

Listed by KW Commercial Studio City
$1,100,000
1428 N HILL AVE PASADENA CA 91104
Details
APN 5850016001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,881
Net Rentable (SqFt) 1,881
Units 2
Cap Rate 3.57%
NOI $39,224
Occupancy 100%
Price per SqFt $585
Class C
Year Built 1923
Buildings 2
Stories 1
Acreage 0.168
Zoning Public Rec
Duplex | Great Pasadena Location
Marketing description
Located in the highly desirable city of Pasadena, 1428 N Hill Ave presents a fantastic duplex investment opportunity in one of the San Gabriel Valleys most sought-after rental markets. Known for its strong tenant demand, excellent amenities, and proximity to major employment and education centers, Pasadena continues to attract a wide range of renters, making this property ideal for both investors and owner-users. The property features a well-balanced unit mix of one 2-Bedroom/1-Bath unit and one 3-Bedroom/1-Bath unit, offering spacious layouts that appeal to families, professionals, and roommates alike. Each unit is individually metered for gas and electric, helping to reduce owner expenses while providing tenants with control over their utilities. The building also includes on-site parking and on-site laundry, key amenities that enhance convenience and long-term tenant retention. Situated in a high-demand rental location, the property benefits from close proximity to a variety of shopping, dining, and entertainment options. Residents can enjoy easy access to destinations such as the Pasadena Convention Center and The Paseo, along with numerous neighborhood retail corridors and everyday conveniences. The location is further strengthened by its proximity to major educational institutions, including Pasadena City College and the prestigious California Institute of Technology, both of which contribute to a consistent pool of renters. Outdoor and recreational amenities are also nearby, including the iconic Rose Bowl Stadium. Commuters will appreciate the propertys quick access
Investment highlights
Great Pasadena Location
Unit Mix: 1-2+1 | 1-3+1
On-Site Parking
On-Site Laundry
Individually Metered For Gas & Electric
High Demand Rental Location
Quick Access To CA-710, CA-134, & I-210 Freeways
Short Distance To Rose Bowl Stadium
Pasadena City College Nearby
Short Distance To Light Rail Station
Nearby Shopping/Transit
Short Distance To Pasadena Convention Center
The Paseo Nearby
Short Distance To California Institute of Technology
Pasadena Convention Center Nearby
Listing Contacts


Listed by KW Commercial Studio City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,224.00
$3,268.67/mo
Valuation Metrics
0
DSCR
3.57%
Cap Rate
3.57%
ROI
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