1720 - 1724 - 1724 Huntington Dr - Apartments FOR SALE


South Pasadena, CA 91030
$6,500,000 USD
818-640-4360
1720 - 1724 - 1724 Huntington Dr, South Pasadena, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/53
null | 4.13% Cap Rate

1720 - 1724 - 1724 Huntington Dr
South Pasadena, CA 91030


HIGHLIGHTS

  • 24 units in Prime South Pasadena close to Old Town, grocery stores, restaurants, and downtown LA
  • Property is two separate 12 unit buildings and upgrades include updated electrical and wiring and copper plumbing
  • Unit mix consists of (8) studio units and (16) 1+1 units
  • Property has 10 parking spaces and tenants use the building next door for overnight parking

OVERVIEW

Equity Union Commercial is proud to represent this 24-unit property in South Pasadena. The property consists of two separate buildings, both of which were constructed in 1928. The total unit mix consists of (16) 1+1 units and (8) studio units. With a cumulative lot size of 17,515 square feet, the property has a total of 18,224 rentable square feet. The property is situated in South Pasadena, which is a charming community, situated only six miles from downtown Los Angeles. Called the City of Trees, the area is known for its stunning homes, unique small businesses, and top quality schools. South Pasadena’s diverse population of about 25,000 occupies a mere 3.44 square miles of flatlands and hillsides on the west side of the San Gabriel Valley. This small town atmosphere makes South Pasadena one of California's most desirable locations. More than 100 acres of parks and playgrounds blanket its landscape and more than 21,000 trees adorn its streets. The quiet, historic character of its attractive neighborhoods is a testament to the preservationist efforts of residents in protecting both its architectural and natural beauty. The city enjoys a low crime rate and the benefits of a close-knit, participation-oriented community. Small, proud and independent, the City of South Pasadena has battled for a hundred years to preserve its status as a distinct and distinctive community. *Property needs new stucco*

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

24

PRICE/UNIT

$270,833

CAP RATE

4.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,515 SF

ZONING

SPR310000

APN/PARCEL ID

5320-021-024,5320-021-025

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union Real EstateMore Info
818-640-4360

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Cindy HillEquity Union Real EstateMore Info
818-640-4360

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