279 Parke Street

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279 Parke Street

Pasadena, CA 91101
Asking Price
$1.88M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit apartment building located in Pasadena
  • Asset offered at an asking price of 1880000 dollars
  • Property situated at the address 279 Parke Street
  • Multifamily investment asset within the Los Angeles metro area
  • Residential rental property serving a stable suburban market

What's Special

Pasadena serves as a prominent cultural and economic hub within the Greater Los Angeles area, known for its academic institutions and historic architectural landscape. This multifamily property sits at 279 Parke Street, positioned to benefit from the consistent demand for rental housing in this established Southern California submarket. The apartment building consists of four residential units, making it a manageable asset for investors seeking a stabilized residential portfolio addition. Given its proximity to local employment centers and public transit networks, the asset appeals to a stable tenant base seeking convenience in a highly desirable urban environment. With four distinct units, the property provides operational flexibility for landlords looking to capitalize on the ongoing strength of the Pasadena rental market. This offering presents a focused residential investment opportunity in a well-regarded community that continues to attract long-term residents and professionals alike.

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NOI
$80,000
Cap Rate
4.26%
DSCR
0.72
Underwater
Cash-on-Cash
-5.61%
Monthly Payment
$9,301.214
Annual Cash Flow
$-31,614.571

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