640 Arroyo Drive

    South Pasadena, CA 91030
    • $2,000,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: CV18152147
    UPDATED: 74 min ago
    $2,000,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,622
      SQFT
    • $552
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    The Arroyo Dr Apartments is a unique 5-unit multifamily property constructed in 1954 on a approximate 8,273 square foot lot, with a total buildingsize of approximately 3,622 square feet. The well-maintained, neatly landscaped,2-building property is separately metered for gas and electric, and offers a single car garage for each unit, a community backyard patio, and an on-site laundry room. The building features new exterior paint and the termite work has already been completed. The property features a diverse unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/one-bathroom+den units. Each of the spacious units offer an individual water heater, wall air conditioning and heating units, a screen door, a stove, a refrigerator and significant privacy with one shared wall. Select units have laminate flooring and granite countertops.This property may be purchased alone or with a 13-unit multifamily property located at 1004 Arroyo Dr, South Pasadena.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T00:29:00.423. 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 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/85042564

    640 Arroyo Drive South Pasadena, CA 91030

    • Price: $2,000,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: CV18152147
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,622
    SQFT
    $552
    $/SQFT
    1954
    Built
    Neighborhood:
    658 - So. Pasadena
    County:
    Los Angeles
    Area:
    658 - So. Pasadena
    Property Description
    The Arroyo Dr Apartments is a unique 5-unit multifamily property constructed in 1954 on a approximate 8,273 square foot lot, with a total buildingsize of approximately 3,622 square feet. The well-maintained, neatly landscaped,2-building property is separately metered for gas and electric, and offers a single car garage for each unit, a community backyard patio, and an on-site laundry room. The building features new exterior paint and the termite work has already been completed. The property features a diverse unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/one-bathroom+den units. Each of the spacious units offer an individual water heater, wall air conditioning and heating units, a screen door, a stove, a refrigerator and significant privacy with one shared wall. Select units have laminate flooring and granite countertops.This property may be purchased alone or with a 13-unit multifamily property located at 1004 Arroyo Dr, South Pasadena.
    Exterior Features

    Garage Spaces 5.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes 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 1 Common Wall Cooling Wall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateWood Heating Wall HeaterElectric Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 506.00 Elevation Units Feet Fuel Expense 305.00 Gardener Expense 1320.00 Gross Income 99420.00 Gross Operating Income 96904.00 Gross Scheduled Income 99420.00 Insurance Expense 2274.00 Land Lease YN No Laundry Income 481.00 Laundry YN Yes Maintenance Expense 1381.00 Maintenance Percent 1.42 Net Operating Income 53317.00 New Taxes Expense 25102.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 5 Operating Expense 43587.00 Operating Expense Percent 44.98 Professional Management Expense 4481.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tax Annual Amount 25102.00 Tax Rate 1.16 Tax Year 2018 Taxes Percent 25.90 Tenant Pays ElectricityGas Total Actual Rent 8285.00 Total Expenses 43587.00 Trash Expense 0.00 Vacancy Allowance 2997 Vacancy Allowance Rate 3.00 Water Sewer Expense 7218.00 Water Source Public Year Built Source Assessor Zoning Spr310000*

    Listing provided courtesy of Eric Chen of Cb Richard Ellis and Joyce Goldstein of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T00:29:00.423. 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 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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