471 Prescott StPasadena, CA 91104

Property Details for 471 Prescott St

Year built

1908

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,660 SF

Zone code

PSR3

Property type

Apartment buildings

APN

5730-001-009

APU

5730001009

Description

This exceptional investment opportunity presents a five-unit multi-family property situated at 471 Prescott Street in Pasadena, California. The property boasts a substantial 0.22-acre lot and a total of 3,600 square feet of living space. The main structure is a charming three-bedroom, one-bathroom craftsman-style home, featuring a beamed living room, formal dining room with plate rail, a kitchen with built-in china cabinet, breakfast room, laundry room, and a bonus room with its own separate entrance. This front house is beautifully maintained and retains significant character. The rear of the property comprises four additional rental units, all currently occupied by long-term tenants. One building houses a two-bedroom unit downstairs and a one-bedroom unit upstairs, which includes an enclosed porch currently used as an additional bedroom. A separate building contains two one-bedroom units, one on each floor. All four rear units are in good condition. The property is located on a desirable street known for its craftsman-style homes and is situated within a beautiful neighborhood. This property offers a compelling blend of residential charm and strong rental income potential, making it an ideal addition to any investment portfolio. The asking price is $1,050,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,104

  6.5%

  $1,122,558

  7%

  $1,042,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,074,286

  Geo Method

  $1,078,778

• Alternative Use

  Use

  Valuation

  Residential

  $1,122,558

  Hospitality

  $1,028,257

  Educational

  $855,498

  Medical

  $884,920

  Retail

  $1,330,774

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.168

Longitude

-118.141

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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