We are pleased to present for sale this fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income.

The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper plumbing and W/D inside units to name a few. Some units have updated windows, dishwashers, tank-less water heaters and stainless steel appliances. The unit mix consists of one, large 2 Bed + 2 bath unit; one 2 Bed + 1 bath unit; two 1 Bed + 1 bath units and 2 Studio + 1 bath units. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and newer Air Conditioners.

Given their location and look these apartments have a strong history of renting quickly and at top rents. There are six on-site, parking spaces with wall storage cabinets for tenants. The SOFT-STORY RETROFIT HAS BEEN COMPLETED and the property is equipped with a full sprinkler system. Sepa rately metered for electricity and gas and each unit has their own water heater. ATTRACTIVE ASSUMABLE FINANCING AT 3.15% INTEREST. This can be purchase separately or together with the next door, 9 unit property at 664 Mira Monte Pl., MLS# 24-413665. A rare offering for one or two properties that have been well updated and meticulusly managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.

Request Information
on 142 S El Molino Ave
in Pasadena, CA
Presented by Alexander Metaxas at
Realty Investment Advisors, Inc.


Property MLS #24-413263 from TheMLSCLAW

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+ Bedrooms

Bedrooms: 6

+ Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

+ Heating and Cooling

Cooling Features: Wall Unit(s), Central
Heating Features: Central

+ Land Info

Lot Size Acres: 0.1584022
Lot Size Dimensions: 46x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6900

+ Garage and Parking

Garage Description: Covered Parking
Parking Total: 6

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 2
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 2895, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2795, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2495, 4 BathsTotal: 1, 4 SquareFeet: 1950

+ Rental Info

Tenant Pays: Gas, Electric

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.27
Directions: South on El Molino Ave, between Green St and Cordova St.
Source Property Type: Residential Income
Area: Pasadena SE
Source Neighborhood: Pasadena SE
Owner Pays: Water
Parcel Number: 5734-023-031
Zoning: PSC-
Source System Name: C2C
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Listed 2024-07-10
$2525000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 107913

+ Building and Construction

Total Square Feet Living: 5103
Year Built: 1963
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 61
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

+ Home Features

Other Equipment: Washer, Dryer, Dishwasher, Range/Oven, Refrigerator
Security Features: Fire Sprinklers

+ Display Complete School Details

McKinley School is a public elementary and middle school located approximately 0.3 miles away.
Map directions

Blair High School is a public middle and high school located approximately 1.3 miles away.
Map directions

Pasadena First United Methodist is a private elementary school located approximately 0.3 miles away.
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