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Listed by Matt Cuong Ly • Coldwell Banker Realty
$7,500,000
Est. payment /mo
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $7,500,000
MLS Listing ID CRAR25178432
HOA Y/N No
Year Built 1965
Lot Size 9,524 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Flooring Vinyl
Fireplace No
Laundry Inside
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613