12 UNITS | PASADENA
$3,950,000

5% CAP RATE AND 13.76 GRM ON EXISTING RENTS!!  We are pleased to present for sale an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent in place rental income.  Madison Heights is a WALKER’S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave.  The property features remodeled interiors, FULL copper plumbing, Updated windows, modern/upgraded AC systems to name a few.  The unit mix consists of four, spacious 1 Bed + 1.5 bath units and 8 Studio + 1 bath units making this property an income dream with the ease renting units and at a very high rent per square foot rate.  The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances.  There is on-site, carport parking and NO SOFT-STORY RETROFIT NEEDED.  Separately metered for electricity and gas.  A property in this location that has been UPDATED, meticulously self-managed by the ownership AND A 5% Cap Rate is a very rare offering.  PLEASE DO NOT DISTURB THE TENANTS.