626 Brent Ave - Apartments FOR SALE


South Pasadena, CA 91030
$1,975,000 USD
310-550-2615
626 Brent Ave, South Pasadena, CA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/29
null | 3.78% Cap Rate

626 Brent Ave
South Pasadena, CA 91030


HIGHLIGHTS

  • 20% RENTAL UPSIDE
  • PERFECT FOR OWNER-OCCUPIER: LIVE IN ONE UNIT AND USE INCOME FROM OTHER THREE TO SUPPORT INVESTMENT
  • EXCELLENT SCHOOLS THAT CONSISTENTLY ATTRACT RENTERS AND MULTIFAMILY BUYERS.
  • STEPS TO BRISTOL FARMS, FAIR OAKS AVENUE RETAIL CORRIDOR, GARFIELD PARK & TENNIS COURTS, AND SOUTH PASADENA METRO STATION
  • AB 1482 RENT CONTROL ONLY
  • DETACHED GARAGE WITH FOUR INDIVIDUALLY LOCKABLE SINGLE CAR GARAGES. POTENTIAL ADU CANDIDATE.

OVERVIEW

Steps to Fair Oaks Avenue and Garfield Park Nestled in the vibrant heart of South Pasadena, 626 Brent Ave offers a rare and highly desirable multifamily investment opportunity. Built in 1947, this well-maintained wood-frame property features four spacious 2-bedroom, 1-bathroom units, each approximately 900 square feet. Designed with both comfort and functionality in mind, the property is currently 100% occupied, providing immediate rental income and stability for savvy investors. Offered at an attractive price per unit and price per square foot, 626 Brent Ave stands out as a premier investment in South Pasadena’s sought-after multifamily submarket. Its prime location, strong tenant demand, and proximity to top-rated schools solidify its position as a standout asset in a highly coveted area. Ideal for Owner-Occupiers For owner-investors, 626 Brent Ave presents an exceptional opportunity to combine personal residence with financial returns. An owner-occupier can live in one unit while generating rental income from the remaining three, effectively offsetting mortgage costs. This dual-purpose setup not only offers a comfortable living arrangement but also ensures a steady revenue stream, bolstering long-term investment returns. Renowned Educational Institutions South Pasadena is celebrated for its award-winning Unified School District, which serves over 4,600 K-12 students with a student-teacher ratio of 24:1. All five district schools are recognized as “Most Distinguished,” and its three elementary schools have earned prestigious Blue Ribbon Awards.For higher education, the prestigious California Institute of Technology (Cal Tech) is just 3.7 miles away, providing access to world-class educational opportunities.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$551 USD /SF

# OF UNITS

4

PRICE/UNIT

$493,750

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

SPR310000*

APN/PARCEL ID

5318-005-002

ASK ABOUT THIS PROPERTY

James KeadyCBREMore Info
310-550-2615

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James KeadyCBREMore Info
310-550-2615

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