990 Valley View AVE, Pasadena, CA 91107
990 Valley View AVE, Pasadena, CA 91107
990 Valley View AVE, Pasadena, CA 91107
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Suzie Alvarez

Suzie Alvarez

+1(520) 279-1408
$11,995,000
Est. payment /mo
72 Beds
40 Baths
41,204 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 41,204 sqft

Price per Sqft $291

MLS Listing ID 26994565

Bedrooms 72

HOA Y/N No

Year Built 1961

Lot Size 0.748 Acres

Property Description

A GENERATIONAL ASSET AVAILABLE FOR THE FIRST TIME IN OVER 50 YEARS!! We are pleased to present for sale an outstanding 40-unit multifamily property location at 990 Valley View in Pasadena offering scale, an outstanding unit mix, and real potential for significant, long-term rent growth. Located near Hastings Ranch, it borders the city of Sierra Madre and is one of the only apartment buildings in the surrounding area. The building features a highly desirable unit mix consisting of 32 two-bedroom/one-bath units and 8 one-bedroom/one-bath units, with the building records showing a size of over 41,200 total square feet. A handful of units having been fully remodeled, providing a proven blueprint for future interior renovations and the potential to capture real rent growth with turnover. The location and size of this property only add to its appeal and rarity. Just a 5-minute drive to the extensive collection of shopping, dining, entertainment, and everyday conveniences at Hastings Village and Hastings Ranch Center. The destinations include Whole Foods Market, Trader Joe's, Sprouts Farmers Market, Dick's Sporting Goods, Lucky Strike, and a laundry list other retailers, restaurants, and services. The building has already benefited from important capital improvements, including updated windows, completed soft-story seismic retrofit, copper plumbing and a recent repainting helping reduce near-term capital requirements. The electrical system has been serviceable for building and has been insurable for current ownership. DO NOT DISTURB TENANTS OR MANAGER.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Zoning PSR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Covered, Garage, Tandem

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5758017011

Special Listing Condition Standard

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Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652

NEARBY SCHOOL & BUSINESS

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