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    437 N Chester Avenue

    Pasadena, CA 91106
    • $5,750,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: PW21015797
    $5,750,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,368
      SQFT
    • $430
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world-famous Rose Bowl Game. Pasadena is ideally located near the 210, 134, & 110 Freeways offering residents easy access to all parts of Los Angeles County.This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one-bedroom/one-bathroom units & (8) two-bedroom/ two-bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios & balconies, and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity. *For Sale by Original Owner/Developer, *Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans, *1989 Constructions, *Ideal Location Near Old Pasadena, Downtown, Pasadena City College & Rose Bowl, *New Pitched Roof, * Tremendous Upside in Rents

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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/113606692
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    437 N Chester Avenue Pasadena, CA 91106

    • Price: $5,750,000
    • Status: Active
    • ID#: PW21015797
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    13,368
    SQFT
    $430
    $/SQFT
    1989
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world-famous Rose Bowl Game. Pasadena is ideally located near the 210, 134, & 110 Freeways offering residents easy access to all parts of Los Angeles County.This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one-bedroom/one-bathroom units & (8) two-bedroom/ two-bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios & balconies, and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity. *For Sale by Original Owner/Developer, *Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans, *1989 Constructions, *Ideal Location Near Old Pasadena, Downtown, Pasadena City College & Rose Bowl, *New Pitched Roof, * Tremendous Upside in Rents
    Exterior Features

    Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 18 Parking Total 26 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3.7 Common Interest None Community Features CurbsStorm Drain(S)Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 2400 Gross Scheduled Income 334800 Insurance Expense 5304 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 16740 Net Operating Income 216186 New Construction YN No New Taxes Expense 63119 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 108570 Other Expense 13535 Pest Control Expense 600 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 10044 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Psr4

    Listing provided courtesy of Doug Rodermund of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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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