211 S El Molino Avenue, Pasadena, CA 91101
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Sold Price :
$3,950,000
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Beds :
8
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Baths :
16
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Property Size :
9,750 sqft
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Year Built :
1929
Property Description
FULL COPPER PLUMBING, REDONE ROOF, NEW CARPORT ROOF, UPDATED ELECTRICAL, MINI-SPLIT & CENTRAL AC SYSTEMS, UPDATED DRAIN LINES AND WINDOWS, WOOD FLOORS AND NO SOFT-STORY RETROFIT NEEDED! We are pleased to present an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent existing rental income. Madison Heights has a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of four, very large 1 Bed + 1.5 bath units and 8 Studio + 1 bath units, providing ease of renting with desirable unit types achieving top market rents. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances. There is on-site, carport parking and the property is separately metered for gas and electricity. There is no other Pasadena property with an equally good location with so many major upgrades done, meticulously maintained with over a 5% CAP RATE. Don't miss this rare opportunity. PLEASE DO NOT DISTURB THE TENANTS.
Interior Features
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
16 |
| Interior Information |
| Cooling Type |
Electric |
Listing Information
| Address |
211 S El Molino Avenue |
| City |
Pasadena |
| State |
CA |
| Zip |
91101 |
| County |
Los Angeles |
| Listing Agent |
Alexander Metaxas DRE #01784652 |
| Co-Listing Agent |
Benjamin J. Hsiang DRE #01438644 |
| Courtesy Of |
Realty Investment Advisors, Inc. |
| Close Price |
$3,950,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
9,750 |
| Lot Size |
12,121 |
| Year Built |
1929 |
Listing information courtesy of: Alexander Metaxas, Benjamin J. Hsiang, Realty Investment Advisors, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 3rd, 2024 at 7:21 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.
