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    934 N Lake Ave , #2

    Pasadena, CA 91104
    • $1,650,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 20-644230
    UPDATED: 31 min ago
    $1,650,000
    • 7
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,696
      SQFT
    • $446
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    We are proud to present these 6 units located at 934 N Lake Avenue in Pasadena, California. Built in 1953, the property sits on 9,247 square feet of land with 3,696 square feet of rentable area and consists of (5) 1-Bed/1-Bath and (1) 2-Bed/1-Bath units. The property offers investors the possibility to renovate all the units and capture the significant upside in rents. Unit #2, which was the owner's unit, will be delivered vacant at the close of escrow. Although the rents are significantly below market, the property is well maintained with no significant deferred maintenance, including the fact that this property does not need seismic retrofitting. Additionally, each unit has above average size floor plans, and each unit has their own water heater.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-25T08:42:19.703. 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.
    www.trulinerealty.com/homes/110841879
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    934 N Lake Ave , #2 Pasadena, CA 91104

    • Price: $1,650,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 20-644230
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,696
    SQFT
    $446
    $/SQFT
    1953
    Built
    Neighborhood:
    Pasadena Ne
    County:
    Los Angeles
    Area:
    Pasadena Ne
    Property Description
    We are proud to present these 6 units located at 934 N Lake Avenue in Pasadena, California. Built in 1953, the property sits on 9,247 square feet of land with 3,696 square feet of rentable area and consists of (5) 1-Bed/1-Bath and (1) 2-Bed/1-Bath units. The property offers investors the possibility to renovate all the units and capture the significant upside in rents. Unit #2, which was the owner's unit, will be delivered vacant at the close of escrow. Although the rents are significantly below market, the property is well maintained with no significant deferred maintenance, including the fact that this property does not need seismic retrofitting. Additionally, each unit has above average size floor plans, and each unit has their own water heater.
    Exterior Features

    Lot Size Area 9247 Other Structures Other Parking Garage None Total Parking 7

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 330236 Gross Income 84084 Gross Operating Income 84084 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 46105.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37979 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Psc-

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-25T08:42:19.703. 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.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211