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    1170 Huntington Dr

    South Pasadena, CA 91030
    • $7,200,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 20-629128
    UPDATED: 54 min ago
    $7,200,000
    • 31
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,526
      SQFT
    • $436
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    School District:

    Description

    1170 Huntington Drive represents a very rare offering; available For Sale for the first time in 23 years, this 20-unit multi-family asset, originally built in 1956, consistently benefits from 100% occupancy and features a favorable unit mix of spacious & bright 1 and 2 bedroom units. The R3-zoned lot sprawls 25,262 SF and sits proudly on a prominent corner location, close to endless lifestyle, shopping and dining amenities. Nine 1-bedroom, 1-bathroom units, and eleven 2-bedroom, 1-bathroom units are spread throughout the 2-story, center courtyard designed building, featuring a large swimmers pool and sun-filled decks in the middle. Many of the units are tastefully updated w/ modern touches and desirable aesthetics. Professionally managed, the asset features separate utility meters, parking + additional storage for all residents, a common-area laundry room and open-air walk-ways. An Investor can benefit from approximately 20% upside in rents, allowing for accelerated future growth.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T14:43:09.997. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109814606
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    1170 Huntington Dr South Pasadena, CA 91030

    • Price: $7,200,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 20-629128
    31
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    16,526
    SQFT
    $436
    $/SQFT
    1956
    Built
    Neighborhood:
    Addition #1 To Oneonta Park
    County:
    Los Angeles
    Area:
    South Pasadena
    School District:
    South Pasadena
    Property Description
    1170 Huntington Drive represents a very rare offering; available For Sale for the first time in 23 years, this 20-unit multi-family asset, originally built in 1956, consistently benefits from 100% occupancy and features a favorable unit mix of spacious & bright 1 and 2 bedroom units. The R3-zoned lot sprawls 25,262 SF and sits proudly on a prominent corner location, close to endless lifestyle, shopping and dining amenities. Nine 1-bedroom, 1-bathroom units, and eleven 2-bedroom, 1-bathroom units are spread throughout the 2-story, center courtyard designed building, featuring a large swimmers pool and sun-filled decks in the middle. Many of the units are tastefully updated w/ modern touches and desirable aesthetics. Professionally managed, the asset features separate utility meters, parking + additional storage for all residents, a common-area laundry room and open-air walk-ways. An Investor can benefit from approximately 20% upside in rents, allowing for accelerated future growth.
    Exterior Features

    Carport Spaces Total 19 Covered Parking 19 Cross Streets Maple Street Direction Faces East Entry Location Main Level Exterior Construction Stucco Levels Two Lot Description Exterior Security LightsLandscapedLot Shape-RectangularLot-Level/FlatSidewalksSingle LotStreet AsphaltUtilities Underground Lot Location Corner LotCity Lot Size Area 25262 Other Structures Stall(S) Parking Garage AssignedCarportCarport DetachedCovered ParkingDetachedDrivewayTandem Patio Features None Paved YN Yes Pool Description FencedIn GroundCommunity Pool YN Yes Roof CompositionShingle Spa None Spa YN No Sprinklers None Style Traditional Tennis Court None Total Parking 26 View Description CourtyardTree TopPool View YN Yes Water Frontage None

    Interior Features

    Bathroom Features RemodeledTile Baths Total 20.00 Bedroom Features Master Bedroom Common Walls Attached Cooking Appliances Cooktop - GasOven-GasFree Standing Gas Cooling Wall Unit(S)Air Conditioning Den No Dining Room No Equipment Range/OvenGarbage Disposal Family Room No Fireplace Rooms None Flooring MixedLaminateCarpetLinoleumTile Foundation Details Raised Heating Wall Gas Interior Features Built-InsCommon WallsDrywall WallsStorage Space Kitchen Features Counter TopGranite CountersRemodeledTile Counters Laundry CommunityRoom Laundry Equipment Own Rooms Dining AreaLiving RoomMaster Bedroom Water Heater Features Multi-Tank Windows Screens

    Property Features

    Alley YN No Assessed Total Value 1794878 Gross Income 429407 Gross Operating Income 429407 Land Lease Type Fee Like Units1 9 Like Units2 11 Monthly Gross Income 35784.00 Net Operating Income 262718.27 Number Of Buildings 1 Number Of Units 20 Owner Pays Pool ServiceGardenerWater Property Condition No Additions/Alter Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemResident ManagerSmoke Detector Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 166688.8 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Spr310000*

    Listing provided courtesy of Allen Roth DRE#01272304 of Sotheby's International Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T14:43:09.997. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355