1004 Arroyo Drive

    South Pasadena, CA 91030
    • $4,000,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: CV18152343
    Price Reduced
    UPDATED: 55 min ago
    $4,000,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,418
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    The Mona Kai is a 13-unit multifamily property constructed in 1954 on a 12,651 square foot lot, with a total building size of 8,418 square feet. The well-maintained and landscaped, two-story property is conveniently located across the street from Arroyo Seco Golf Course, is separately metered for electric and gas, and offers a sparkling community pool, carport parking, and an on-site laundry room. The newly painted building features a diverse unit mix of studio, one-bedroom/one-bathroom, one-bedroom/one-bathroom+den, two-bedroom/one-bathroom, and two-bedroom/one-and-half-bathroom units that offer individual hot water heaters, wall air conditioning and heating, stove, refrigerator, and tile countertops. Select units offer ceiling fans, oak wood flooring, and a patio/balcony. Units 8 and 12A share a gas meter, all other units have individual meters. This property has been cleared for termites and may be purchased alone or with 5-unit multifamily property located at 640 Arroyo Dr, South Pasadena.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T19:31:58.833. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85042566

    1004 Arroyo Drive South Pasadena, CA 91030

    • Price: $4,000,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: CV18152343
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    8,418
    SQFT
    $475
    $/SQFT
    1954
    Built
    Neighborhood:
    658 - So. Pasadena
    County:
    Los Angeles
    Area:
    658 - So. Pasadena
    Property Description
    The Mona Kai is a 13-unit multifamily property constructed in 1954 on a 12,651 square foot lot, with a total building size of 8,418 square feet. The well-maintained and landscaped, two-story property is conveniently located across the street from Arroyo Seco Golf Course, is separately metered for electric and gas, and offers a sparkling community pool, carport parking, and an on-site laundry room. The newly painted building features a diverse unit mix of studio, one-bedroom/one-bathroom, one-bedroom/one-bathroom+den, two-bedroom/one-bathroom, and two-bedroom/one-and-half-bathroom units that offer individual hot water heaters, wall air conditioning and heating, stove, refrigerator, and tile countertops. Select units offer ceiling fans, oak wood flooring, and a patio/balcony. Units 8 and 12A share a gas meter, all other units have individual meters. This property has been cleared for termites and may be purchased alone or with 5-unit multifamily property located at 640 Arroyo Dr, South Pasadena.
    Exterior Features

    Carport Spaces 11.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 11.00 Parking YN Yes Pool Features Community PoolIn Ground Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Wall HeaterElectric Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 2911.00 Elevation Units Feet Fuel Expense 305.00 Gardener Expense 1980.00 Gross Income 215700.00 Gross Operating Income 211654.00 Gross Scheduled Income 215700.00 Insurance Expense 4290.00 Land Lease YN No Laundry Income 2500.00 Laundry YN Yes Maintenance Expense 7046.00 Maintenance Percent 3.58 Net Operating Income 121972.00 New Taxes Expense 58503.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Of Units Leased 13 Operating Expense 89682.00 Operating Expense Percent 42.37 Pool Expense 3244.00 Professional Management Expense 8485.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 17975.00 Total Expenses 97824.00 Trash Expense 0.00 Vacancy Allowance 6546 Vacancy Allowance Rate 3.00 Water Sewer Expense 8460.00 Water Source Public Year Built Source Assessor Zoning Spr310000*

    Listing provided courtesy of Eric Chen of Cb Richard Ellis and Joyce Goldstein of Cb Richard Ellis L.A. North Universal Ci.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T19:31:58.833. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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