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    712 E Walnut Street

    Pasadena, CA 91101
    • $17,450,000
    • STATUS: Active Under Contract
    • ON SITE: 64 days
    • ID#: 20609264
    Under Contract
    UPDATED: 36 min ago
    $17,450,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2004
    County:

    School Ratings & Info

    Description

    The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard.Per the Seller, the exterior of the building has newer paint.Properties like this don't come around for sale that often.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T09:26:43.523. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/108229969
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    712 E Walnut Street Pasadena, CA 91101

    • Price: $17,450,000
    • Status: Active Under Contract
    • Updated: 36 min ago
    • ID#: 20609264
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    2004
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    Property Description
    The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard.Per the Seller, the exterior of the building has newer paint.Properties like this don't come around for sale that often.
    Exterior Features

    Lot Size Dimensions 107X145 Lot Size Units Square Feet Parking Features Gated Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Country Us Gross Income 1086387.00 Gross Multiplier 16.69 Gross Operating Income 1055018.00 Net Operating Income 677859.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 377159.00 Zoning Psc-

    Listing provided courtesy of Earle Hyman of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T09:26:43.523. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731