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