Homes for sale - 780 Earlham ST, Pasadena, CA 91101

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Scott Greenspan

Greenspan Realty

sgreenspan@greenspanrealty.net +1(310) 936-7270

$ 5,600,000

Est. payment | -/mo

0.39 Acres Lot

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$ 5,600,000

Est. payment | -/mo

Save

0.39 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24242697

HOA Y/N No

Year Built 1964

Lot Size 0.386 Acres

Property Description

We are pleased to present Sharlotte Apartments, a 16-unit apartment community in Pasadena, CA. This property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with balconies/patios, gated entry, covered parking, individual gas and electric meters, and a sparkling pool. The building has undergone several exterior upgrades such as soft story retrofitting, reinforced balconies & decks, all new windows, new electric panels, and a new roof (2021). The interiors have been tastefully renovated with granite countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring or new carpet, and upgraded bathrooms. This multigenerational asset has been meticulously maintained throughout ownership and is on the market for the first time in 48 years. With strong in-place rents, the property generates a current cap rate of 5.6%, 7.1% with market rents, offering an investor roughly 20% upside in rental income. This trophy asset is ideal for investors seeking a well-maintained, well-located turnkey asset with upside potential and no differed maintenance.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 21

Pool Community

Community Features Sidewalks, Pool

Total Parking Spaces 21

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5731016019

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Ryan Loria • Triqor Group • 949-756-3232

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

Scott Greenspan

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

780 Earlham ST Pasadena, CA 91101

Scott Greenspan

Key Details

Location

Interior

Exterior

Building

Others

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780 Earlham ST