Property Details
About this Property
We are pleased to present Sharlotte Apartments, a 16-unit apartment community in Pasadena, CA. This property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with balconies/patios, gated entry, covered parking, individual gas and electric meters, and a sparkling pool. The building has undergone several exterior upgrades such as soft story retrofitting, reinforced balconies & decks, all new windows, new electric panels, and a new roof (2021). The interiors have been tastefully renovated with granite countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring or new carpet, and upgraded bathrooms. This multigenerational asset has been meticulously maintained throughout ownership and is on the market for the first time in 48 years. With strong in-place rents, the property generates a current cap rate of 5.6%, 7.1% with market rents, offering an investor roughly 20% upside in rental income. This trophy asset is ideal for investors seeking a well-maintained, well-located turnkey asset with upside potential and no differed maintenance.
MLS Listing Information
MLS #
CRPW24242697
MLS Source
California Regional MLS
Days on Site
20
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
780 Earlham St is a Residential Income in Pasadena, CA 91101. This – square foot property sits on a 16,801 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,600,000 and was built in 1964. This address can also be written as 780 Earlham St, Pasadena, CA 91101.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Ryan Loria
