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60 El Nido Ave Pasadena, CA, 91107
$5,800,000 Commercial for sale Other
A HIGH CAP Rate and almost turnkey 12-unit + 3 ADUs garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With CAP Rate Close to 5% in a Class-A Location, Single-story duplexes layout, and Arcadia adjacent location, this offering provides an extremely rare opportunity for investors to acquire a beautifully upgraded apartment in an excellent location in Pasadena. Six out of 12 units (50%) have been completely upgraded and provides new owners with immediate market rent without having to deal with tenant relocation and units upgrade process. The property is a beautiful asset with attractive four single-story duplexes and one two-story fourplex in the back. It is located in a mature and quiet residential neighborhood with superb access to many City of Pasadena and City of Arcadia have to offer. It is near Target shopping center, Hastings Ranch neighborhood in Pasadena and located close to City of Arcadia border with Santa Anita Mall just minutes away. The property was built in 1946 and underwent massive renovation in 2023-2024. It is situated on an oversized ±20,570 SF lot size with medium density zoning RM-32 (32 units/Acre). It has excellent curb appeal with front drought tolerant landscaping, new wrought-iron gate and fencing, and man
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Property details
1946 year built
View
Mountain(s), Other
Land area
20,577 sqft (0.47 acres)
Days on Verhouse
23
Address
60 El Nido Ave, Pasadena, CA, 91107
City of California
Pasadena
County
Los Angeles
Year Built
1946
District
Listing
Nearby major retailers
Albertsons
Trader Joe's
BMW
Whole Foods Market
T-Mobile
Aldi
Supermarket: 10
Car: 1
Mobile phone: 3
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Interior Features
Laminate, Vinyl, Wood floors
Floor Covering
Laminate, Vinyl, Wood
Garage & Parking
Assigned, Other
Appliances
Dryer
Listed by
Han Chen, Growth Investment Group Pasade
Name
Han Chen
License number
01749321
Brokerage company
Growth Investment Group Pasade
MLS #
CRAR24082052
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Calculate your monthly payments
Mortgage
$17,808
Taxes
$0
HOA dues
$0
Mortgage
$1,160,000 / 20%
2.28%
30 years
Your amount
$17,808 / month
Lot details
TMK #5754006018
Lot Description
Other, Back Yard
Parcel nr.
5754006018
91107 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91107
40%
Families with children
National average: 39%
34%
Non family households
307,830
Population
$124,139
Average Income
Age & gender
Median age 41 years
More info
Commute types
82% commute by car
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Education level
29% have bachelor education
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Number of employees
3% work in education and healthcare
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Vehicles available
40% have 2 vehicle
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Vehicles by gender
40% have 2 vehicle
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Housing market insights for
$1.7m
Neighborhood average
sales price*
sales price*
$1.3m
Neighborhood median
sales price*
sales price*
470
Number
of sales*
of sales*
Housing type
57% are single detacheds
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
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14.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 24, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 24, 2024 | New Listing | $5,800,000 | 0 | MLS #CRAR24082052 |
Taxes of 60 El Nido Ave, Pasadena, CA, 91107
PSR3 zoning / MLS #CRAR24082052
Zoning
PSR3
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Frequently Asked Questions about 60 El Nido Ave
What is 60 El Nido Ave?
60 El Nido Ave is a Commercial/Industrial property.
What is the rental income?
-
What is the full address of this Commercial?
60 El Nido Ave, Pasadena, CA, 91107.
What comparable properties are nearby?
Comparable nearby commercial properties include 284 Vinedo Ave, 260 Linda Rosa Ave, 121 S Chester Ave, 174 N Mar Vista Ave, 435 N Wilson Ave, 285 E Del Mar Blvd.
Based on information from the bridgeMLS as of 05-16-2024. 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.
Listing last updated on: May 07, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Smart & Final, 0.34 miles away and Honeybaked, 0.85 miles away.
The 91107 zip area has a population of 307,830, and 40% of the families have children. The median age is 41.59 years and 82% commute by car. The most popular housing type is "single detached" and 54% is owner.
