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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,200,000

Est. payment - /mo

6 Beds

6 Baths

2,816 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,816 sqft

Price per Sqft $781

MLS Listing ID 26640169

Bedrooms 6

HOA Y/N No

Year Built 1941

Lot Size 0.252 Acres

Property Description

We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR3

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5748016029

Special Listing Condition Standard

Read Less Info

Listed by John Boyett CBRE

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Valentine Elementary School

Public | KG - 5
10

Holly Avenue Elementary School

Public | KG - 5
9

Carver Elementary School

Public | KG - 5
9

Sierra Madre Elementary School

Public | PK - 5
9

Baldwin Stocker Elementary School

Public | KG - 5
8

Garfield Elementary School

Public | KG - 8
8

Wilson Elementary School

Public | KG - 5
8

Emperor Elementary School

Public | KG - 6
8

Field (Eugene) Elementary School

Public | KG - 5
8

Longden Elementary School

Public | KG - 6
8

Cloverly Elementary School

Public | 4 - 6
7

Hamilton Elementary School

Public | PK - 5
7

Washington Elementary School

Public | KG - 5
7

Hugo Reid Elementary School

Public | KG - 5
6

Coolidge Elementary School

Public | KG - 5
6

Daniel Webster Elementary School

Public | PK - 5
6

Don Benito Fundamental School

Public | PK - 5
5

Longfellow Elementary School

Public | PK - 5
5

Norma Coombs Elementary School

Public | KG - 5
5

Willard Elementary School

Public | PK - 5

Middle Schools 14

9

Huntington Middle School

Public | 6 - 8
9

Oak Avenue Intermediate

Public | 7 - 8
8

Marshall Fundamental

Public | 6 - 12
8

Sierra Madre Middle School

Public | 6 - 8
7

Jefferson Middle School

Public | 6 - 8
4

Wilson Middle School

Public | 6 - 8
2

Charles W. Eliot Arts Magnet Academy

Public | 6 - 8
1

Opportunities for Learning - Baldwin Park II

Public | 7 - 12
1

Opportunities for Learning - Santa Clarita

Public | 7 - 12
0

Southwestern Academy

Private | 6 - 12
0

Excelsior School

Private | 8 - 12
0

The Peace & Justice Academy

Private | 6 - 12
0

Learning Works

Public | 7 - 12
0

Rosemary School

Private | 8 - 12

High Schools 8

10

San Marino High School

Public | 9 - 12
9

Temple City High School

Public | 9 - 12
6

Pasadena High School

Public | 9 - 12
0

Rose City High (Continuation)

Public | 9 - 12
0

Agbu Vatche and Tamar Manoukian High School

Private | 9 - 12
0

Agbu Vatche & Tamar Manoukian High School

Private | 9 - 12
0

La Salle High School

Private | 9 - 12
0

Alverno High School

Private | 9 - 12

School and business data provided by Attom Data.

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87 El Nido AVE Pasadena, CA 91107