266 Thorne Street

    Highland Park, CA 90042
    • $1,885,000
    • STATUS: Active
    • ON SITE: 223 days
    • ID#: PF19052528
    UPDATED: 79 min ago
    $1,885,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,477
      SQFT
    • $542
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on quiet Cul de Sac tree lined street just across the bridge on the South Pasadena border in Garvanza area. Totally Remodeled in 1989 and renovated 5 years ago again. Well Kept building with updated tiled kitchens and baths. Separately metered for gas, electric, water & trash which is paid by tenants. There are 6 separate water heaters for the units. Easy to rent with USC professionals and university graduate students since freeway convenient and minutes to downtown LA and Pasadena. Extra Large 1 bedroom (Unit A) upstairs has tree Views, Fireplace, Crown moldings, Air Conditioning, stackable washer & dryer and an entry staircase enclosed in the apartment making it unique and artsy. All units except one have private washers & dryers. 4 units have window air conditioners. . Unit E upstairs is also extra large. Unit F rent is lower only because that tenant is compensated for looking after the building. Most units have either Bamboo flooring or laminate. Unit B ( large studio almost as big as a one bedroom) was just totally remodeled with brand new kitchen cabinets, new shower, new appliances, new wood looking waterproof vinyl flooring. Small Patio areas in the back and front of the building are geared for tenant relaxation This is a place where you would want to live yourself. Please see supplement for more information or call.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/92625460

    266 Thorne Street Highland Park, CA 90042

    • Price: $1,885,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: PF19052528
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,477
    SQFT
    $542
    $/SQFT
    1989
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on quiet Cul de Sac tree lined street just across the bridge on the South Pasadena border in Garvanza area. Totally Remodeled in 1989 and renovated 5 years ago again. Well Kept building with updated tiled kitchens and baths. Separately metered for gas, electric, water & trash which is paid by tenants. There are 6 separate water heaters for the units. Easy to rent with USC professionals and university graduate students since freeway convenient and minutes to downtown LA and Pasadena. Extra Large 1 bedroom (Unit A) upstairs has tree Views, Fireplace, Crown moldings, Air Conditioning, stackable washer & dryer and an entry staircase enclosed in the apartment making it unique and artsy. All units except one have private washers & dryers. 4 units have window air conditioners. . Unit E upstairs is also extra large. Unit F rent is lower only because that tenant is compensated for looking after the building. Most units have either Bamboo flooring or laminate. Unit B ( large studio almost as big as a one bedroom) was just totally remodeled with brand new kitchen cabinets, new shower, new appliances, new wood looking waterproof vinyl flooring. Small Patio areas in the back and front of the building are geared for tenant relaxation This is a place where you would want to live yourself. Please see supplement for more information or call.
    Exterior Features

    Architectural Style Craftsman Fence YN Yes Fencing Wrought Iron Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Appraiser Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Roof Composition

    Interior Features

    Appliances Gas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring LaminateTile Heating Wall Furnace Heating YN Yes Interior Features Tile Counters Laundry Features InsideSee RemarksWasher HookupWasher Included Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 4.46 Community Features SidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 660.00 Gross Income 95410.00 Gross Scheduled Income 120000.00 Inclusions 6 Refrigerators6 Stoves Insurance Expense 2026.00 Land Lease YN No Laundry YN Yes Licenses Expense 507.00 Net Operating Income 108667.00 New Construction YN No New Taxes Expense 20735.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 11333.00 Present Loans 0 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Garvanza Tenant Pays All UtilitiesCable TvElectricityGasTelephoneTrash CollectionWater Total Expenses 32068.00 Trash Expense 4709.00 Water Source Public Year Built Source Seller

    Listing provided courtesy of Christina Dreyer of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 RE/MAX Masters. Licensed in the State of California, USA.
     
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