451 East Sacramento Street 451 East Sacramento Street Altadena, California 91001 United States
451 East Sacramento Street Altadena, California 91001 United States
$5,000,000
الحصول على إرشادات الطريق
Built in 1924, 451 E. Sacramento Street offers an investor the opportunity to acquire an 8-unit asset on an over 30,000-square-foot lot in Altadena, California. The property is comprised of (8) 1BD/1BA + Den units with over $540,000 spent on...
- .7406 فدادين
- Exterior
- Residential Income
- نوع العقار
- 1924
- Year Built
- PW23179341
- Web Id
- PW23179341
- MLS ID
- 212
- days ago
نبذة عن 451 East Sacramento Street
Built in 1924, 451 E. Sacramento Street offers an investor the opportunity to acquire an 8-unit asset on an over 30,000-square-foot lot in Altadena, California. The property is comprised of (8) 1BD/1BA + Den units with over $540,000 spent on capital improvements, including new plumbing, roofing and electrical ugrades already completed. Current ownership has received approval from the City allowing the lot to be subdivided into three (3) separate parcels with the ability to build eight (8) new ADUs across the parcels, for additional rental revenue of approximately $386,400 annually. With the construction of the ADUs, the property can be stabilized at a 11.85% cap rate and 6.98 GRM. Resident utility billing (RUBS) has been implemented across the property to lower operational expenses. The property is Mills Act eligible, allowing new ownership the opportunity for significant tax savings*. 451 E. Sacramento Street offers an assumable Freddie Mac loan of $1,646,000 at 5.25% with 5 years of interest only payments remaining.
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- موقف سيارات
- كراج
PROPERTY INFORMATION
- Community Info
- Mountainous
- Garage Info
- 12
- Sewer
- PublicSewer
- Water
- Public
EXTERIOR
- Lot Description
- Item610UnitsAcre
ADDITIONAL INFORMATION
- Number of Units
- 8
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916