8
$371.50
$311,875
4.37%
15.26
6.06%
11.95
The LAAA Team of Marcus & Millichap is proud to present these 8 units located at 790 Earlham Street in Pasadena, California. Built in 1963, the property sits on 10,081 square feet of land with 6,716 square feet of rentable area and consists of 2- one bed / one bath and 6- two bed / two bath units.
The Seller has completely redone the roof this year with warranty and replaced it with state-of-the-art POLYGLASS roof membrane. In 2015, 30 new windows were installed in total, encompassing all units. The property features ample on-site gated carport parking, tenant storage, on-site laundry facilities, spacious balconies, spacious units and a community hangout area complete with picnic tables. There are 2 commercial grade frontload washer and dryers on-site that are owned by the landlord allowing for additional income. The property is entirely gated and equipped with modern intercom technology and all balconies have privacy shades installed.
With a Walk Score of 86, the property is ideally located in a quiet and desirable, tree-lined location proximate to the 210 freeway, minutes from The Carnegie Observatories and less than two miles from the world class dining, shopping and entertainment of Old Town Pasadena, The Paseo and The Shops on Lake Avenue.
This investment has been meticulously maintained allowing a savvy investor to capture the upside by updating and modernizing the units to achieve top market rents.