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401 North Chester Avenue
Pasadena, CA 91106
Asking Price
$4.80M
Cap Rate
1.97%
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Redevelopment <p>Currently property there are totally 5 units (401 N Chester Ave is SFR, 407 N Chester Ave is 3 - plex and 415 N Chester Ave is SFR) with a monthly income of $7,885.00</p><p>Lot size 22,497 Sq Ft, Zoning RM 48 (including 3 parcel - 5739-003-036,037, & 040) Base can build 24 units condo/apartments or Standard 50% bonus can build 36 units and Max Stacked 100% bonus then can build 48 units. ( Please check with City of Pasadena building department)</p>
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NOI
$80,000
Cap Rate
1.67%
DSCR
0.28
Underwater
Cash-on-Cash
-14.23%
Monthly Payment
$23,747.781
Annual Cash Flow
$-204,973.372
