Property
Listing Agent: Ryan Loria (DRE #02006138) · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Kevin Lee · Berkshire Hathaway HomeServices California Properties · MLS #PW24155824 · Source: CRMLS
We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.
Listing description from the August 2025 sale, as reported to CRMLS.