Property Description

Presenting the Fremont Apartments, an incredible value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.

Features
: Community
0
: Sidewalks, Park, Foothills, Urban, Valley
Additional Information
Triqor Group
0
PTOLFGAR
PB7936
Gary
5319023001
: Standard
32

Multi-Family For Sale

1601 Fremont Avenue, South Pasadena, California 91030

6,695 Sqft
$2,700,000
Listing ID #PW21184126
Basic Details
Status : Active under contract
DaysOnMarket : 41
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW21184126
Price : $2,700,000
Living Area : 6,695 Sqft
Lot Size : 16,308 Sqft
Year Built : 1949
Country : US
State : California
County : Los Angeles
City : South Pasadena
Zipcode : 91030
Price Per Square Foot : $403
ModificationTimestamp : 2021-09-29 16:35:16
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