Han Chen
This listing was posted on Han Chen (via ListedBuy).
$5,800,000
60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052
Price:
$5,800,000
BR/BA:
10+ BR, 10+ BA
Location:
60 El Nido Ave, Pasadena, CA
Description:
A HIGH CAP Rate and almost turnkey 12-unit + 3 ADUs garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With CAP Rate Close to 5% in a Class-A Location, Single-story duplexes layout, and Arcadia adjacent location, this offering provides an extremely rare opportunity for investors to acquire a beautifully upgraded apartment in an excellent location in Pasadena. Six out of 12 units (50%) have been completely upgraded and provides new owners with immediate market sale without having to deal with tenant relocation and units upgrade process. The property is a beautiful asset with attractive four single-story duplexes and one two-story fourplex in the back. It is located in a mature and quiet residential neighborhood with superb access to many City of Pasadena and City of Arcadia have to offer. It is near Target shopping center, Hastings Ranch neighborhood in Pasadena and located close to City of Arcadia border with Santa Anita Mall just minutes away. The property was built in 1946 and underwent massive renovation in 2023-2024. It is situated on an oversized ±20,570 SF lot size with medium density zoning RM-32 (32 units/Acre). It has excellent curb appeal with front drought tolerant landscaping, new wrought-iron gate and fencing, and many more upgrades. It offers an attractive unit mix of 8 x 1bedroom+1bathroom, 4 x Studio, and will be built 3 x New ADUs 1bedroom+1bathroom. Each unit is bright with an excellent layout. Six out of 12 units have been fully upgraded with high-end finishings such as brand-new flooring throughout, brand new kitchen with kitchen island complete with high-end cabinets and quartz countertops, brand new bathroom complete with tiled bathroom and new vanity cabinets, new mini-split HVAC system in living room and bedroom, and brand new almost everything. The upgraded unit comes with laundry machines. Four back units have large private balcony/patio. There is a large common. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
570 sq. ft.
Amenities:
Patio/Deck
For sale by:
Agent/Broker
Agent Name:
Han Chen
Posted:
May 20 on ListedBuy
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More About this Listing: 60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052
60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052 is a 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale at 60 El Nido Ave in Pasadena CA. Find other listings like 60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052 and listings near 60 El Nido Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale in Pasadena CA.
60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052 is a 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale at 60 El Nido Ave in Pasadena CA. Find other listings like 60 El Nido Ave, Pasadena, CA 91107 MLS# AR24082052 and listings near 60 El Nido Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale in Pasadena CA.