515-517 N El Molino Ave - Apartments FOR SALE


Pasadena, CA 91101- The Oaks Pasadena
$4,790,000 USD
626-344-6410
515-517 N El Molino Ave, Pasadena, CA for Sale
$4,790,000 USD
Apartments - FOR SALE
1/15
null | 5.12% Cap Rate

515-517 N El Molino Ave
Pasadena, CA 91101
The Oaks Pasadena


HIGHLIGHTS

  • Garden style apartments
  • Gated community
  • A few blocks away from Old Town Pasadena

OVERVIEW

Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

16

PRICE/UNIT

$299,375

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Sierra Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

RM12, Pasadena

APN/PARCEL ID

5731-006-014

ASK ABOUT THIS PROPERTY

Mary BaldryCentury 21 Village RealtyMore Info
626-344-6410

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Mary BaldryCentury 21 Village RealtyMore Info
626-344-6410

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