965 Smt Ave Pasadena, CA 91103-2623
Property profile & analytics
965 Smt Ave, Pasadena, CA 91103-2623
- Apartment buildings
- 4,275 SF
- 0.28 lot acres
Property ID
US09-8008800
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 965 Smt Ave
- Year built
- 1958
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Zone code
- PSR1
- Property type
- Apartment buildings
- APN
- 5728-003-033
- APU
- 5728003033
Description
This exceptional investment opportunity presents a 6-unit apartment building situated on a 12,008 sq ft lot in desirable Pasadena, CA (91103). The property, built in 1958, consists of two, one-story buildings totaling 4,275 square feet and features 12 parking spaces. Currently boasting 100% occupancy, the property offers a compelling value-add proposition. The asking price is $2,150,000, translating to $502.92 per square foot and $358,333.33 per unit. The current Net Operating Income (NOI) stands at $96,051, yielding a 4.47% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $141,000 and a 6.56% cap rate, reflecting the substantial upside potential. The land value alone is estimated at $179.04 per square foot. Zoned PSR1, the property presents opportunities for expansion, potentially including the addition of Accessory Dwelling Units (ADUs). This presents a rare chance to acquire a multifamily property in a high-demand area with considerable room for rent increases and property appreciation. The strong rental market in Pasadena ensures a reliable tenant base, making this a truly attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.148
- Latitude
- 34.1625
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,735
$231,721
$238,964
$470,685
-
$0.00
$0.00
$0.00
