1733 Ellincourt Dr
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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 | Building Class | C |
Price Per Unit | $400,000 | Lot Size | 0.22 AC |
Sale Type | Investment | Building Size | 6,438 SF |
Cap Rate | 3.36% | Average Occupancy | 100% |
No. Units | 6 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1952 |
Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
Apartment Style | Low Rise |
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 | - | - |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
Parcel Number | 5317-021-032 | Improvements Assessment | $134,811 |
Land Assessment | $68,231 | Total Assessment | $203,042 |
PROPERTY TAXES
Parcel Number
5317-021-032
Land Assessment
$68,231
Improvements Assessment
$134,811
Total Assessment
$203,042
zoning
Zoning Code | SPR3A10000 |
SPR3A10000 |
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1733 Ellincourt Dr
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