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    266 Thorne Street

    Highland Park, CA 90042
    • $1,595,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: PF20165968
    UPDATED: 8 min ago
    $1,595,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,477
      SQFT
    • $459
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Great Opportunity at 13.9 GRM and 6% CAP rate! Well Kept Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on a quiet Cul de Sac tree lined street just across the bridge to South Pasadena in the Garvanza area. Totally Remodeled in 1989 and several units recently renovated with updated tiled kitchen and baths. Tenants pay their own separately metered gas, electric, and trash and have own water heaters. Easy to rent with USC professionals and university graduate students since location is freeway convenient and minutes to downtown LA and Pasadena. Extra Large 1 bedroom (unit A) upstairs has tree views, Fireplace, Crown moldings, air conditioning, stack able washer & dryer and an entry staircase enclosed in the apartment making it unique and artsy. All units except one have private washers & dryers. Unit E upstairs is also extra large.All units have bamboo or laminate flooring. Unit B (large studio is almost as big as a one bedroom) was just totally remodeled with brand new kitchen cabinets, new shower, new appliances, new wood looking waterproof vinyl flooring. Small patio areas in the back and front of the building are geared for tenant relaxation. This is a place where you would want to live yourself. It has potential for upside on rents and is in a very good location. Please see supplement for more information or call.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T16:32:57.947. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/108919173
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    266 Thorne Street Highland Park, CA 90042

    • Price: $1,595,000
    • Status: Active
    • Updated: 8 min ago
    • ID#: PF20165968
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,477
    SQFT
    $459
    $/SQFT
    1989
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Great Opportunity at 13.9 GRM and 6% CAP rate! Well Kept Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on a quiet Cul de Sac tree lined street just across the bridge to South Pasadena in the Garvanza area. Totally Remodeled in 1989 and several units recently renovated with updated tiled kitchen and baths. Tenants pay their own separately metered gas, electric, and trash and have own water heaters. Easy to rent with USC professionals and university graduate students since location is freeway convenient and minutes to downtown LA and Pasadena. Extra Large 1 bedroom (unit A) upstairs has tree views, Fireplace, Crown moldings, air conditioning, stack able washer & dryer and an entry staircase enclosed in the apartment making it unique and artsy. All units except one have private washers & dryers. Unit E upstairs is also extra large.All units have bamboo or laminate flooring. Unit B (large studio is almost as big as a one bedroom) was just totally remodeled with brand new kitchen cabinets, new shower, new appliances, new wood looking waterproof vinyl flooring. Small patio areas in the back and front of the building are geared for tenant relaxation. This is a place where you would want to live yourself. It has potential for upside on rents and is in a very good location. Please see supplement for more information or call.
    Exterior Features

    Lot Features Front YardSprinklers Timer Lot Size Source Assessor Lot Size Units Square Feet Roof Composition

    Interior Features

    Condo Area Units Square Feet Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Laundry Features InsideStackableWasher Included

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 0.00 Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Cap Rate 6.00 Country Us Effective Gross 114600 Electric Expense 300.00 Expense Year 2019 Gross Scheduled Income 114600.00 Inclusions 6 Refrigerators6 Stoves Insurance Expense 2026.00 Investment Property YN Yes Land Lease YN No Land Use Multi-Family Laundry Income 0.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Maintenance Expense 660.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 103512.00 Number Of Units Leased 6 Occupancy Occupied Operating Expense 11088.00 Other Expense 507.00 Professional Management Expense 0.00 Property Sub Type Multi Family Real Estate Tax Expense 3431.00 Resident Manager Expense 0.00 Special Listing Conditions Trust Sprinklers YN Yes Tax Annual Amount 3431.00 Tax Year 2019 Total Expenses 11088.00 Total Monthly Rent 9550 Trash Expense 564.00 Water Sewer Expense 3600.00 Water Source Public Year Built Source Seller

    Listing provided courtesy of Christina Dreyer of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T16:32:57.947. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

     
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