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1601 Fremont AvenueSouth Pasadena, CA 91030Price: $2,700,000

  • Price: $2,700,000
  • Est. Mortgage of $/month
  • 64 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,700,000List Price
  • 0.37Acreage

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Listed by Gary Tolfa of Triqor Group
Presenting the Fremont Apartments,an incredible value-add apartment building situated in the coveted city of South Pasadena,adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard,laundry facility,and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands,the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.

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 "Based on information submitted to CA_CRMLS as of October 21, 2021 6:55 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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