1733 Ellincourt Dr - Apartments FOR SALE


South Pasadena, CA 91030
$2,400,000 USD
818-730-2361
1733 Ellincourt Dr, South Pasadena, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/35
null | 3.36% Cap Rate

1733 Ellincourt Dr
South Pasadena, CA 91030


OVERVIEW

This classic mid-century apartment building offers an exceptional investment opportunity in prestigious South Pasadena. The location is close to the heart of South Pasadena's business district and a short drive to downtown Los Angeles and Old Town Pasadena. This fully occupied rental income property offers a good mix of units - 2 units consist of 2 bedrooms and 1 bath; 4 units consist of 1 bedroom and 1 bath. The building is almost 6,500 square feet with every unit spacious in size. The property is individually metered for gas and electricity. A laundry room is conveniently located on-site. Parking is provided with 6 covered spaces; 1 space for each tenant. The area is well known for excellent schools, sense of community and great access to job centers in the region. This property abounds with quality and character while offering a savvy investor the opportunity to add value in a top-tier rental market.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

6

PRICE/UNIT

$400,000

CAP RATE

3.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

SPR3A10000

APN/PARCEL ID

5317-021-032

ASK ABOUT THIS PROPERTY

Dan SanchezEngel & VolkersMore Info
818-730-2361

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

Dan SanchezEngel & VolkersMore Info
818-730-2361

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