937 E California Boulevard

    Pasadena, CA 91106
    • $4,950,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: SR19143938
    UPDATED: 51 min ago
    $4,950,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,940
      SQFT
    • $833
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    The Pasadena Bungalows are an immaculately renovated 11-unit apartment community located in Pasadena, California. Set amid lush surroundings on a 14,038 square foot lot, the 5,940 square foot property offers one bedroom apartment homes. This stunning early 1920+GGs restored craftsman bungalow community has vaulted ceilings with exposed beams. Nestled on quaint lot between Lake and Cal Tech, this property offers a superb rental location.Highlights:Phenomenal LocationCompletely renovatedNew Copper PlumbingNew ElectricalNew Hardscape & LandscapeNew Central AC and HeatTurnkey InvestmentAmenities:Hardwood floorsStainless Steel Samsung RangesQuartz countersDishwashersWasher and Dryer in each unitPatios/Side YardsPrivate Storage Units

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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/96048785

    937 E California Boulevard Pasadena, CA 91106

    • Price: $4,950,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: SR19143938
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    5,940
    SQFT
    $833
    $/SQFT
    1923
    Built
    Neighborhood:
    647 - Pasadena (SW)
    County:
    Los Angeles
    Area:
    647 - Pasadena (SW)
    Property Description
    The Pasadena Bungalows are an immaculately renovated 11-unit apartment community located in Pasadena, California. Set amid lush surroundings on a 14,038 square foot lot, the 5,940 square foot property offers one bedroom apartment homes. This stunning early 1920+GGs restored craftsman bungalow community has vaulted ceilings with exposed beams. Nestled on quaint lot between Lake and Cal Tech, this property offers a superb rental location.Highlights:Phenomenal LocationCompletely renovatedNew Copper PlumbingNew ElectricalNew Hardscape & LandscapeNew Central AC and HeatTurnkey InvestmentAmenities:Hardwood floorsStainless Steel Samsung RangesQuartz countersDishwashersWasher and Dryer in each unitPatios/Side YardsPrivate Storage Units
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Garden Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 540 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One AboveNo One Below Laundry Features Dryer IncludedWasher Included Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.43 Community Features SidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 1900.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1800.00 Gross Income 322200.00 Gross Multiplier 15.36 Gross Scheduled Income 322200.00 Insurance Expense 3850.00 Land Lease YN No Laundry YN Yes Licenses Expense 250.00 Maintenance Expense 8910.00 Net Operating Income 219449.00 New Construction YN No New Taxes Expense 61875.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 93085.00 Other Expense 1100.00 Other Expense Description Misc. Pest Control Expense 600.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 93085.00 Trash Expense 4800.00 Water Sewer Expense 8000.00 Water Source Public Year Built Source Public Records Zoning Psc-

    Listing provided courtesy of Warren Berzack of Lee & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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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