Bought with Gary Tolfa • Triqor Group
$3,450,000
$3,500,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
617 Mound Avenue South Pasadena, CA 91030
5,882 SqFt
Key Details
Sold Price $3,450,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,882 sqft
Price per Sqft $586
MLS Listing ID CRPW21253352
Year Built 1960
Lot Size 10,790 Sqft
Property Sub-Type Other
Property Description
Pleased to present the opportunity to acquire the Mound Apartments, an excellent pride of ownership & value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of one and two-bedroom units on a 10,790 Sq. Ft lot. The community features ample covered parking (15 total spaces), laundry facility, and solar powered hot water. Mound Apartments also offers an investor the opportunity to build accessory dwelling units on the property. With 5 renovated units, the property has approximately 20% upside in rents leading to a 4.4% cap rate with market rents.
Location
State CA
County Los Angeles
Interior
Laundry Community Facility
Building
Lot Description Other
Water Public
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