Pasadena, CA 91103,267 Barthe DR
Pasadena, CA 91103,267 Barthe DR
Pasadena, CA 91103,267 Barthe DR
Pasadena, CA 91103,267 Barthe DR
Pasadena, CA 91103,267 Barthe DR
Pasadena, CA 91103,267 Barthe DR
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$3,800,000

Est.Price: ?

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Est. payment /mo

26 Beds

18 Baths

11,117 SqFt


SOLD DATE : 10/31/2023

Key Details

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 11,117 sqft

Price per Sqft $274

MLS Listing ID 23300163

Sold Date 10/31/23

Bedrooms 26

HOA Y/N No

Year Built 1959

Lot Size 0.491 Acres

Property Description

I am pleased to offer for sale Pasadena Gardens, a 18-unit apartment community located at 267 Barthe Drive. The subject property is located south of Mountain Street and east of the 210 Freeway. The building is within a 5-minute drive to a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. The property is in a location that is safe, attraction-rich, and near renowned schools and strong employment drivers like California Institute of Technology, Jet Propulsion Laboratory, and Fuller Theological Seminary. Situated on a 21,376 square foot parcel, the property is comprised of one studio, eight one-bedroom units, and nine two-bedroom units. The property has 122% remaining rental upside through unit renovations. Pasadena Gardens presents investors a unique opportunity to attain a rare mid-sized asset in a prime Pasadena location that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Interior

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 17

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 5726008019

Special Listing Condition Standard

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CRMLS – RECore
Listed by Sean Rosenzweig Marcus & Millichap
Bought with Sean Rosenzweig Marcus & Millichap
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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