531 Prescott Street

Pasadena, CA 91104

$3,525,000

Sold Price
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1914

calendar_month Built

Property Description

Listed at a 6.69% CAP rate and 9.59 GRM. Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. There are 19 bachelor units plus a 2 bed/2 bath house + office. The bachelor units have a freestanding sink, refrigerator, electric stovetop, new mini-split AC units, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features OVERVIEW a convenient, walk-in closet.

Listing Information

Close Price $3,525,000
Close Date Wednesday, September 11th, 2024
Status Closed
MLS WS24145258
Type Residential Income
Subtype Apartment
Year Built 1914
Lot Size 14,360
Structure Size N/A
DOM 12
Courtesy Of Keller Williams Realty/Pasadena
Listing Agent KEVIN HURLEY DRE#01237798

Interior Features

Laundry Information
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Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: KEVIN HURLEY, Keller Williams Realty/Pasadena . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 16th, 2024 at 12:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.