276 S Sierra Madre Blvd, Pasadena, CA 91107
276 S Sierra Madre Blvd, Pasadena, CA 91107
276 S Sierra Madre Blvd, Pasadena, CA 91107
12
See all 12 photos
$5,585,000
Est. payment /mo
Save
4 Beds
22 Baths
8,884 SqFt
Active Under Contract

276 S Sierra Madre Blvd Pasadena, CA 91107

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,884 sqft

Price per Sqft $628

MLS Listing ID 26642065

Bedrooms 4

Year Built 1956

Lot Size 0.335 Acres

Acres 0.3475

Property Sub-Type Multi-Family

Property Description

6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.

Location

State CA

County Los Angeles

Area Pasadena Se

Zoning LCR4YY

Rooms

Other Rooms None

Interior

Heating Heat Pump, Electric

Cooling Wall Unit(s)

Equipment Dishwasher, Ceiling Fan, Refrigerator, Range/Oven, Microwave

Exterior

Parking Features On street, Driveway Gate, Side By Side, Assigned, Driveway - Concrete

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

Name
Phone*
Message

Go tour this home

276 S Sierra Madre Blvd