617 Mound Avenue, South Pasadena, CA 91030

$3,500,000
List Price
$3,500,000
Status
ACTIVE
MLS#
PW21253352
Year Built
1960
Lot Size
10,790
Acres
0.25
Lot Location
Rectangular Lot
Days on Market
16
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.

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

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Gary Tolfa from Triqor Group

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.