South Pasadena, CA 91030,617 Mound AVE
South Pasadena, CA 91030,617 Mound AVE
South Pasadena, CA 91030,617 Mound AVE
South Pasadena, CA 91030,617 Mound AVE
South Pasadena, CA 91030,617 Mound AVE
South Pasadena, CA 91030,617 Mound AVE
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$3,450,000

$3,500,000

1.4%
Est.Price: ?

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Est. payment /mo

10,789 Sqft Lot


SOLD DATE : 02/07/2022

Key Details

Sold Price $3,450,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW21253352

Sold Date 02/07/22

HOA Y/N No

Year Built 1960

Lot Size 10,789 Sqft

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

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 7

Pool None

Community Features Foothills, Sidewalks, Urban

Total Parking Spaces 15

Private Pool No

Building

Lot Description Rectangular Lot

Sewer Septic Tank

Water Public

New Construction No

Others

Senior Community No

Tax ID 5315001045

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gary Tolfa • Triqor Group
Bought with Gary Tolfa • Triqor Group
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+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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