Request Offering Memorandum

P1150360
FRONT1
P1150365
P1150356
unnamed2
P1150355
unnamed1
FRONT2 (highlight lake & New York)
P1150350
P1150354
P1150348
DJI_0063
DJI_0016
DJI_0039
DJI_0050
DJI_0010
DJI_0029
DJI_0005

921 New York Drive

Altadena, CA. 91001

NEW YORK VIEW APARTMENTS

First Time on Market

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION

New York View Apartments is centrally located in Altadena just off Lake Avenue. Built in 1988, the subject property is comprised of five, two-bed/two-bath units at approximately 1,000 sq.ft each. Additionally, there is a non-conforming studio.


Each unit (except the non-conforming unit) is individually metered for gas and electric. The property has an on-site, common area, laundry room. There are 12 total parking spaces: 4 tandem carport spaces (8 spots); 2 tandem open spaces (4 spots).

PROPERTY IS SUBJECT TO L.A. COUNTY RENT FREEZE EFFECTIVE 9/11/2018 (BUYER TO MAKE THEIR OWN INVESTIGATION).

PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$1,560,000
$312,000
$282.05
12.86
5.00%
5 + 1 Non-Conforming
1988
5,531
10,596
5845-016-021

FIRST TIME ON THE MARKET

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805