Pasadena, CA 91101 679 Earlham Street
$2,488,000
3 more
Presented By: Ryan Loria with Triqor Group; 949-756-3232
SQFT • 6,291
Garage • 1
Home Details
We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with 22% upside, generating a 5.5% cap rate with current rents, 7.5% with market rents.
Presented By: Ryan Loria with Triqor Group; 949-756-3232
Interior Features for 679 Earlham Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 679 Earlham Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces7.0
Carport Y/NYes
CityPasadena
Community FeaturesSidewalks
CountyLos Angeles
Days on Market58
DirectionsDriving East on Orange Grove Blvd., Turn right onto El Molino Ave., then left onto Earlham St., Property is your left.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location/
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income199926.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet9778.0
Lot Size UnitsSquareFeet
MLS Area646 - Pasadena (NE)
MobileHomeRemainsYNNo
Net Operating Income136663.0
New ConstructionNo
NumberOfUnitsTotal8
Open Parking Spaces3.0
Operating Expense57265.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot8
TermsConventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1965
Year Built SourcePublicRecords
ZoningPSR1
Exterior for 679 Earlham Street
Building Area Total6291.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.2245
Lot Size Area9778.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
SpaNo
Total Parking11.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480