452 E Rio Grande ST Pasadena, CA 91104
Active
$1,790,000
8%
4 Units
8 Beds
4 Baths
3,312 Area(sq.ft.)
7,983 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,000 | $ 2,000 | $ 2,600 |
| Unit 2 | 1 | 2 | 1 | Yes | $ 5,500 | $ 5,500 | $ 6,500 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,950 | $ 1,950 | $ 2,600 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,000 | $ 2,000 | $ 2,450 |
| 4 | 4 | 8 | 4 | $ 11,450 | $ 11,450 | $ 14,150 |
| MLS #: | AR24167775MR |
| Days On Market: | 118 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 540 |
| Price per unit: | $ 447,500 |
| Year Built: | 1961 |
Property Details
Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a prime Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets, tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 5,409 |
| Net Operating Income: | $ 114,000 |
Structure
| Community Features: | Biking, Rural, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR3 |
| Land Lease Type: | Fee |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Dryer, Dryer Included, Washer, Washer Included |
| Heating: | Forced Air |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Washer, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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