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Pasadena, CA 91107 260 Linda Rosa Avenue

$4,288,000

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Presented By: Jing Li with Treeline Realty & Investment; 626-319-7292
  • MLS# AR24077338
  • 04/18/2024
  • Request Tour
  • Request Info
  • BedBeds • 15
  • BathFull/Half Baths • 7 / 6
  • FootageSQFT • 6,068

Home Details

RELOCATION FEES PAID The Tenancy Has Been Completed Turned Over With Excellent MARKET RENTS | The hard work has been done for YOU - TURNKEY investment opportunity | Truly One of A Kind Investment Property - Superb Location nearby PCC, Cal Tech, VONS, and In & Out. Extensive "Pride of Ownership" remodeling was done in 2023. The Complex features 6 two-bedroom units and one 3-bedroom unit. These are highly desirable Townhouse-Styled Units with 7 onsite Parking Spaces. Remodeled interiors with newer interior paint, waterproof flooring, lighting and crown moldings throughout, custom cabinetry, quartz countertops, stainless steel appliances, new sub-panels, and technically upgraded with Nest Thermostats and Ring Cameras. Newer exterior paint, windows and glass sliding doors, and 6 HVAC units, all completed in 2023. Exterior termite repairs completed in early 2023. Copper Plumbing. Separate Electricity & Gas Meters. On Site Laundry Room with 2 Sets of Machines. 7 water heaters instead of one main water heater plus a separate water heater for the laundry room. Excellent demographics with Median Household Income above $95,000 within a 3 mile radius.
Presented By: Jing Li with Treeline Realty & Investment; 626-319-7292

Interior Features for 260 Linda Rosa Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level2

General for 260 Linda Rosa Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.35
Carport Spaces7.0
Carport Y/NYes
CityPasadena
Community FeaturesCurbs, Sidewalks
CoolingCentralAir
CountyLos Angeles
Days on Market3
DirectionsWest of San Gabriel Blvd, North of Foothill
Electric Expense0.0
Entry LocationFront Door
ExclusionsTenant's personal property
Fuel Expense600.0
Garage Spaces0.0
Garage Y/NNo
Gross Income262800.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet7525.0
MLS Area648 - Pasadena (SE)
MobileHomeRemainsYNNo
Net Operating Income186941.0
New ConstructionNo
Number of Units Leased6
Operating Expense67975.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameLinda Rosa
Tax Lot36
Taxes$54,875
Total Actual Rent21750.0
Total Units7
Trash Expense4200.0
ViewNone
View Y/NNo
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor

Exterior for 260 Linda Rosa Avenue

Building Area Total6068.0
Crops Included Y/NNo
Horse Y/NNo
Inclusions7 Stoves, 7 Refrigerators, 7 Dishwashers.
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1728
Lot Size Area7525.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,288,000
MLS#AR24077338
List Date 04/18/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors