This Multifamily Property is no longer advertised on LoopNet.co.uk.
423 Garfield Ave
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
High Rental Demand Location in the City of Pasadena
4.72% Cap Rate on Current Income, 7.57% Cap Rate at Market Rents
Historically High Occupancy
Extremely Attractive Assumable Financing Available – 3.68% Interest Only through Until 2029/ Interest Only - Until 2027
Potential for Rental Upside – Opportunity for Approximately 39% Rental Growth to Achieve Market Rents
Well-Maintained Property Situated on ±11,875 SF Lot
PROPERTY FACTS
No. Units
12
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.28 AC
Building Size
16,168 SF
Number of Floors
2
Year Built
1962
UNIT AMENITIES
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
Avg. Rent.Mo
SF
1+1
8
£1,537
700
2+1
4
£2,164
925
PROPERTY TAXES
Parcel Number
5725-027-026
Improvements Assessment
£589,382
Land Assessment
£736,730
Total Assessment
£1,326,113
