Exclusive Listings

Pasadena- 5 Unit, Value-Add, Low Price per unit!

Address:
3201 Del Vina St
Pasadena, CA 91107
Price:
$980,000
Status:
Available
Type:
Apartment
# Units:
5
Year Built:
1941
Building Size:
2,088
Lot Size:
5,535
CAP Rate:
4.64
GRM:
13.02x
Price/Unit:
196,000
Price/SqFt:
469

Highlights

  • Great Value Add Opportunity with +/-35% Rental upside on existing
  • Vacant SFR ready for immediate renovation
  • 5 Units priced less than recent SFR sales in the area
  • Very few apartments in this immediate area
  • Bite sized units in the back provide for operational efficiency
  • Master metered for all utilities
  • Walking distance to shops at Hastings Ranch including Best Buy, Pet Smart, Handel’s, Nordstrom Rack, and Dicks Sporting Goods as well as Whole Foods Market
  • Less than 1 mile walk to Sierra Madre Villa Metro Stop


Summary

Growth Investment Group Pasadena are pleased to present 3201 Del Vina St, which consists of 5 units including a SFR in the front and 4 additional units in the back. This unique Pasadena 5 Unit, true value-add investment opportunity is in the heart of the desirable Hastings Ranch community! This property is surrounded by nice Single family residential properties and available for the next owner to renovate the front house. Per the assessor the property is 5 units, with 3 bedrooms and 5 bathrooms, but the property appears as a traditional SFR from the front. It could be a great opportunity for an extended family or new investor to move into the house while collecting rental income from the guest units in the back! The property has +/-35% rental upside and an opportunity to enter a market with a limited supply of deals available in the $1M range. This property is priced to sell! Property is being sold as is where is so bring your paintbrush! 


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
1487 E Colorado Blvd
Pasadena, CA 91106
By Appointment Only - No Walk-ins
Phone: 626.594.4901
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