11-Unit Apartment
For Sale
Contact for pricing
518 S Sierra Madre Boulevard, Pasadena, CA 91107
Upgraded apartment property with landscaped courtyard, on-site laundry, and separate garages.
Property Size8,091 SF
Lot Size0.26 Acres
Price / SF$346.06
Days on Market131
Property Features for 518 S Sierra Madre Boulevard
General Information
Standard status
Active
Size
8,091 SF
Net Rentable
8,091 SF
Total Parking Spaces
6
Lot size
0.26 Acres
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$158,123
Units
Unit Mix
8 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
11
Amenities
laundry room
outdoor sitting area
courtyard
Building Details
Year Built
1950
Units
11
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Matthew Ziegler · License #CA 01280909
Source:
Crexi
Added: Apr 26
Changed: Sep 1
Last Checked: Sep 1 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This 11-unit apartment building, constructed in 1950, offers approximately 8,091 rentable square feet on 0.26 acres. The unit mix includes eight 1+1 apartments and three 2+1 apartments, with open layouts, natural light, wood or wood-like flooring, closet space, wall A/C, and gas heaters. A landscaped courtyard includes mature plantings and fruit trees, while the laundry room is equipped with two washers and two dryers. An outdoor seating area provides additional common space.
Recent property improvements include a roof approximately 1 year old, copper plumbing throughout the vertical and horizontal runs, new windows along the south side, partial electrical upgrades, and new paint. Six garages will be delivered vacant at the close of escrow and may be used for parking or storage by existing or future tenants. The property is located at 518 S. Sierra Madre Boulevard in Pasadena, CA 91107, near San Pasqual Ave and California Blvd, at the San Marino border. Current rents are approximately 15% below market.
Recent property improvements include a roof approximately 1 year old, copper plumbing throughout the vertical and horizontal runs, new windows along the south side, partial electrical upgrades, and new paint. Six garages will be delivered vacant at the close of escrow and may be used for parking or storage by existing or future tenants. The property is located at 518 S. Sierra Madre Boulevard in Pasadena, CA 91107, near San Pasqual Ave and California Blvd, at the San Marino border. Current rents are approximately 15% below market.
Key Highlights
- 11 units: eight 1+1 apartments and three 2+1 apartments
- Approximately 8,091 rentable square feet on 0.26 acres
- Six garages delivered vacant at the close of escrow
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Upgraded apartment property with landscaped courtyard, on-site laundry, and separate garages.
Where is this apartment building located?
The property is located at 518 S Sierra Madre Boulevard Pasadena, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 11 units: eight 1+1 apartments and three 2+1 apartments; Approximately 8,091 rentable square feet on 0.26 acres; Six garages delivered vacant at the close of escrow
