617 Mound Avenue, South Pasadena, CA 91030
- $3,450,000
- Sold Price
- $3,450,000
- List Price
- $3,500,000
- Closing Date
- Feb 07, 2022
- Status
- CLOSED
- MLS#
- PW21253352
- Year Built
- 1960
- Lot Size
- 10,790
- Acres
- 0.25
- Lot Location
- Rectangular Lot
- Days on Market
- 13
- Property Type
- Multifamily
Property Description
Pleased to present the opportunity to acquire the Mound Apartments, an excellent pride of ownership & value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of one and two-bedroom units on a 10,790 Sq. Ft lot. The community features ample covered parking (15 total spaces), laundry facility, and solar powered hot water. Mound Apartments also offers an investor the opportunity to build accessory dwelling units on the property. With 5 renovated units, the property has approximately 20% upside in rents leading to a 4.4% cap rate with market rents.
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Additional Information
- Pool Description
- None
- Sewer
- Septic Tank
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $177,840
- Operating Expense
- 60960
Listing courtesy of Listing Agent: Gary Tolfa (gary@triqorgroup.com) from Listing Office: Triqor Group.
Listing sold by Gary Tolfa from Triqor Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.