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25834559
25834560

92 Allen Ave, Pasadena, CA 91106

PW
01146991
Century 21 Ludecke Inc
Listed by Century 21 Ludecke Inc
$2,990,000
300 days on market
Updated 21 days ago

92-100 Allen Apartment

Details
APN 5746017163
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5,971
Net Rentable (SqFt) 5,971
Units 6
Cap Rate 4.82%
NOI $144,237
Occupancy 100%
Rent Bumps No
Pro-Forma Cap Rate 5.18%
Pro-Forma NOI $155,000
Price per SqFt $501
Broker Co-Op Yes
Year Built 1922
Buildings 4
Stories 2
Lot Size (SqFt) 15,894
Zoning RM32
Investment Type Redevelopment

Multifamily | 6 Units | $498,333/unit

Marketing description

PLEASE NOT DISTURB TENANTS, DRIVE BY ONLY, This fully occupied 6 units 4 building income property in the heart of Pasadena, Situated within walking distance to Pasadena City College and near by Caltech. Unit #92 / 6 bedrooms 2 bathrooms 2,073 Sq Ft, Unit #94 -1,2 & 3 / each unit 780 Sq Ft and 2 bedrooms 1 bathroom , Unit $98 / 1 bedroom 1 bathroom 528 Sq Ft, Unit #100 / 3 bedrooms 2 bathrooms 1,300 Sq Ft. This property Zoned RM 32, offers significant development potential 11 units condo project in one of the most desirable and transit-accessible neighborhoods in the city. This asset allows you to collect income immediately while submitting plans for new construction. That’s Unique investment Opportunity ! ! !

Investment highlights

This property Zoned RM 32, offers significant development potential 11 units condo project in one of the most desirable and transit-accessible neighborhoods in the city. This asset allows you to collect income immediately while submitting plans for new construction. That’s Unique investment Opportunity ! ! !

Listing Contacts

PW
01146991
Century 21 Ludecke Inc
Listed by Century 21 Ludecke Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$144,237.00
$12,019.75/mo

Valuation Metrics

0
DSCR
4.82%
Cap Rate
4.82%
ROI

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