55 Arlington Drive

LOS ANGELES

 

Closed $3,600,000

 
 
 
 

8

UNITS

$450,000

PRICE/UNIT

$496

PRICE/SQ FT

4.35%

CAP

15.75

GRM

4.81%

PRO FORMA CAP

14.62

PRO FORMA GRM
 

LAAA is pleased to present the close of an 8 unit apartment building located at 55 Arlington Drive in Pasadena, California. Built in 1948 and completely rehabbed throughout in 2016, The offering consisted of 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 is 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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