Del Vina Apartments- Lowest CPU in Pasadena! | 3201 Del Vina St
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Del Vina Apartments- Lowest CPU in Pasadena! 3201 Del Vina St
5 Unit Apartment Building $980,000 ($196,000/Unit) 4.64% Cap Rate Pasadena, CA 91107
Investment Highlights
- Lowest price per unit in Pasadena!
- 5 Units priced less than recent SFR sales in the area
- Master metered for all utilities, Less than 1 mile walk to Sierra Madre Villa Metro Stop
- Vacant SFR ready for immediate renovation
- Great Value Add Opportunity with +/-35% Rental upside on existing
- Walking distance to shops at Hastings Ranch including Best Buy, Pet Smart, Handel’s, Nordstrom Rack, and Dicks Sporting Goods as well as Whole Foods
Executive Summary
Growth Investment Group Pasadena are pleased to present 3201 Del Vina St, which consists of 5 units including a SFR in the front and 4 additional units in the back. This unique Pasadena 5 Unit, true value-add investment opportunity is in the heart of the desirable Hastings Ranch community! This property is surrounded by nice Single family residential properties and available for the next owner to renovate the front house. Per the assessor the property is 5 units, with 3 bedrooms and 5 bathrooms, but the property appears as a traditional SFR from the front. It could be a great opportunity for an extended family or new investor to move into the house while collecting rental income from the guest units in the back! The property has +/-35% rental upside and an opportunity to enter a market with a limited supply of deals available in the $1M range. This property is priced to sell! Property is being sold as is where is so bring your paintbrush!]
*Property being sold as is where is, with any and all faults. Buyer shall be responsible for their own due diligence. Buyer and buyers agent shall satisfy themselves with regards to all aspects of the property including legal square footage and permits. Property is listed as 5 units per the assessor with 3 bedrooms and 5 bathrooms and seller acquired it as such- with no known history of the additions. Seller and sellers agent will not guarantee or provide any warranty to the physical layout or condition of the property including any potential unpermitted additions.
*Property being sold as is where is, with any and all faults. Buyer shall be responsible for their own due diligence. Buyer and buyers agent shall satisfy themselves with regards to all aspects of the property including legal square footage and permits. Property is listed as 5 units per the assessor with 3 bedrooms and 5 bathrooms and seller acquired it as such- with no known history of the additions. Seller and sellers agent will not guarantee or provide any warranty to the physical layout or condition of the property including any potential unpermitted additions.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$45,441
|
$21.76
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $45,441 |
| Annual Per SF | $21.76 |
Property Facts
Unit Amenities
- Cable Ready
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,050 | - |
| Studios | 3 | $837.00 | - |
| 2+2 | 1 | $2,700 | - |
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PROPERTY TAXES
| Parcel Number | 5752-010-015 | Improvements Assessment | $212,241 (2024) |
| Land Assessment | $610,194 (2024) | Total Assessment | $822,435 (2024) |
PROPERTY TAXES
Parcel Number
5752-010-015
Land Assessment
$610,194 (2024)
Improvements Assessment
$212,241 (2024)
Total Assessment
$822,435 (2024)
zoning
| Zoning Code | PSR6 |
| PSR6 |
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Del Vina Apartments- Lowest CPU in Pasadena! | 3201 Del Vina St
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