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1733 Ellincourt Dr

6 Unit Apartment Building $2,400,000 ($400,000/Unit) 3.36% Cap Rate South Pasadena, CA 91030

Executive Summary

This classic mid-century apartment building offers an exceptional investment opportunity in prestigious South Pasadena. The location is close to the heart of South Pasadena's business district and a short drive to downtown Los Angeles and Old Town Pasadena. This fully occupied rental income property offers a good mix of units - 2 units consist of 2 bedrooms and 1 bath; 4 units consist of 1 bedroom and 1 bath. The building is almost 6,500 square feet with every unit spacious in size. The property is individually metered for gas and electricity. A laundry room is conveniently located on-site. Parking is provided with 6 covered spaces; 1 space for each tenant. The area is well known for excellent schools, sense of community and great access to job centers in the region. This property abounds with quality and character while offering a savvy investor the opportunity to add value in a top-tier rental market.

Property Facts

Price $2,400,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 3.36%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.22 AC
Building Size 6,438 SF
Average Occupancy 100%
No. Stories 2
Year Built 1952
Parking Ratio 0.93/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - -
1+1 4 - -
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5317-021-032
Land Assessment
$68,231
Improvements Assessment
$134,811
Total Assessment
$203,042

zoning

Zoning Code SPR3A10000
SPR3A10000
  • Listing ID: 33661720

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 1733 Ellincourt Dr, South Pasadena, CA 91030

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