Pasadena, CA 91101 664 Mira Monte Place
$3,400,000
16 more
Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;
Home Details
ASSUMABLE FINANCING @ 3.15% INTEREST! 4.84% CAP ON CURRENT RENTS WITH VALUE-ADD RENTAL UPSIDE! FULL COPPER PLUMBING, FULLY UPDATED NEW ELECTRICAL SYSTEM, TANKLESS WATER HEARTERS, SOME UNITS REMODELED WITH W/D INSIDE, TWO NEW CONSTRUCTION ADU UNITS COMPLETE AND RENT READY (Easy to show). We are pleased to present this 9-unit property in one of the best rental areas of Pasadena. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The original property consists of Four 1 Bed + 1 bath units and Three studio + 1 bath units. The 2 NEW ADUs are one 2 Bed + 1 bath and one studio + 1 bath units and NOT subject to Pasadena city rent control laws. Given the location and style these apartments have a very strong history of renting quickly and at top rents. There is on-site parking for tenants. NO SOFT-STORY RETROFIT NEEDED. Separately metered for electricity and gas and each unit has their own water heater. This can be purchase separately or together with the next door, 6 unit property at 142 S. El Molino Ave., MLS # 24-413263. A rare offering for one or two properties that have been well updated and meticulously managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.
Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;
Interior Features for 664 Mira Monte Place
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 664 Mira Monte Place
Additional Parcels Y/NNo
AppliancesDishwasher, Microwave, Refrigerator, Dryer, Washer
Attached Garage No
Buyer FinancingAssumed, Cash
Cap Rate4.84
Carport Y/NNo
CityPasadena
CountyLos Angeles
Days on Market34
DirectionsSouth on S. El Molino Ave, on SE corner of Mira Monte & S. El Molino.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income237781.0
HeatingForcedAir, WallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7211.0
Lot Size UnitsSquareFeet
MLS Area648 - Pasadena (SE)
MobileHomeRemainsYNNo
Net Operating Income164461.0
New ConstructionNo
NumberOfUnitsTotal9
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningPSC-
Exterior for 664 Mira Monte Place
Building Area Total0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1655
Lot Size Area7211.0
Lot Size SourceAssessor
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking6.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480