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633 Park Avenue

South Pasadena, CA 91030
  • $2,250,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: P1-16479
UPDATED: 79 min ago
$2,250,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Dave Brock of Beven & Brock Property Management Company, Inc ((626) 243-4142)


Description

This property is located in an excellent rental area close to Garfield Park and Bristol Farms.THere are four one bedoom apartments on first floor, and the rear upstairs unit is a 2 bedroom. Each unit has a private garage located on the alley at the rear of the property. Rents on 4 units are scheduled to increase on 4/1/24 which will increase Gross Sch. Inc to 133,092, with cap of 3.5 and GRM of 16.9

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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/147521092
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633 Park Avenue South Pasadena, CA 91030

  • Price: $2,250,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 79 min ago
  • ID#: P1-16479
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1941
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
658 - So. Pasadena
Property Description
This property is located in an excellent rental area close to Garfield Park and Bristol Farms.THere are four one bedoom apartments on first floor, and the rear upstairs unit is a 2 bedroom. Each unit has a private garage located on the alley at the rear of the property. Rents on 4 units are scheduled to increase on 4/1/24 which will increase Gross Sch. Inc to 133,092, with cap of 3.5 and GRM of 16.9
Exterior Features

Architectural Style Traditional Construction Materials Frame Direction Faces East Exterior Features Rain Gutters Fencing None Foundation Details Raised Lot Features Sprinklers In FrontLawnLandscapedSprinkler SystemYard Number Of Separate Electric Meters 5 Parking Features AsphaltDoor-SingleGarage Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Alley Paved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Parking Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Cap Rate 3.5 Community Features Curbs Current Financing None Garage YN Yes Gross Income 124458 Gross Scheduled Income 124458 Insurance Expense 2500 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 3600 Net Operating Income 78162 New Construction YN No New Taxes Expense 28125 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 52270 Other Expense 900 Pest Control Expense 900 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Total Actual Rent 133092 Trash Expense 2856 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 2 Water Sewer Expense 3761 Water Source Public Zoning SPR310000



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): Dave Brock of Beven & Brock Property Management Company, Inc ((626) 243-4142)