Request Offering Memorandum

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410 S. Sierra Madre Boulevard

Pasadena, CA 91107

Sierra Madre Apartments East

First Time On Market in 32 Years

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION
 

Sierra Madre Apartments East is a very well-maintained 21 unit + one non-conforming unit apartment building located in the unincorporated area of Pasadena, just north of the city of San Marino.

 

The building is a 2-story / 3-story, garden-style walk-up building, with a raised foundation and a pitched composition shingled roof.  There is an on-site laundry room with two washers plus two dryers owned by the building. Parking features a total of 15 uncovered parking spaces on the north side of the property.  Tenants can also park on the street without permits, since the property is in unincorporated Los Angeles County.

 

Utilities:  Individual gas and electric (except unit #30 and the non-conforming unit, owner pays all utilities for these two units).  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
$5,005,000
$238,333
$341.08
12.76
4.84%
21+1 NC
1947
14,674
14,195
5330-004-001

ASSET IN COUNTY AREA OF PASADENA

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805