515 N El Molino Ave Pasadena, CA 91101
Multi-Family
MLS #: AR25088228
Listed By CENTURY 21 Village Realty
1-web-or-mls- 515 N. El Molino Ave. (1)
Property InformationDescription
Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.
Features
- Age: Over 50 Years Old
- Area Description: Suburban
- Building Area: 11794.00 SF
- Community Type: Gated
- Cooling: Wall Unit A/C
- Cooling: Window A/C
- Cross Docks: N
- Expenses: 110552.00
- For Auction: N
- Full Bathrooms: 16
- Garage Description: Detached Garage
- Gross Income: 366672.00
- Heating Type: Baseboard
- Level Number: 2
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 21030 Sq. Ft.
- MLSID: AR25088228
- Net Operating Income: 245120.00
- Parking Places: 16
- Price Per Area: 0.00
- Price Upon Request: N
- Property Use: Rental or Investment
- Road Type: City / Town Street
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Total Units: 16
- Year Built: 1955
- Zoning: PSR1
