Pasadena, CA 91107,87 El Nido AVE
Pasadena, CA 91107,87 El Nido AVE
Pasadena, CA 91107,87 El Nido AVE
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$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

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CRMLS – RECore
Listed by John Boyett CBRE
Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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