301-303 N Hudson Ave
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301-303 N Hudson Ave
5 Unit Apartment Building $2,560,000 ($512,000/Unit) 4% Cap Rate Pasadena, CA 91101
Investment Highlights
- Ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning!
Executive Summary
Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,476
|
$37.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,476
|
$37.07
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$47,304
|
$11.14
|
| Net Operating Income |
$110,172
|
$25.94
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $157,476 |
| Annual Per SF | $37.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $157,476 |
| Annual Per SF | $37.07 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $47,304 |
| Annual Per SF | $11.14 |
| Net Operating Income | |
|---|---|
| Annual | $110,172 |
| Annual Per SF | $25.94 |
Property Facts
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Tub/Shower
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,468 | - |
| 1+1 | 1 | $2,785 | - |
| Studios | 1 | $1,875 | - |
| 1+1 | 1 | $2,338 | - |
| 1+1 | 1 | $2,300 | - |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (78)
zoning
| Zoning Code | CD-RM-87 (High Density Residential Multifamily - CD-RM-87 (High Density Residential Multifamily), this property is situated in a high-demand area with the) |
| CD-RM-87 (High Density Residential Multifamily - CD-RM-87 (High Density Residential Multifamily), this property is situated in a high-demand area with the) |
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301-303 N Hudson Ave
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