135 N Wilson Avenue

    Pasadena, CA 91106
    • $3,898,000
    • STATUS: Active
    • ON SITE: 146 days
    • ID#: WS19227851
    UPDATED: 132 min ago
    $3,898,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,165
      SQFT
    • $477
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Bodkin Company Realtors as the exclusive listing agent, is pleased to present the opportunity to acquire 135 N Wilson Ave a 12 unit multifamily investment property located in Pasadena, CA. Situated on a 10,000 square foot lot, the 8,165 square foot property of 12 units consisting of 8 two-bedroom units, 2 one-bedroom units and 2 Studios and offers 12 covered parking, and on-site laundry.Less than one mile from the Gold Metro Line Pasadena Station and Pasadena City College with convenient access to a variety of grocers, retailers, dining, and entertainment options in down town Pasadena. Residents commute to other cities for work, the subject property+GGs close proximity to Interstate 210 will help to attract a wide variety of renters. Family operated investment with rents far below market rates. Great up side potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/99587702

    135 N Wilson Avenue Pasadena, CA 91106

    • Price: $3,898,000
    • Status: Active
    • Updated: 132 min ago
    • ID#: WS19227851
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    8,165
    SQFT
    $477
    $/SQFT
    1964
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Bodkin Company Realtors as the exclusive listing agent, is pleased to present the opportunity to acquire 135 N Wilson Ave a 12 unit multifamily investment property located in Pasadena, CA. Situated on a 10,000 square foot lot, the 8,165 square foot property of 12 units consisting of 8 two-bedroom units, 2 one-bedroom units and 2 Studios and offers 12 covered parking, and on-site laundry.Less than one mile from the Gold Metro Line Pasadena Station and Pasadena City College with convenient access to a variety of grocers, retailers, dining, and entertainment options in down town Pasadena. Residents commute to other cities for work, the subject property+GGs close proximity to Interstate 210 will help to attract a wide variety of renters. Family operated investment with rents far below market rates. Great up side potential.
    Exterior Features

    Carport Spaces 12.00 Construction Materials Stucco Garage Spaces 0.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Asphalt

    Interior Features

    Average Studio Area 305 Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area 790 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.00 Community Features Sidewalks Country Us Electric Expense 365.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 2249.00 Gardener Expense 1575.00 Gross Equity 3998500 Gross Income 0.00 Gross Multiplier 20.00 Gross Operating Income 187514.00 Gross Scheduled Income 190320.00 Gross Spendable Income 90732.00 Have 12 Units Improvements Amount 207091 Improvements Percent 77.00 Insurance Expense 5700.00 Land Lease YN No Land Value 62109 Land Value Percent 33.00 Laundry Equipment Own Lease Lease Laundry Income 600.00 Laundry YN Yes Licenses Expense 516.00 Maintenance Expense 13787.00 Net Operating Income 90732.00 New Construction YN No New Taxes Expense 50000.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 12 Number Wall AC 12 Number With Carpet 12 Number With Dishwasher 0 Number With Disposal 12 Number With Drapes 12 Number With Patio 0 Number With Range 12 Number With Refrigerator 0 Operating Expense 96782.00 Operating Expense Percent 54.00 Personal Property Amount 0 Pest Control Expense 150.25 Present Loans 0 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays Cable TvElectricityGasTelephone Total Expenses 96782.00 Trash Expense 17940.00 Utilities Electricity ConnectedNatural Gas Connected Vacancy Allowance 3806 Vacancy Allowance Rate 2.00 Water Sewer Expense 4500.00 Water Source Public Year Built Source Assessor Zoning Psr4

    Listing provided courtesy of Robert Bodkin of Bodkin Co., Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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