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202 E Sacramento Street

Altadena, CA 91001
  • $3,400,000
  • STATUS: Active
  • ON SITE: 223 Days
  • ID#: SB22226498
$3,400,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Mario Gandara of W&D Real Estate Investments (310-562-0324) and Dante Underwood of Assurant Properties((626) 327-0977)


Description

196-202 E. Sacramento street is a ten unit building with all 2 bed / 2 bath units. The asset offers 7,280 square feet sitting on a 21,078 square foot lot.Built in 1985, this property has 16covered parking spaces with room for more. The property also boasts of a large yard for the tenants to enjoyCurrently the rents are well below market. There is over 90% upside in the rents making it an ideal value add opportunity. The large lot allows for a new owner to come in and add additional value to the property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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/134132574
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202 E Sacramento Street Altadena, CA 91001

  • Price: $3,400,000
  • Status: Active
  • On Site: 223 Days
  • ID#: SB22226498
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1985
Built
Neighborhood:
604 - Altadena
County:
Los Angeles
Area:
604 - Altadena
Property Description
196-202 E. Sacramento street is a ten unit building with all 2 bed / 2 bath units. The asset offers 7,280 square feet sitting on a 21,078 square foot lot.Built in 1985, this property has 16covered parking spaces with room for more. The property also boasts of a large yard for the tenants to enjoyCurrently the rents are well below market. There is over 90% upside in the rents making it an ideal value add opportunity. The large lot allows for a new owner to come in and add additional value to the property.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 11 Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Cap Rate 2.61 Common Interest Community Apartment Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 174132 Gross Scheduled Income 174132 Insurance Expense 2500 Land Lease YN Yes Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 82041 New Construction YN No Number Of Separate Gas Meters 11 Number Of Separate Water Meters 2 Operating Expense 86867 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1800 Water Sewer Expense 3500 Water Source Public Zoning Lcr2yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Mario Gandara of W&D Real Estate Investments (310-562-0324) and Dante Underwood of Assurant Properties((626) 327-0977)