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617 Mound AvenueSouth Pasadena, CA 91030Price: $3,500,000

  • Price: $3,500,000
  • Est. Mortgage of $/month
  • 13 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 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.
  • $3,500,000List Price
  • 0.25Acreage

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Listed by Gary Tolfa of Triqor Group
Pleased to present the opportunity to acquire the Mound Apartments,an excellent pride of ownership & 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 one and two-bedroom units on a 10,790 Sq. Ft lot. The community features ample covered parking (15 total spaces),laundry facility,and solar powered hot water. Mound Apartments also offers an investor the opportunity to build accessory dwelling units on the property. With 5 renovated units,the property has approximately 20% upside in rents leading to a 4.4% cap rate with market rents.

Property Details of 617 Mound Avenue

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 "Based on information submitted to CA_CRMLS as of December 4, 2021 11:53 PM EST . 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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