626 Brent Ave - Apartments FOR SALE


South Pasadena, CA 91030
$2,200,000 USD
310-550-2615
626 Brent Ave, South Pasadena, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/29
null | 3.41% Cap Rate

626 Brent Ave
South Pasadena, CA 91030


HIGHLIGHTS

  • SELLER FINANCING MAY BE AVAILABLE TO QUALIFIED BUYERS; TERMS NEGOTIABLE
  • 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, 20% RENTAL UPSIDE
  • DETACHED GARAGE WITH FOUR INDIVIDUALLY LOCKABLE SINGLE CAR GARAGES. POTENTIAL ADU CANDIDATE.

OVERVIEW

Private Property. Tours by Appointment Only. Do Not Disturb Tenants. 100% Occupied. Seller Financing May Be Available to Qualified Buyers; Terms Negotiable. Located in the heart of South Pasadena, 626 Brent Ave is a rare multifamily investment opportunity. Built in 1947, this well-maintained fourplex offers four 2-bedroom, 1-bath units, each approximately 900 sq ft. Fully occupied, the property provides immediate rental income. Ideal for owner-investors live in one unit while renting out the others. South Pasadena is known for its award-winning schools and proximity to Caltech, just 3.7 miles away.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

3.41%

% 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.