715 Prospect Avenue

    South Pasadena, CA 91030
    • $7,775,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: WS18248378
    UPDATED: 59 min ago
    $7,775,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,426
      SQFT
    • $381
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Property consist of 19 Units (one studio unit, 8 one bedroom/1 bath, 6 two bedroom/2 bath, 4 three bedroom/2 bath). 95% of units have been fullyrenovated. Updated units have laminate and tile flooring, new kitchen include new cabinets, granite countertops and new appliances, Bathrooms withnew vanities, toilets, bathtubs and hardware. Located adjacent to San Marino and Pasadena. Convenient to Huntington Hospital, California Institute ofTechnology, Old Town Pasadena and easy access to 110 Freeway. Units have separate water heaters.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T23:31:30.07. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.debonishomes.com/homes/88425713

    715 Prospect Avenue South Pasadena, CA 91030

    • Price: $7,775,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: WS18248378
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    20,426
    SQFT
    $381
    $/SQFT
    1963
    Built
    Neighborhood:
    658 - So. Pasadena
    County:
    Los Angeles
    Area:
    658 - So. Pasadena
    Property Description
    Property consist of 19 Units (one studio unit, 8 one bedroom/1 bath, 6 two bedroom/2 bath, 4 three bedroom/2 bath). 95% of units have been fullyrenovated. Updated units have laminate and tile flooring, new kitchen include new cabinets, granite countertops and new appliances, Bathrooms withnew vanities, toilets, bathtubs and hardware. Located adjacent to San Marino and Pasadena. Convenient to Huntington Hospital, California Institute ofTechnology, Old Town Pasadena and easy access to 110 Freeway. Units have separate water heaters.
    Exterior Features

    Architectural Style Traditional Construction Materials Drywall WallsStucco Fence YN Yes Fencing Block Garage Spaces 0.00 Lot Features 0-1 Unit/AcreLandscapedLawnLevel With StreetLot 20000-39999 SqftNear Public TransitWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarport AttachedDriveway Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Maintained Roof Asphalt Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DishwasherFree Standing RangeGarbage Disposal Appliances YN Yes Average Studio Area 555 Average Studio Area Units Square Feet Average1 Bed Area 805 Average1 Bed Area Units Square Feet Average2 Bed Area 1255 Average2 Bed Area Units Square Feet Average3 Bed Area 1475 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Combination Heating YN Yes Interior Features Ceiling Fan Laundry Features Community Levels Two Room Type All Bedrooms DownKitchenLiving Room Window Features Blinds

    Property Features

    Accessibility Features Doors - Swing InNo Interior Steps Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet Lighting Country Us Electric Expense 2198.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 3000.00 Gross Income 455520.00 Gross Operating Income 441854.00 Gross Scheduled Income 455520.00 Insurance Expense 7149.00 Land Lease YN No Laundry Income 3600.00 Laundry YN Yes Licenses Expense 362.00 Maintenance Expense 11400.00 Net Operating Income 273777.00 New Construction YN No New Taxes Expense 86647.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number With Dishwasher 19 Number With Disposal 19 Number With Range 19 Operating Expense 168077.00 Operating Expense Percent 3.67 Other Expense 27232.00 Pest Control Expense 720.00 Professional Management Expense 17674.00 Property Condition Turnkey Property Sub Type Apartment Rent Control YN No Security Features Resident ManagerSmoke Detector Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 168077.00 Trash Expense 1695.00 Utilities Cable AvailableElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 13666 Vacancy Allowance Rate 3.00 Water Sewer Expense 10000.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Lucinda Don of Don Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T23:31:30.07. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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