44 N Berkeley Avenue

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44 N Berkeley Avenue

Pasadena, CA 91107
Asking Price
$1.10M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Pasadena.
  • The property features a total of 2 residential units.
  • Offered at an asking price of 1,100,000 dollars.
  • Located in the 91107 zip code of California.
  • Positioned within a robust and stable Southern California submarket.

What's Special

This multifamily property at 44 N Berkeley Avenue in Pasadena is currently available for sale, presenting a practical addition for investors seeking residential assets in the Greater Los Angeles area. The building consists of 2 units, providing an manageable investment profile for those looking to expand their portfolio within a stable Southern California submarket. Pasadena maintains a strong demand for rental housing due to its proximity to major educational institutions, regional employment hubs, and comprehensive transit infrastructure. The property sits within a well-established neighborhood, benefiting from the city's ongoing economic vitality and consistent population growth. Given the configuration of this apartment building, it is well-suited for long-term hold strategies or repositioning efforts aimed at the local rental demographic. Buyers will find this location provides efficient access to central business corridors and essential community services, supporting the ongoing appeal of the Pasadena residential market for diverse tenant bases.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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