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20 Units in South Pasadena

Just SoldSold

617 Prospect Ave, South Pasadena, CA 91030, USA

Sold For$6,700,000$335,000/Per Unit

Just Sold, Sold

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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