Courtesy of Gary Tolfa, Triqor Group,

617 Mound Avenue

South Pasadena, CA, 91030

$3,500,000

$595 per ft²
$3,500,000
$595 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
5,882 ft²
property_type
Multi-family
calendar
Built 1960
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.
MLS ID:
PW21253352
Listed:
11/21/21
Updated:
1/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
10,790 ft² lot
Lot Details
Rectangular Lot
Sewer
Septic Tank

Other Property Details

Area Name
658 - So. Pasadena
HOA Amenities
Foothills, Sidewalks, Urban
Attached Garage
No
Parking
N
Parking Total
15.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
SPR310000*

Property History

Date
Event
Price
Value
12/8/21
Active Under Contract
-
-

 

Courtesy of Gary Tolfa, Triqor Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 1/29/22. 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.

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Data last updated 4:50 AM UTC, 1/29/22

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