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1221 S Hacienda Blvd

Hacienda Heights, CA 91745

1 626 427 0786

kris@theapartmentdealer.com

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20 Units in South Pasadena

617 Prospect Ave, South Pasadena, CA 91030, USA
Sold For$6,700,000$335,000/Per Unit

Description

SALE PRICE: $6,700,000 (All-Cash Purchase)

BUYER’S STORY

The buyers made contact with our team as they were looking to diversify their financial portfolio by purchasing their first multi-family investment property. Their criteria consisted of purchasing a property close to their home in the San Gabriel Valley, in a city with no rent local control ordinance, and a property that offered significant growth potential.

HOW DID WE DO IT?

  • Kris & Alex Represented The Buyer
  • Our Client Competed Against Multiple Buyers Represented By Outside Brokers
  • Successfully Negotiated Significant Reduction in Price on the Buyer’s Behalf After Initial inspection
  • Final Purchase Price $6,700,000 (Only $335,000 Per Unit!!!)

PROPERTY HIGHLIGHTS

  • Excellent Unit Mix:
    • (16) 2 Bed / 1.5 Bath Townhouse Units
    • (1) 3 Bed / 2 Bath
    • (2) 1 Bed / 1.5 Bath
    • (1) 1 Bed / 1 Bath Units
  • 21,664 Rental Sq. Ft. | 23,138 Sq. Ft. Lot
  • Tenants Enjoy: Balconies and Patios, On-Site Covered Garage Parking, Laundry and Storage Units
  • Extremely Sought After Rental Location With Outstanding Schools and Public Services
  • Address: 617 Prospect Ave
  • City: South Pasadena
  • State/county: California
  • Zip/Postal Code: 91030
  • Country: United States

Detail

Updated on June 11, 2024 at 1:22 pm

  • Price: Sold For $6,700,000
  • Property Size: 21664 SqFt
  • Land Area: 23138 SqFt
  • Year Built: 1963
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 20
  • Unit Mix: 1 (3+2), 16 (2+1.5), 2 (1+1.5), 1 (1+1)
  • Zoning: SPR310000*
  • We Represented: Buyer
  • Close of Escrow: 06/04/2024

WalkScore

walkscore91 / Walker's Paradise more details here

Contact info

Kristopher German
Kristopher German
(626) 427-0786
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