Request Offering Memorandum

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357 S. Sierra Madre Boulevard

Pasadena, CA 91107

Sierra Madre Apartments West

First Time On Market in 40 Years

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION
 

Sierra Madre West is an 8 unit (plus one non-conforming unit) apartment building located in the unincorporated area of Pasadena, just north of the city of San Marino.

 

Built in 1947, the property has two buildings one two-story garden-style walk-up building with a raised foundation and a pitched composition shingle roof. 1 one-story building with a pitched composition shingle roof which has a laundry room with one washer plus one dryer leased from Web and the studio one bath non-conforming unit. There are six uncovered parking spaces and a blacktop driveway. There is also street parking, no permit needed, since the property is in unincorporated Los Angeles County.

 

 

On September 11th 2018, unincorporated Los Angeles County Apartments became subject to a 6-month rent freeze. It is expected that after the temporary rent freeze, the county will implement a form of rent control. Please inquire for more details.

 

Utilities: Individual gas & electric (except the non-conforming studio unit; owner pays all utilities for this unit).  Owner pays hot water, water, and trash. There is one, newer, 100-gallon hot water heater.

PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$2,000,000
$250,000
$405.52
13.62
4.92%
8+1 NC
1947
4,932
7,376
5330-006-014

ASSET IN COUNTY AREA OF PASADENA

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805