The Chateau Apartments | 1744-1750 Huntington Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Chateau Apartments 1744-1750 Huntington Dr
5 Unit Apartment Building $2,475,000 ($495,000/Unit) 4.09% Cap Rate South Pasadena, CA 91030
Investment Highlights
- Prime South Pasadena Location
- Walking Distance to Marengo Elementary School, South Pasadena Middle & High Schools shopping, restaurants and public transportation
- Pride of ownership, meticulously maintained, charming, turnkey property
- Award Winning Schools
- 4 of 5 units upgraded. Unit Mix: 3- 1 bedrooms; 2- 2 bedrooms
- No city rent control, governed by statewide rent control AB 1482
Executive Summary
The Chateau Apartments is a well-maintained, pride-of-ownership, two-story walk-up apartment building, built in 1940, offering 5 units across 4,365 square feet on a 9,017-square-foot lot. The building features a pitched composition shingle roof, a raised foundation, and detached parking with 5 garage spaces. The unit mix consists of 3 one-bedroom, one-bath units (about 730 SF each) and 2 two-bedroom, one-bath units (about 980 SF each), with individual metering for gas, electricity, and hot water. 4 of the 5 units have been upgraded with recessed lighting, tile countertops and floors, newer kitchen cabinets, and updated bathrooms, while the 5th unit (1825 Milan) remains unchanged with a long-term tenant. All units feature hardwood floors, decorative fireplaces, and dining rooms. The property also offers a shared outdoor seating area for tenants, a common laundry room with owned machines, and recent improvements, including new copper plumbing, upgraded electrical panels, and a new roof installed in 2023. The building is under statewide rent control (AB 1482) but there is no local rent control.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,475,000 | Apartment Style | Low Rise |
| Price Per Unit | $495,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.09% | Building Size | 4,365 SF |
| Gross Rent Multiplier | 15.34 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,475,000 |
| Price Per Unit | $495,000 |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| Gross Rent Multiplier | 15.34 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,365 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.68/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $7,470 | 730 |
| 2+1 | 2 | $5,925 | 980 |
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 5320-021-004 | Total Assessment | $1,972,991 |
| Land Assessment | $1,085,146 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $887,845 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5320-021-004
Land Assessment
$1,085,146
Improvements Assessment
$887,845
Total Assessment
$1,972,991
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R31, South Pasadena |
| R31, South Pasadena |
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Chateau Apartments | 1744-1750 Huntington Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.