529 541 S El Molino Street,Pasadena, CA 91101
Pasadena, CA 91101
Description
TROPHY Class-A Location - 20-unit Steps from South Lake Ave, Erewhon, Caltech, and Old Town Pasadena | Attractive Returns with Major CapEx Completed | Bungalow Style Units + Expansive R3-Zoned Lot. HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as South Lake Ave Business District, Erewhon, CALTECH, and Old Town Pasadena. This offer provides investors with an opportunity to acquire a well-maintained asset in a trophy location with attractive return. It has a Walk Score of 81 out of 100. HACIENDA GARDEN is a 20-unit garden-style apartment community that consists of two properties: 529 S El Molino (10 units) and 541 S El Molino (10 units). It has a total building size of ±14,815 sqft and is situated on a large 30,367 sqft R3-zoned lot with excellent curb appeal and neatly manicured landscaping. It is exceptionally well-maintained in a Class-A neighborhood of Pasadena. 529 S El Molino is a bungalow style 10-unit with a total building size of 8,263 SF and situated on a 20,252 SF lot. It offers a gorgeous bungalow-style layout with center courtyard complete with attractive curb appeal. It has 10 units that are spread out over 5 buildings. Four of them are single story bungalows, and the fifth building is a two-story building. It has two (2) x 2-bedroom+1-bathroom, six (6) x 1-bedroom+1-bathroom, and two (2) x Studio units. Many units have been partially updated with refinished original hardwood floor, high 10ft ceiling, crown molding, upgraded bathroom, designer lighting fixtures, windows A/C, and tiled kitchen. The 4 back units are large with estimated size of ±1038 sqft per unit. The 541-S was built in 1950, has a total building size of 6,552 SF and is situated on a 10,115 SF lot. It is a two-story garden style apartment with brick pavers walkway. It offers ten (10) x 1-bedroom+1-bathroom units. The building has brand new staircases (rebuilt with permit) and several units have been updated with 2 units have full copper plumbing. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas, and has a shared laundry room.
Details
| MLS # | AR26139329 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 142 |
| Listing Provided By | Growth Investment Group Pasade | Handoko Chen |
Features
| Car Port | Yes |
|---|---|
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 7 |
| Acreage | 0.70 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Range, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Thirty Six To Forty Units Acre, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level |
| Fencing | None |
Parking
| Parking Features | Asphalt, Covered, Detached Carport, Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Urban, Valley |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 647 Pasadena (SW) |
| Listing VS Median (in 91101) | |
Price: $6,780,000 low | high Med: $649,950 On site: 142 low | high Med: 20.5 | |
Market Activity 91101
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 647 Pasadena (SW) |
| Listing VS Median (in 91101) | |
Price: $6,780,000 low | high Med: $649,950 On site: 142 low | high Med: 20.5 | |
