$5,600,000
- Beds
- Unknown
- sq ft
- Unknown
780 Earlham St, Pasadena, CA 91101
780 Earlham St
Pasadena, CA 91101
- 21 days on market
We are pleased to present Sharlotte Apartments, a 16-unit apartment community in Pasadena, CA. This property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with balconies/patios, gated entry, covered parking, individual gas and electric meters, and a sparkling pool. The building has undergone several exterior upgrades such as soft story retrofitting, reinforced balconies & decks, all new windows, new electric panels, and a new roof (2021). The interiors have been tastefully renovated with granite countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring or new carpet, and upgraded bathrooms. This multigenerational asset has been meticulously maintained throughout ownership and is on the market for the first time in 48 years. With strong in-place rents, the property generates a current cap rate of 5.6%, 7.1% with market rents, offering an investor roughly 20% upside in rental income. This trophy asset is ideal for investors seeking a well-maintained, well-located turnkey asset with upside potential and no differed maintenance.
Details
Property type
Apartment
Lot size
0.3857 acres
Price per sq ft
Unknown
Year built
1964
Price History
12/02/2024
CRMLS #PW24242697
Listed
$5,600,000
Schools & Community
Neighborhood:
West Central
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Pool, Sidewalks
Community features:
Pool, Sidewalks
Status: Active
Tomo last checked: 12/22/2024 at 10:45 PM
Listing updated: 12/04/2024 at 9:40 PM
Listed by: Ryan Loria, Triqor Group Phone #: (949) 756-3232
MLS: CRMLS #PW24242697
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