Pasadena Turnkey Multifamily Investment Opportunity

435 N Wilson Ave, Pasadena, CA 91106

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Upgraded 16-unit apartment near Pasadena Playhouse and South Lake District.

Type:Multifamily

Lot size:

0.40 Acres

HighLights

Turnkey, fully renovated (2022‑2023) 16‑unit apartment building in a highly desirable Pasadena location.
Oversized, high‑density R4 lot (±17,367sf) offering potential for Additional Dwelling Units or future redevelopment (buyer to verify).
Complete interior and exterior renovations, including new landscaping, building façade, windows, electrical, plumbing, kitchens, and bathrooms.
Each unit features a private patio or balcony, in‑unit combo washer/dryer, and a state‑of‑the‑art mini‑split HVAC system.
Separately metered for electricity and gas, with 17 carport parking spaces.
Walking distance to Old Town Pasadena, attracting a diverse range of tenants.

We can help!

Listing Contact

Handoko Chen

For Sale

Contact for pricing

Upgraded 16-unit apartment near Pasadena Playhouse and South Lake District.

Type:Multifamily

Lot size:

0.40 Acres

Added:: Feb 19, 2024
Days on Market:: 846
Last Refresh:: May 12 at 10:57 pm

Property Features for 435 N Wilson Ave

General Information

Standard status: Active
Lot size: 0.40 Acres
Property subtype: Multifamily

Building Details

Year Built: 1960

We can help!

Listing Contact

Handoko Chen

Listing agent Handoko Chen License #CA 01749321

Listing office Growth Investment Group

Listing date Feb 19, 2024

Source Crexi

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 Growth Investment Group

HighLights

Turnkey, fully renovated (2022‑2023) 16‑unit apartment building in a highly desirable Pasadena location.
Oversized, high‑density R4 lot (±17,367sf) offering potential for Additional Dwelling Units or future redevelopment (buyer to verify).
Complete interior and exterior renovations, including new landscaping, building façade, windows, electrical, plumbing, kitchens, and bathrooms.
Each unit features a private patio or balcony, in‑unit combo washer/dryer, and a state‑of‑the‑art mini‑split HVAC system.
Separately metered for electricity and gas, with 17 carport parking spaces.
Walking distance to Old Town Pasadena, attracting a diverse range of tenants.

Overview

Located in Pasadena, the property at 435 N Wilson Ave features 16 upgraded apartment units. Situated near Pasadena Playhouse and the South Lake Ave District, the property consists of one single-story building with 6 units and one two-story building with the remaining 10 units. Constructed in 1960, the property sits on a high-density lot of approximately 17,367 square feet, which may allow for Additional Dwelling Units or future redevelopment. Each unit includes a private patio or balcony. The property has undergone renovations, including drought-tolerant landscaping with a center garden area, a new building façade, signage and exterior paint, a new parking gate and repainted railings, new unit patio fences, and new exterior lighting. The roof is well-maintained, and new dual-pane windows have been installed throughout. Interior upgrades include electrical and plumbing upgrades, wood vinyl and tile flooring in bathrooms, new windows, in-unit combo washer/dryers, mini-split HVAC systems, kitchens with quartz countertops, new kitchen cabinets, stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with vanities, toilets, bathtubs, and fixtures. One unit has a fireplace. Parking is provided by 17 carports. The property is separately metered for electricity and gas.

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Local Demand

City: Pasadena
County: Los Angeles
State: California
Longitude: -118.1284796
Latitude: 34.1536311

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For sale
Apartment buildings
CA
Pasadena
91106
435 N Wilson Ave

What type of property is this?

Apartment building - Upgraded 16-unit apartment near Pasadena Playhouse and South Lake District.

Where is this apartment building located?

The property is located at 435 N Wilson Ave Pasadena, CA.

What is the asking price?

The asking price for this property is $6,370,000.

What are key features of this property?

This property features: Turnkey, fully renovated (2022‑2023) 16‑unit apartment building in a highly desirable Pasadena location.; Oversized, high‑density R4 lot (±17,367sf) offering potential for Additional Dwelling Units or future redevelopment (buyer to verify).; Complete interior and exterior renovations, including new landscaping, building façade, windows, electrical, plumbing, kitchens, and bathrooms.