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