405 N Mentor Avenue

  • Pasadena

  • $2,200,000
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Residential Income Details

Description
405 N. Mentor Avenue offers investors the unique opportunity to acquire an 8-unit, garden-style apartment complex in the city of Pasadena. Walking Distance to the Gold Line’s Lake Station, shopping, banks, and restaurants, the property is ideally located. The property offers a diverse unit mix of (3) studio apartments of ± 365 sq.ft., (1) studio + loft of ± 250 sq.ft., (2) one bed/one-bath of ± 500 sq.ft., (1) two-bed/one-bath unit of ± 700 sq.ft., and (1) two-bed/1 bath +loft of ± 750 sq.ft.The asset is comprised of two wood frame buildings, 407 N. Mentor in the front and 405 N. Mentor in the rear. Built in 1908, the 407 building is two-stories in the front and one-story in the rear (the rear portion was built in 1954). The building’s roof is pitched composition shingle and has a raised foundation that is reinforced and bolted. Other upgrades include a new service panel, new electric wiring & subpanels, and new copper plumbing. In addition, there are solar water heater panels and approximately a 600 sq. ft. basement with exterior entrance. The rear building 405, is a one-story, raised foundation with pitched composition shingled roof. This building has new electrical service panels, and a raised deck in front. There are many exterior improvements and period details in the units. Do not go on property. Tenants do not know it is for sale.
Essential
MLS #WS18100319
Price$2,200,000
Number of Units8
Sale TypeStandard
StatusActive
Listing BrokeragePASADENA MARKET CENTER
Listing AgentKEVIN LUTZ
Listing Agent BRE #00925595
Interior
HeatingWall Heater
Exterior
Garage Spaces0
PoolNone
Community
Area699 - Not Defined
CommunityCurbs
Address405 N Mentor Avenue
CityPasadena
CountyLos Angeles
StateCA
ZipCode91106
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, July 31, 2018. 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.