Introducing an exciting investment opportunity presented by Southern California Apartment Group, under the guidance of Shant Sherbetdjian! This 4-unit property is strategically located in the heart of Pasadena. This investment holds potential for sustained long-term appreciation in value. Whether you're a seasoned investor looking to diversify your portfolio or a newcomer exploring the real estate landscape, this Pasadena property is a great prospect. Connect with us today for more information on this promising investment!

Transaction Highlights

• Excellent Unit Mix of Spacious 2 Bed + 1 Bath in All Units
• Newer 1979 Construction!
• Situated in a Lovely Pasadena Neighborhood | Short Drive to Pasadena City College
• First Time Being Offered for Sale in 25 Years! | Strong In Place Rents with Rental Upside
• Minutes to Old Town Pasadena and the Many Shops & Restaurants at Paseo Colorado
• Central A/C & Heating | Secured Parking & Entry | Laundry Hook-Ups in Each Unit
• Close to the South Lake Avenue's Shopping District, CalTech, and the Rose Bowl

Investment Highlights

• CLOSED ESCROW AT 100% OF ASKING PRICE
• Sold at an Impressive $425,000 Per Unit | $444.10 Per Square Foot
• Seller Capitalized on Current Market Conditions and Leveraged their 1031 Exchange to Invest in Out-Of-State Properties Alongside Other Investments
• Shant Sherbetdjian had Limited Time to Find the Right Buyer, for The Right Price and Close Escrow at The Right Time!
• Closed Escrow Within 32 DAYS From Acceptance
• Our Team Worked Hand-in-Hand with the Seller for Preparing their Books & Records Items in Time for Buyer's Inspection
• Shant Sherbetdjian's Creative Marketing Platform Generated an Offer Within the First Week of the Listed Date
• Delivering Seller's Investment Property with a 3.84% Cap Rate and 16.22 GRM on Current Rents
• Team Sherbetdjian Assisted Seller with Seeing Through the City of Pasadena's Quadrennial Report (Pre-Sale Inspection Requirement)