531 Prescott Street,  Pasadena CA, 91104 (Residential Income)

8,852 sqft
Status: Sold
MLS#: WS16098201
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Last Updated: 12/9/2016 11:17 AM
Description for 531 Prescott Street Pasadena, CA 91104
Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. The property was previously licensed as an independent living facility for the visually impaired. The property is currently being leased to market rate tenants. New ownership to perform their own investigation regarding current and allowable use. There are 19 studio units plus the 2/2.5 + office, house. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.
Price
Sold Price:
$2,550,000
Sold Date:10/17/2016
Los Angeles
8,852 (approx)
WS16098201
Closed
Description
Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. The property was previously licensed as an independent living facility for the visually impaired. The property is currently being leased to market rate tenants. New ownership to perform their own investigation regarding current and allowable use. There are 19 studio units plus the 2/2.5 + office, house. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.
Listing Information
Property Type: Cluster, Other
0.33 Acres 1,436,000 sq.ft. 8,852 (approx)
$288.07 1914
3 Total
Neighborhood
Room Information
Exterior / Lot Features
Suburban
Driving Directions
Cross Streets: Los Robles
Financial Considerations
5730001023
$270,480 Income ,$97,446Expense
Listing Price History

Pasadena Real Estate

Pasadena is located in California. Pasadena, California 91104 has a population of 137,316.

The median household income in Pasadena, California 91104 is $68,310. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Pasadena 91104 is 37.1 years.

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Courtesy: PASADENA MARKET CENTER KEVIN LUTZ
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