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 5.2% cap rate with current rents, 7.2% with market rents.
Additional Features
- Rectangular Lot
- Two
- Parking spaces: 11.00
- Listing Status: Active
- Listing Agent: Ryan Loria
(lic# 02006138)
of Pacific West
- Listing Office: Triqor Group
(lic# 01921625)
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Based on information from CRISNet MLS as of 7th January 2025 at 8:39pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
