Pasadena, CA 91106,400 S Mentor Avenue

$7,500,000

Est. payment /mo

$7,500,000

Est.Price: ?

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400 S Mentor Avenue Pasadena, CA 91106

24,827 SqFt

SOLD DATE : 05/31/2023

Key Details

Sold Price $7,500,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 24,827 sqft

Price per Sqft $302

MLS Listing ID CL23255029

Sold Date 05/31/23

HOA Y/N No

Year Built 1966

Lot Size 0.524 Acres

Acres 0.52

Property Description

We are proud to present this 21-unit multifamily property at 400 S Mentor Ave. With Caltech University's campus steps to the east and The Shops on Lake Avenue steps to the west, this property is ideally located in one of the most sought pockets of Pasadena, and it has an impressive walk score of 95(walker's paradise). 400 S Mentor has never been sold before. The seller's father built this property 56 years ago, back in 1966, and it has been in the family ever since. Sitting on over a half-acre of land, this 24,827 square foot property boasts a great unit mix of (12) 2 bed / 2 bath units, (5) 1 bed / 1.5 bath units, (2) 1 bed / 1 bath units, and (2) studios. The units are very large, with the average unit size being over 1,000 square feet, and the 1st floor units all come with a large, private patio while the 2nd and 3rd story units come with a private balcony. The property's large laundry room has 3 washers and 3 dryers, all leased from WASH, and the laundry room provides each tenant with their own locker where they can store items outside their unit. Other property features include: 24 parking spaces at the rear of the property, fully secured with 24-hour monitoring, a relaxing entry lobby, an elevator that is serviced monthly, professionally managed, and the property is separat

Location

State CA

County Los Angeles

Zoning PSR4

Interior

Fireplace No

Laundry Community Facility

Building

New Construction No

Others

Tax ID 5735029024

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Bridge MLS
Listed by Filip Niculete • Marcus & Millichap
Bought with FilipNiculete
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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