840 Fair Oaks AvePasadena, CA 91103

This exceptional Class A multifamily investment property, located at 840 N Fair Oaks Ave in Pasadena, CA 91103, presents a compelling opportunity. The property, built in 2016, boasts a total of 9,520 square feet on a 14,636 square foot lot, encompassing four buildings with two stories each. The meticulously maintained complex features a desirable mix of ten units: three 3-bedroom/2.5-bathroom townhomes, two 2-bedroom/2-bathroom units, two 1-bedroom/1.5-bathroom townhomes, two 1-bedroom/1-bathroom units, and one commercial office space. All units are currently 100% occupied, generating a substantial Net Operating Income (NOI) of $224,337, representing a 4.40% cap rate. The asking price is $5,098,000, or $509,800 per unit, and the price per square foot is $535.50. Units feature modern finishes including hardwood floors, stainless steel appliances, and washer/dryer hookups. Central heating and air conditioning are standard. The property includes 15 parking spaces (14 standard, 1 handicap accessible) with rear alley access. The complex is gated and features a landscaped courtyard. Its convenient location offers easy access to the 210 Freeway, Rose Bowl, Old Town Pasadena, and the Jet Propulsion Laboratory. The property is zoned RM-32 and is offered fee simple. This turnkey asset is ideal for investors seeking low-maintenance, high-cash-flow potential.