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  • DESCRIPTION

    Presenting the Fremont Apartments, an incredible value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.

    KEY DETAILS
    • Price:
    • $2,700,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 6,695
    • Acreage:
    • 0.37
    • Year Built:
    • 1949
    • MLS #:
    • PW21184126
    • Street Address:
    • 1601 Fremont Ave
    • City:
    • South Pasadena
    • State:
    • CA
    • Postal Code:
    • 91030
    • County:
    • Los Angeles
    • Area:
    • So. Pasadena
    • Listing Status:
    • For Sale - Active Under Contract

    Building

    • Number Of Units:
    • 6
    • Total # Of Buildings:
    • 1
    • Total Building Square Footage:
    • 6695
    • Walls:
    • 1 Common Wall
    • Year Built:
    • 1949
    • Year Built Source:
    • Public Records

    Business

    • Gross Income:
    • 115446
    • Net Operating Income:
    • 65781
    • Operating Expense:
    • 49630

    Land

    • Approximate Lot Size Range Source:
    • Assessor
    • Conforms To Zoning:
    • Spr310000*
    • Lot Features:
    • Corner Lot
    • Lot Size:
    • 16308
    • Lot Square Footage:
    • 16308

    Listing

    • Community Features:
    • Foothills, Park, Sidewalks, Urban, Valley
    • Days On Market:
    • 41
    • On Market Date:
    • 2021-08-19
    • Originating Mls:
    • Crmls
    • Terms:
    • Conventional

    Rooms

    • Laundry:
    • Common Area

    Structures

    • Carport Present:
    • Yes
    • Number Of Carport Spaces:
    • 8
    • Parking Description:
    • Carport
    • Parking Spaces:
    • 8

    Systems

    • Existing Water:
    • See Remarks

    Units

    • Unit 1 Monthly Rent:
    • 1548
    • Unit 1 Total Bathrooms:
    • 1
    • Unit 1 Total Bedrooms:
    • 3
    • Unit 2 Monthly Rent:
    • 1654
    • Unit 2 Total Bathrooms:
    • 1
    • Unit 2 Total Bedrooms:
    • 2

    Source

    • Listing Provided By Gary Tolfa of Triqor Group

      CACRMLS
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    NOTES

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