Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a PRIME Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets,… Read More tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market. Read Less
Property listed by Re/Max Premier Prop SanMarino, Jack Yang 626-203-8269
Listing Snapshot
Days Online
3
Last Updated
Property Type
Quadruplex
Lot Size
0.18 Acres
Year Built
1961
MLS Number
AR25000109
30 Days Snapshot Of 91104
$1,495k
+3%
(avg) sold price
3
-85%
homes sold
54
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange, Dryer, Washer
Building
Built in 1961, Building area total: 3,312, Levels: One, Two, 1 story, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Biking, Rural, Sidewalks
Cooling
WallWindowUnits
Expenses
Electric expense: $240, Insurance expense: $2,373, Operating expense: $4,200, Trash expense: $2,400, Water sewer expense: $396
Fireplaces
None
Garage
4 spaces
Heating
ForcedAir
Income
Gross income: $120,900, Net operating income: $114,000
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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