531 Prescott Street, Pasadena, CA 91104

About this property

Listed at a 6.69% CAP rate and 9.59 GRM. Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. There are 19 bachelor units plus a 2 bed/2 bath house + office. The bachelor units have a freestanding sink, refrigerator, electric stovetop, new mini-split AC units, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features OVERVIEW a convenient, walk-in closet.

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

Sale history

$3,525,000

Sold September 2024 · on market July 2024 · MLS #WS24145258 · Source: CRMLS

Listing Agent: KEVIN HURLEY · Listing Office: Keller Williams Realty/Pasadena · Contact: 626-484-1897 · Bought with: Sameh Nicola · California Prime Realty

$2,550,000

Sold October 2016 · listed $3,050,000, on market May 2016 · MLS #WS16098201 · Source: CRMLS

Listing Agent: KEVIN LUTZ · Listing Office: PASADENA MARKET CENTER · Contact: 626-204-3300 · Bought with: KEVIN LUTZ · PASADENA MARKET CENTER

$1,400,000

Sold September 2014 · listed $1,988,000, on market June 2014 · MLS #WS14114386 · Source: CRMLS

Listing Agent: KEVIN HURLEY · Listing Office: PASADENA MARKET CENTER · Contact: 626-204-3300 · Bought with: Mary Ann Shemdin · Keller Williams Realty

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