Listing Office: GOLDEN LAND INV. & FINANCIAL · Contact: 626-821-6800 · Bought with: TRAVIS ELY · TRAVIS ELY
See homes for sale in Pasadena Open the Nalren App

Explore Pasadena