529-541 South El Molino Avenue

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529-541 South El Molino Avenue

Pasadena, CA 91101
Asking Price
$6.78M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 529-541 South El Molino Avenue, this multifamily property is situated in the heart of Pasadena’s Madison Heights neighborhood. The location offers a residential atmosphere characterized by tree-lined streets, while remaining within walking distance of the South Lake Avenue business and shopping district. Nearby amenities include professional services, upscale retail, and diverse dining options. The property benefits from proximity to the Metro L Line and the 110 and 210 freeways, providing residents with efficient regional access to downtown Los Angeles and the San Gabriel Valley. The asset is well-suited for long-term residential use, appealing to a stable tenant base seeking proximity to major employment hubs. Typical occupants include professionals working at the nearby California Institute of Technology (Caltech), Huntington Hospital, or the various corporate offices in the central business district. Given the local demographics and neighborhood character, the property is positioned to attract renters who prioritize a central, walkable location with convenient access to both academic institutions and urban conveniences.

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NOI
$80,000
Cap Rate
1.18%
DSCR
0.20
Underwater
Cash-on-Cash
-15.86%
Monthly Payment
$33,543.741
Annual Cash Flow
$-322,524.888

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