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132 N Sierra Bonita Avenue

Pasadena, CA 91106
  • $1,725,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: P1-16335
UPDATED: 12 min ago
$1,725,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Ratings & Info

Listing Agent(s): Josephine Yang of Coldwell Banker Realty ((626) 449-5222)


Description

Located in a prime Pasadena residential area, within proximity to PCC, Cal Tech, Art Center College, S. Lake Shopping district, Old Town, Rose Bowl, and Downtown LA, this wonderful investment income property consists of one detached 2-bed/1 bath, one detached 1-bed+den/1 bath (can be used as 2 beds), and four studio units at the back. The front unit has a newer roof, one of the studio units has current upgrades. There are laundry equipment on site owned by the landlord for additional income, and plenty of parking spaces. Please do not miss the opportunity to own this 6-units income property in the highly desirable and beautiful City of Pasadena. Current rents are below market value due to long term tenants. It has value-add and also redevelopment/ADU potentials. Buyer to verify all zoning, permits and square footage information. Please do not walk on the property without prior permission from listing agent and do not disturb the tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147000056
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132 N Sierra Bonita Avenue Pasadena, CA 91106

  • Price: $1,725,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 12 min ago
  • ID#: P1-16335
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1946
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
648 - Pasadena (SE)
Property Description
Located in a prime Pasadena residential area, within proximity to PCC, Cal Tech, Art Center College, S. Lake Shopping district, Old Town, Rose Bowl, and Downtown LA, this wonderful investment income property consists of one detached 2-bed/1 bath, one detached 1-bed+den/1 bath (can be used as 2 beds), and four studio units at the back. The front unit has a newer roof, one of the studio units has current upgrades. There are laundry equipment on site owned by the landlord for additional income, and plenty of parking spaces. Please do not miss the opportunity to own this 6-units income property in the highly desirable and beautiful City of Pasadena. Current rents are below market value due to long term tenants. It has value-add and also redevelopment/ADU potentials. Buyer to verify all zoning, permits and square footage information. Please do not walk on the property without prior permission from listing agent and do not disturb the tenants.
Exterior Features

Carport Spaces 3 Carport YN Yes Fencing Wood Lot Features Front Yard Number Of Separate Electric Meters 5 Parking Features CarportOn SitePavedOne Space Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Free-Standing RangeDryerWasher Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Cap Rate 3.71 Community Features Sidewalks Current Financing Conventional Electric Expense 1200 Garage YN No Gross Income 92220 Gross Scheduled Income 91020 Inclusions Laundry equipmentbuilt-in appliances Insurance Expense 2000 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 Exchange Maintenance Expense 1200 Net Operating Income 83500 New Taxes Expense 20700 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 8000 Other Expense 500 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 91020 Trash Expense 920 Water Sewer Expense 980 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Josephine Yang of Coldwell Banker Realty ((626) 449-5222)