405 N MENTOR AVENUE, PASADENA CA 91106

  • 3,808 sq.ft.
  • 10,825 sq.ft. lot
offered at $2,200,000
MLS#:WS18100319
Status: Active // Property Type:
County: Los Angeles // Year Built: 1908

Property Description

405 N. Mentor Avenue offers investors the unique opportunity to acquire an 8-unit, garden-style apartment complex in the city of Pasadena. Walking Distance to the Gold Line’s Lake Station, shopping, banks, and restaurants, the property is ideally located. The property offers a diverse unit mix of (3) studio apartments of ± 365 sq.ft., (1) studio + loft of ± 250 sq.ft., (2) one bed/one-bath of ± 500 sq.ft., (1) two-bed/one-bath unit of ± 700 sq.ft., and (1) two-bed/1 bath +loft of ± 750 sq.ft.The asset is comprised of two wood frame buildings, 407 N. Mentor in the front and 405 N. Mentor in the rear. Built in 1908, the 407 building is two-stories in the front and one-story in the rear (the rear portion was built in 1954). The building’s roof is pitched composition shingle and has a raised foundation that is reinforced and bolted. Other upgrades include a new service panel, new electric wiring & subpanels, and new copper plumbing. In addition, there are solar water heater panels and approximately a 600 sq. ft. basement with exterior entrance. The rear building 405, is a one-story, raised foundation with pitched composition shingled roof. This building has new electrical service panels, and a raised deck in front. There are many exterior improvements and period details in the units. Do not go on property. Tenants do not know it is for sale.

Listing Courtesy of KEVIN LUTZ, PASADENA MARKET CENTER

Interior Features

Heating: Wall Heater

Exterior Features

Exterior Features: Curbs
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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