55 Arlington Drive
About This Property
Drive in Pasadena, California. Built in 1948 and completely rehabbed
throughout in 2016, the offering consists of extremely large units with a mix of
5 one-bedroom/one-bathroom, 1 two-bedroom/one bathroom and 2 two-bedroom/
two-bathroom units. The property is situated on a 14,627-square foot
lot with 7,248-square feet of gross rentable area. Known as the original Budweiser-
Bush Stable building, the now converted property offers tenants convenience
proximate to all dining, entertainment, transportation, nightlife and other
amenities. This investment offering provides a savvy investor the opportunity to
own a truly turnkey property in a strong and centrally located rental pocket of
Pasadena.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2019 | Sold | ||
| Sold | |||
| Feb 25, 2019 | Listed by Coldwell Banker Arcadia | $3,690,000 | |
| Listed by Coldwell Banker Arcadia | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/25/2019
| |
Studio
|
-
|
-
|
$3,690,000
Studio
-
|
$3,600,000
-2.44%
05/02/2019
|
Caroline Khabbaz
Coldwell Banker Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017