1601 Fremont Avenue, South Pasadena, CA 91030

About this property

Presenting the Fremont Apartments, an incredible value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.

Listing description from the February 2022 sale, as reported to CRMLS.

Sale history

$2,700,000

Sold February 2022 · on market August 2021 · MLS #PW21184126 · Source: CRMLS

Listing Agent: Gary Tolfa · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Gary Tolfa · Triqor Group

$2,310,000

Sold February 2021 · listed $2,200,000, on market December 2020 · MLS #AR21000301 · Source: CRMLS

Listing Agent: Naomi Bezaire Lewis · Listing Office: Kingston Realty · Contact: 626-566-7784 · Bought with: KATHLEEN YUE · FORTUNA REAL ESTATE & DEV.

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