Courtesy of Gary Tolfa, Triqor Group,

1601 Fremont Avenue

South Pasadena, CA, 91030

$2,700,000

$403 per ft²
$2,700,000
$403 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
6,695 ft²
property_type
Multi-family
calendar
Built 1949
Presenting the Fremont Apartments, an incredible 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 large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.
MLS ID:
PW21184126
Listed:
8/18/21
Updated:
1/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.37 acres lot
Lot Details
Corner Lot
Sewer
Unknown

Other Property Details

Area Name
658 - So. Pasadena
HOA Amenities
Foothills, Park, Sidewalks, Urban, Valley
Attached Garage
No
Parking
Carport
Parking Total
8.0
County
Los Angeles
Water Source
See Remarks
Pool
No
Pool Description
None
Zoning
SPR310000*

Property History

Date
Event
Price
Value
9/27/21
Active Under Contract
-
-

 

Courtesy of Gary Tolfa, Triqor Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 1/18/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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