59 S Meridith AVE Pasadena, CA 91106

Active

$3,300,000

7 Units

3 Beds

2 Baths

4,952 Area(sq.ft.)

7,930 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	2	2	1	No	$ 7,000	$ 7,000	$ 7,000
Unit 2	5	1	1	No	$ 10,420	$ 10,420	$ 14,000
2	7	9	7		$ 66,100	$ 66,100	$ 84,000

MLS #:	WS24164590MR
Days On Market:	96
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 666
Price per unit:	$ 471,429
Year Built:	1964

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

7 Unit Apartment building in Pasadena, CA located walking distance (1 block away) from Pasadena City College (PCC). 4 units are currently vacant and used as short-term rental (Airbnb). Airbnb business will also be included in the sale (135 reviews at 4.92 rating with Guest Favorite award). Unit mix: 2 x (2B+1B) and 5 x (1B+1B). Laundry room on site with 1 coin operated washer and 1 coin operated dryer (both units owned and included with the sale). New rain gutters recently installed, new facia, new paint, new windows, new plumbing, new electrical panels (3 out of 7 units), drainage updated, 2 new water heaters, refurbished roof (less than 3 years ago). 7 covered parking spots on site (all carports). Excellent location with walk score of 87 and bike score of 75. Most errands can be accomplished on foot and biking is convenient on most trips. Less than 1 mile away from California Institute of Technology (Caltech), 1.1 miles away from Huntington Library, 2 miles away from Pasadena Convention Center and 4.5 miles away from Rose Bowl.