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    1421 N Fair Oaks Avenue

    Pasadena, CA 91103
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 65 days
    • ID#: PW21031533
    Under Contract
    $1,450,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,439
      SQFT
    • $595
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1885
    County:

    School Ratings & Info

    Description

    1421 N Fair Oaks is a 5-unit apartment in the City of Pasadena, California delivered vacant. The property is situated on a large lot size of 13,869 square feet lot (PSR*) which provides buyers the options for future development.The property is located just a 6-minute commute to Old Town Pasadena and offers access to all amenities the City of Pasadena has to offer. Bountiful open parking is available to the tenants. The attractive unit mix consists of one -2bed+1bath unit, three- 1bed+1bath units, and one studio unit. All units are turn-key and most have never been lived in. Most of the units have been completely remodeled. The property has brand new HVAC, plumbing & Electrical. This is a well-located deal, completely upgraded and ready for move-in.Currently, the property currently is master leased to an operator for $8,200 a month and the tenant covers all utilities excluding property taxes and insurance but will be delivered free of any tenants to a new buyer. Please contact the listing agent for more information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T00:27:13.917. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/114260468
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    1421 N Fair Oaks Avenue Pasadena, CA 91103

    • Price: $1,450,000
    • Status: Active Under Contract
    • ID#: PW21031533
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,439
    SQFT
    $595
    $/SQFT
    1885
    Built
    Neighborhood:
    645 - Pasadena (NW)
    County:
    Los Angeles
    Area:
    645 - Pasadena (NW)
    Property Description
    1421 N Fair Oaks is a 5-unit apartment in the City of Pasadena, California delivered vacant. The property is situated on a large lot size of 13,869 square feet lot (PSR*) which provides buyers the options for future development.The property is located just a 6-minute commute to Old Town Pasadena and offers access to all amenities the City of Pasadena has to offer. Bountiful open parking is available to the tenants. The attractive unit mix consists of one -2bed+1bath unit, three- 1bed+1bath units, and one studio unit. All units are turn-key and most have never been lived in. Most of the units have been completely remodeled. The property has brand new HVAC, plumbing & Electrical. This is a well-located deal, completely upgraded and ready for move-in.Currently, the property currently is master leased to an operator for $8,200 a month and the tenant covers all utilities excluding property taxes and insurance but will be delivered free of any tenants to a new buyer. Please contact the listing agent for more information.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 5.08 Common Interest None Community Features CurbsStorm Drain(S)Street LightsSidewalksUrban Electric Expense 1200 Fuel Expense 0 Garage YN No Gross Income 117600 Gross Scheduled Income 117600 Insurance Expense 854 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 78882 New Construction YN No New Taxes Expense 18450 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 35190 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 500 Water Sewer Expense 3000 Water Source Public Zoning Psr*

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T00:27:13.917. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
     
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