1037 Emerson Street

    Pasadena, CA 91106
    • $1,380,000
    • STATUS: Closed
    • ON SITE: 139 days
    • ID#: CV18131678
    Sold - 08/09/2018
    $1,380,000
    SOLD - 08/09/2018
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,488
      SQFT
    • $555
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Welcome to 1037 Emerson St. located in the heart of Pasadena just minutes from Old Town Pasadena and both 210, and 134 freeways. This amazing income property offers 4 units all with 2 bedrooms and 1 bathroom, each on separate meters. Entire property along with each unit has been very well maintained and recently painted. Remote access gated entry leads to 5 detached garages offering off street parking. Here's your chance to own a great investment property in the city of Pasadena. Rent is currently great with even more upside potential. This opportunity absolutely will not last.

    Sold by Janice Lee of Berkshire Hathaway Homeservices California Properties.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-22T00:28:04.48. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84253467

    1037 Emerson Street Pasadena, CA 91106

    • Price: $1,350,000
    • Status: Closed
    • Updated: 56 min ago
    • ID#: CV18131678
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,488
    SQFT
    $555
    $/SQFT
    1972
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Welcome to 1037 Emerson St. located in the heart of Pasadena just minutes from Old Town Pasadena and both 210, and 134 freeways. This amazing income property offers 4 units all with 2 bedrooms and 1 bathroom, each on separate meters. Entire property along with each unit has been very well maintained and recently painted. Remote access gated entry leads to 5 detached garages offering off street parking. Here's your chance to own a great investment property in the city of Pasadena. Rent is currently great with even more upside potential. This opportunity absolutely will not last.
    Exterior Features

    Garage Spaces 6.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None 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 Window Cooling YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Gutters Country Us Elevation Units Feet Gross Income 60000.00 Gross Scheduled Income 72000.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN No Net Operating Income 60000.00 New Taxes Expense 5227.20 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number Wall AC 4 Operating Expense 12000.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 6000.00 Total Expenses 12227.20 Trash Expense 2000.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Psr1

    Listing provided courtesy of Edward Garcia of Intero Real Estate Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-22T00:28:04.48. 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. Licensed in the State of California, USA.
     
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