1711 Oxley St - Apartments FOR SALE


South Pasadena, CA 91030
$3,825,000 USD
310-728-9339
1711 Oxley St, South Pasadena, CA for Sale
$3,825,000 USD
Apartments - FOR SALE
1/17
null | 4.29% Cap Rate

1711 Oxley St
South Pasadena, CA 91030


OVERVIEW

SoCal Commercial Group is proud to bring to market a beautiful 8 unit apartment complex consisting of 2 properties situated in the heart of South Pasadena. It is a rare opportunity to acquire such properties in this renown area due to high demand yet very low availability making this an ideal asset for any investor. This well maintained asset consists of 8 - units with a diverse mix consisting of two spacious 2 bd 2 ba’s, three 2 bd 1 ba's, one 2 bd 1 ba + patio and two 1 bd 1 ba built in 1958 and 1967. Together, these properties are approximately 7,224 square feet with an average unit size of 903 square feet and a generous lot size just under 13,000 sf. The property features a laundry facility, assigned covered parking spaces, and each unit is separately metered for gas and electricity. This is the first time the properties are being brought to market together as well as the first time on the market in over 15 years, and with all tenants being there long terms it presents a potential Value-add opportunity with substantial increases in rent. South Pasadena is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. The property's ideal location brings lots of attention due to its walkability to local attractions such as restaurants, banks, Von’s grocery store as well as the many shops along Fair Oaks Ave. For families looking in the local area this property shall be given special attention due to South Pasadena Senior High School and South Pasadena Middle School being within a 5 minute walk from the door. The area boasts exceptional demographics, with an average household income exceeding $140,000 and a median home value over $1 million within a 1-mile radius. ***Offering memorandum is in the process of being made and will be completed within 7 days***

FOR SALE DETAILS

PRICE

$3,825,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

8

PRICE/UNIT

$478,125

CAP RATE

4.29%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,273 SF

ZONING

R310000, S Pasadena

APN/PARCEL ID

5318-013-034

ASK ABOUT THIS PROPERTY

Greg EngelCompass CommercialMore Info
310-728-9339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg EngelCompass CommercialMore Info
310-728-9339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.