Homes for sale - 276 S Sierra Madre BLVD, Pasadena, CA 91107

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Rachell Lara

rachell@laraandco.com +1(619) 316-7445

$ 5,875,000

Est. payment | -/mo

4 Beds

22 Baths

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$ 5,875,000

Est. payment | -/mo

Save

4 Beds

22 Baths

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25626927

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1956

Property Description

TURN-KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on-site gated parking, offering a low-maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass-thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1-bed + 1-bath units and 18 well-designed singles, totaling approximately 8,884 SF (per appraiser) of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride-of-ownership asset in a supply-constrained submarket.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning LCR4YY

Interior

Interior Features Chair Rail, Ceiling Fan(s), Crown Molding, Recessed Lighting

Heating Heat Pump

Cooling Electric, Heat Pump, Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Gated, On Street

Community Features Gated

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5330001007

Security Features Security Gate,Gated Community

Financing Cash

Special Listing Condition Standard

Listed by Alexander Metaxas Realty Investment Advisors, Inc.

+1(619) 316-7445

rachell@laraandco.com

1420 Kettner Blvd. # 100, Diego, CA, 92101, USA

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