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267 Barthe Drive
Pasadena, CA 91103
Sold
I am pleased to offer for sale Pasadena Gardens, a 18-unit apartment community located at 267 Barthe Drive. The subject property is located south of Mountain Street and east of the 210 Freeway. The building is within a 5-minute drive to a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. The property is in a location that is safe, attraction-rich, and near renowned schools and strong employment drivers like California Institute of Technology, Jet Propulsion Laboratory, and Fuller Theological Seminary. Situated on a 21,376 square foot parcel, the property is comprised of one studio, eight one-bedroom units, and nine two-bedroom units. The property has 122% remaining rental upside through unit renovations. Pasadena Gardens presents investors a unique opportunity to attain a rare mid-sized asset in a prime Pasadena location that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.
PROPERTY INFORMATION
| MLS # | 23300163 | Lot Size | 21,376 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,800,000
Price Per SqFt: $ 342 |
DOM | 660 Days |
| Address | 267 Barthe Drive | Type | Residential Income |
| City | Pasadena | Sq.Ft. | 11,117 Sq. Ft. |
| Postal Code | 91103 | Garage | N/A |
| County | Los Angeles | Year Built | 1959 |
| Bed / Bath | 26 / 0 | Parking | 17 |
| Built In | 1959 | Status | Closed |
| Sold Date | 2023-10-31 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
Walk Score: 68 (Somewhat Walkable)
Transit Score: 44 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,053
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/11/2023 | Listed | $3,800,000 |
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Listing provided courtesy of Sean Rosenzweig, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
