1744-1750 Huntington Dr - Apartments FOR SALE


South Pasadena, CA 91030
$2,475,000 USD
626-429-0685
1744-1750 Huntington Dr, South Pasadena, CA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/4
null | 4.09% Cap Rate

1744-1750 Huntington Dr
South Pasadena, CA 91030


HIGHLIGHTS

  • Prime South Pasadena Location
  • Award Winning Schools
  • Walking Distance to Marengo Elementary School, South Pasadena Middle & High Schools shopping, restaurants and public transportation
  • 4 of 5 units upgraded. Unit Mix: 3- 1 bedrooms; 2- 2 bedrooms
  • Pride of ownership, meticulously maintained, charming, turnkey property
  • No city rent control, governed by statewide rent control AB 1482

OVERVIEW

The Chateau Apartments is a well-maintained, pride-of-ownership, two-story walk-up apartment building, built in 1940, offering 5 units across 4,365 square feet on a 9,017-square-foot lot. The building features a pitched composition shingle roof, a raised foundation, and detached parking with 5 garage spaces. The unit mix consists of 3 one-bedroom, one-bath units (about 730 SF each) and 2 two-bedroom, one-bath units (about 980 SF each), with individual metering for gas, electricity, and hot water. 4 of the 5 units have been upgraded with recessed lighting, tile countertops and floors, newer kitchen cabinets, and updated bathrooms, while the 5th unit (1825 Milan) remains unchanged with a long-term tenant. All units feature hardwood floors, decorative fireplaces, and dining rooms. The property also offers a shared outdoor seating area for tenants, a common laundry room with owned machines, and recent improvements, including new copper plumbing, upgraded electrical panels, and a new roof installed in 2023. The building is under statewide rent control (AB 1482) but there is no local rent control.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

5

PRICE/UNIT

$495,000

CAP RATE

4.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Chateau Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

R31, South Pasadena

APN/PARCEL ID

5320-021-004

ASK ABOUT THIS PROPERTY

Kevin LutzKW CommercialMore Info
626-429-0685

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Kevin LutzKW CommercialMore Info
626-429-0685

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