Sold: Feb 09, 2022
Listing Provided Courtesy Of:
Gary Tolfa with Triqor Group -
Address
1601 Fremont Avenue, South Pasadena, CA
Price
$ 2,700,000
Property Attributes
  • MLS#PW21184126
  • TypeIncome
  • CountyLOS ANGELES
  • CitySouth Pasadena
  • Zip91030
  • Style
  • Price$ 2,700,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage6695
  • Lot Size0.37438 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Presenting the Fremont Apartments, an incredible 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 large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91030

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