276 Sierra Madre, Pasadena, CA, 91107
- 4beds
- 0.35acre
TURN-KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on-site gated parking, offering a low-maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass-thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1-bed + 1-bath units and 18 well-designed singles, totaling approximately 8,884 SF (per appraiser) of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride-of-ownership asset in a supply-constrained submarket.
Listing agents:
Alexander Metaxas
License #01784652
Realty Investment Advisors, Inc.
Benjamin J. Hsiang
License #01438644
Realty Investment Advisors, Inc.
276 Sierra Madre is a Residential Income property located in Pasadena, California, featuring a 0.348 acre lot, 4 bedrooms, MLS #25626927.