380 S Sierra Madre Blvd | Pasadena, CA 91107
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- LoopNet Team
380 S Sierra Madre Blvd
Pasadena, CA 91107
13-unit Value-add 2 blocks from San Marino · Multifamily Property For Sale · 13 Units
Investment Highlights
- Excellent location South of Colorado Blvd location in Pasadena, near The Huntington Library in San Marino, and just minutes away from CALTECH, and P
- Excellent Assumable Loan at 3.84% fixed until 2027 and Interest Only until 2025
- Large Lot: 11,130SF High Density (R4) Lot; Overparked building with 26 spaces (12 are tandem); Potential ADU upside (buyer to verify)
- Located 2 blocks from San Marino; Excellent demographics with ±$162,560 average household income within a 1-mile radius
- Very Well-Maintained Pride-of-Ownership Value-add apartment; Possibility to add 3 ADUs (buyer to verify)
- Recent capital improvements completed: NEW exterior paint in 2021, security cameras in common area, double pane windows, updated electrical (buyer t
PROPERTY FACTS
| No. Units | 13 | Building Size | 6,534 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1951/2021 |
| Building Class | C | Parking Ratio | 3.98/1,000 SF |
| Lot Size | 0.25 AC |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2021 |
| Parking Ratio | 3.98/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 7 | - | - |
| Studios | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 5330-002-014 | Improvements Assessment | $2,550,000 |
| Land Assessment | $1,122,000 | Total Assessment | $3,672,000 |
PROPERTY TAXES
Parcel Number
5330-002-014
Land Assessment
$1,122,000
Improvements Assessment
$2,550,000
Total Assessment
$3,672,000
zoning
| Zoning Code | LCR4YY |
| LCR4YY |
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