1115 Hope St, South Pasadena, CA 91030

Charming 4-unit Value Add deal in a superb location with Significant Rental Upside

Walk Score 93, Demographics ±$139k within a mile,

next to Mission St Downtown South Pasadena, South Pasadena School District

INVESTMENT HIGHLIGHTS

• SUPERB LOCATION NEXT to South Pasadena Mission St Downtown district, walk to dining, shopping, coffee shops, City Hall, library, Farmer’s Market, Metro Gold Line station, etc.
• Average household income of ±$139,907 within a mile radius
• Walk score of 93!
• Rental income is significantly below market
• South Pasadena School District – Considered as one of the best public-school system in the State of California
• Minutes away to FWY 110, Old Town Pasadena, Huntington Hospital, and FWY 210
• High barriers to entry submarket with extremely limited inventory and high demand for apartments for sale; High rent growth and low vacancy rate area
• Can be purchased with an exceptionally low interest rates (possibly below 3.5% with 30-year fixed – buyer to verify)
• Significant rental upside potential: under AB1482 only which allows maximum rent increase per year

PROPERTY HIGHLIGHTS

• Beautiful and large 4-unit with an excellent curb appeal in the heart of South Pasadena!
• Back unit is a house with private yard and attached garage
• Large and bright units with good layout
• 2 units have recently replaced water heater, 1 unit has been completely upgraded
• Each unit is separately metered for electricity and gas, detached car garage space
• Ample parking with total of 6 spaces (2 are tandem)
• Many recent capital improvements completed