Multifamily
59 S Sierra Madre Blvd
59 S Sierra Madre Blvd, Pasadena, CA 91107
Listing Price: $1,995,000
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 59 S Sierra Madre Blvd, a Seven-unit investment opportunity located in the vibrant 91107 zip code of Los Angeles.
59 S Sierra Madre Blvd
Investment Highlights
- Seven-Unit Multifamily Property in Pasadena: Well-located asset situated along Sierra Madre Blvd within the desirable 91107 submarket.
- Strong In-Place Occupancy: The property is currently 100% occupied, providing stable, immediate cash flow.
- Value-Add Upside Through Rent Growth: In-place rents remain below comparable market levels, offering upside through natural turnover and rent realignment.
- Attractive Unit Mix: Comprised primarily of one-bedroom units plus one larger three-bedroom unit, appealing to a broad tenant base.
- Convenient Access & Neighborhood Appeal: Proximity to local amenities, employment centers, and regional transit throughout Pasadena and surrounding areas.
- Solid Pro Forma Performance: Pro forma NOI growth driven by rent increases, supporting improved cap rate and GRM metrics.
Exclusively Listed By
Listing Price: $1,995,000
Investment Highlights
- Seven-Unit Multifamily Property in Pasadena: Well-located asset situated along Sierra Madre Blvd within the desirable 91107 submarket.
- Strong In-Place Occupancy: The property is currently 100% occupied, providing stable, immediate cash flow.
- Value-Add Upside Through Rent Growth: In-place rents remain below comparable market levels, offering upside through natural turnover and rent realignment.
- Attractive Unit Mix: Comprised primarily of one-bedroom units plus one larger three-bedroom unit, appealing to a broad tenant base.
- Convenient Access & Neighborhood Appeal: Proximity to local amenities, employment centers, and regional transit throughout Pasadena and surrounding areas.
- Solid Pro Forma Performance: Pro forma NOI growth driven by rent increases, supporting improved cap rate and GRM metrics.
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 59 S Sierra Madre Blvd, a Seven-unit investment opportunity located in the vibrant 91107 zip code of Los Angeles.
Exclusively Listed By
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