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
$ 2,200,000
Est. payment | /mo
6 Beds
6 Baths
2,816 SqFt
$ 2,200,000
Est. payment | /mo
6 Beds
6 Baths
2,816 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $781
MLS Listing ID 26640169
Bedrooms 6
HOA Y/N No
Year Built 1941
Lot Size 0.252 Acres
Property Description
We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR3
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5748016029
Special Listing Condition Standard
Listed by John Boyett CBRE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "