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276 S Sierra Madre Blvd 22 Unit Apartment Building $8,133,938 CAD ($369,724 CAD/Unit) 5.50% Cap Rate Pasadena, CA 91107
INVESTMENT HIGHLIGHTS
- TURN-KEY PROPERTY!
- GATED SECURED ON-SITE PARKING
- UPDATED INTERIORS, ELECTRICAL, PLUMBING, WINDOWS, ROOF, LANDSCAPING
EXECUTIVE SUMMARY
TURN-KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on-site gated parking, offering a low-maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass-thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1-bed + 1-bath units and 18 well-designed singles, totaling approximately 8,820 square feet of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride-of-ownership asset in a supply-constrained submarket.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$674,528
|
$75.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$20,236
|
$2.28
|
| Effective Gross Income |
$654,293
|
$73.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$207,150
|
$23.32
|
| Net Operating Income |
$447,142
|
$50.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $674,528 |
| Annual Per SF | $75.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,236 |
| Annual Per SF | $2.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $654,293 |
| Annual Per SF | $73.65 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $207,150 |
| Annual Per SF | $23.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $447,142 |
| Annual Per SF | $50.33 |
PROPERTY FACTS
| Price | $8,133,938 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $369,724 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.50% | Building Size | 8,884 SF |
| Gross Rent Multiplier | 12.06 | Average Occupancy | 97% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | RM-16, Pasadena | ||
| Price | $8,133,938 CAD |
| Price Per Unit | $369,724 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 12.06 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,884 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | RM-16, Pasadena |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Crown Molding
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | $2,395 CAD | 370 |
| 1+1 | 4 | $3,112 CAD | 520 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 5330-001-007 | Improvements Assessment | $1,358,160 CAD (2025) |
| Land Assessment | $3,565,185 CAD (2025) | Total Assessment | $4,923,345 CAD (2025) |
PROPERTY TAXES
Parcel Number
5330-001-007
Land Assessment
$3,565,185 CAD (2025)
Improvements Assessment
$1,358,160 CAD (2025)
Total Assessment
$4,923,345 CAD (2025)
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276 S Sierra Madre Blvd
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