529-541 South El Molino Avenue

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529-541 South El Molino Avenue

Pasadena, CA 91101
Asking Price
$6.78M
Cap Rate
5.26%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

TROPHY CLASS-A Location - 20-unit Steps from South Lake Ave, Erewhon, Caltech, and Old Town Pasadena <p><strong style="color: rgba(0, 0, 0, 1)">INVESTMENT HIGHLIGHTS</strong></p><ul><li>​<strong style="color: rgba(0, 0, 0, 1)">Trophy-Quality Class-A Location:</strong><span style="color: rgba(0, 0, 0, 1)"> Situated in the highly coveted Pasadena Playhouse District, offering a rare opportunity to acquire a premier asset in one of the San Gabriel Valley’s strongest and most desirable submarkets (crossing California Ave, near South Lake Ave District, Erewhon, CALTECH, and Old Town Pasadena)</span><

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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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