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Casa Sierra Apartments

$4,790,000

515 N El Molino Ave, Pasadena, CA 91101

Active
Last Updated: 04/24/2025

245,120

NOI

11,794 sqft

Building Size

Details:
NOI:    $245,120
Building Size:    11,794 sqft
Lot Area:    21,030 sqft
Units:    16
Year Built:    1955
Zoning:    PSR1
MlsNumber:    AR25088228
Floors:    2
Parking Spots:    16
Baths:    16
Highlights:
  • Average Occupancy Rate: 100.0
  • Gross Income: $ 366672.0
  • Heating Type: Baseboard
  • Garage Description: Detached Garage
  • Age: Over 50 Years Old
  • Community Type: Gated
  • Road Type: City / Town Street
  • Lot Size: Under 1/2 Acre
  • Cooling: Wall Unit A/C
  • Area Description: Suburban
Description:

Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.

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