Contacts

Doug Rodermund

Morgan Skenderian Investment Real Estate Group

(949) 251-8800

Property Details

Property Type Multi-Family
Property Size 13,368 SF
Units 17
Lot Size 0.34 Acre
Property Tenancy Multi-Tenant
Year Built 1989
Date Updated Feb 29, 2024

n/a437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world famous Rose Bowl Game. Pasadena is ideally located near the 210, 134, & 110 Freeways offering residents easy access to all parts of Los Angeles County. This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one bedroom/one bathroom units & (8) two bedroom/ two bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios & balconies and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity.

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Highlights

Price Reduced for Immediate Sale
Assumable Chase Loan at 3.45%
For Sale by Original Owner/Developer
Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans
1989 Construction
5.3% Cap on Current Rents
7.5% Cap on Market Rents

Getting around

74/100
Walk Score ®
64/100
Transit Score ®
91/100
Bike Score ®

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City Pasadena, CA
Neighborhood Bungalow Heaven
Zip Code 91106
Market Los Angeles

Points of Interest

Lake

0.44 miles
Allen

0.65 miles
Memorial Park

1.35 miles
Del Mar

1.57 miles
Fillmore

1.93 miles
Sierra Madre Villa

2.50 miles
South Pasadena

3.26 miles
Highland Park

4.86 miles
Arcadia

5.52 miles
Southwest Museum

6.05 miles

76

0.33 miles
Mobil

0.44 miles
76

0.54 miles
76

0.57 miles
Chevron

0.57 miles
Valero

0.68 miles
Mobil

0.84 miles
Arco

0.97 miles
Panther Petrol

1.07 miles
ARCO 54678

1.10 miles

The Carnegie Observatories

0.53 miles
Student Parking Lot No.10

0.61 miles
Staff Parking Lot No.1

0.62 miles
Student Parking Lot No.11

0.66 miles
Staff Parking Lot No.7

0.75 miles
Student Parking Lot No.3

0.80 miles
Staff Parking Lot No.6

0.80 miles
Staff Parking Lot No.4

0.82 miles
Student Parking Lot No.5

0.85 miles
Lot 11

0.95 miles

Vagabond Inn

0.51 miles
Howard Johnsons

0.65 miles
Pasadena Hotel & Pool

0.67 miles
Saga Motor Hotel

0.68 miles
Westin Pasadena

1.03 miles
Hyatt Place Pasadena

1.15 miles
Travelodge

1.16 miles
Hilton

1.19 miles
Ramada by Wyndham Pasadena

1.21 miles
Centennial Place

1.25 miles

Ralphs

0.49 miles
Target

0.74 miles
Baja Ranch Market

0.97 miles
The Colonnade Mall

1.05 miles
Trader Joe's

1.06 miles
Macy's

1.11 miles
Food 4 Less

1.14 miles
Ross

1.16 miles
Pavilions

1.28 miles
Stater Bros.

1.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

437 N. Chester Avenue