2055 Santa Rosa Avenue

    Altadena, CA 91001
    • $3,585,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: WS19243103
    UPDATED: 32 min ago
    $3,585,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,644
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    The Santa Rosa Apartments is a 10-unit apartment building located on Santa Rosa Avenue in Altadena. The units are an ideal mix of 2 - 1 bed/1 bath units & 8 - 2 bed/1 bath units. The subject property has not been on the market in 41 years and is located on "Christmas Tree Lane". DRIVE BY ONLY. DO NOT GO ON PROPERTY WITHOUT LISTING AGENT. TENANT DO NOT KNOW THE PROPERTY IS FOR SALE

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T00:27:59.237. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/99948316

    2055 Santa Rosa Avenue Altadena, CA 91001

    • Price: $3,585,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: WS19243103
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    8,644
    SQFT
    $415
    $/SQFT
    1953
    Built
    Neighborhood:
    604 - Altadena
    County:
    Los Angeles
    Area:
    604 - Altadena
    Property Description
    The Santa Rosa Apartments is a 10-unit apartment building located on Santa Rosa Avenue in Altadena. The units are an ideal mix of 2 - 1 bed/1 bath units & 8 - 2 bed/1 bath units. The subject property has not been on the market in 41 years and is located on "Christmas Tree Lane". DRIVE BY ONLY. DO NOT GO ON PROPERTY WITHOUT LISTING AGENT. TENANT DO NOT KNOW THE PROPERTY IS FOR SALE
    Exterior Features

    Garage Spaces 10.00 Lot Features Level With Street Lot Size Units Square Feet Parking Features Garage Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 690 Average1 Bed Area Units Square Feet Average2 Bed Area 835 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.02 Community Features Curbs Country Us Electric Expense 1700.00 Elevation Units Feet Fuel Expense 515.00 Gardener Expense 2100.00 Gross Income 226488.00 Gross Multiplier 15.83 Gross Operating Income 219693.00 Gross Scheduled Income 226488.00 Insurance Expense 2933.00 Land Lease YN No Laundry YN Yes Licenses Expense 185.00 Maintenance Percent 7.00 Net Operating Income 144089.00 New Construction YN No New Taxes Expense 39653.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 35952.00 Operating Expense Percent 33.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 75605.00 Trash Expense 2485.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 65093.00 Water Source Public Year Built Source Public Records Zoning Lcr305

    Listing provided courtesy of Kevin Lutz of Pasadena Market Center


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T00:27:59.237. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
     
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