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(323) 864-4211
Linda Roth Burrell
276 S Sierra Madre Blvd, Pasadena, CA 91107
- $5,500,000
- 4
- BD
- 22
- BA
- 8,884
- SqFt
- Sold Price
- $5,500,000
- List Price
- $5,585,000
- Closing Date
- May 08, 2026
- MLS#
- 26642065
- Year Built
- 1956
- Bedrooms
- 4
- Bathrooms
- 22
- Living Sq. Ft
- 8,884
- Lot Size
- 14,600
- Days on Market
- 76
- Property Type
- Multifamily
- Stories
- 2
Property Description
6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.
Additional Information
- Other Buildings
- None
- Heat
- Heat Pump, Electric
- Cooling
- Wall Unit(s)
- Number of Cars in Garage
- On street, Driveway Gate, Side By Side, Assigned, Driveway - Concrete
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Courtesy of Realty Investment Advisors, Inc., Alexander Metaxas - CA DRE#01784652 Selling Office: .
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