55 Arlington Drive

LOS ANGELES

 

$3,790,000

 
 
 
 

8

UNITS

$473,750

PRICE/UNIT

$522

PRICE/SQ FT

4.08%

CAP

16.58

GRM

4.52%

PRO FORMA CAP

15.39

PRO FORMA GRM
 

LAAA is pleased to present this 8 unit apartment building located at 55 Arlington Drive in Pasadena, California. Built in 1948 and completely rehabbed throughout in 2016, the offering consists of extremely large units with a mix of 5 one-bedroom/one-bathroom, 1 two-bedroom/one bathroom and 2 two-bedroom/two-bathroom units. The property is situated on a 14,627-square foot lot with 7,248-square feet of gross rentable area. Known as the original Budweiser-Busch Stable building, the now converted property offers tenants convenience proximate to all dining, entertainment, transportation, nightlife and other amenities. This investment offering provides a savvy investor the opportunity to own a truly turnkey property in a strong and centrally located rental pocket of Pasadena.

 
 
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Edward Chao

ASSOCIATE

O: (818) 212-2808

M: (818) 271-8006

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