285 293 E Woodbury Road

Altadena, CA 91001

Excellent location centrally located near shopping, parks, Rose Bowl and mountains. This 5-unit property has a total building size of 4,252 square feet. All single story 2 bedrooms, 1 bathroom, a front and back door, a private yard and a single car garage. Constructed in 1960 on 11,255 square foot lots, and comprised of three separate buildings. Recent property upgrades include new roof and facia, new asphalt(complete removal and replace) and exterior paint. The property is serviced by individual water heaters and separately metered for gas and electric. With rents 40% below market, a pro forma cap rate of over 6.5%, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. Property is fully occupied and tenants are on month to month agreements. APNs included in sale 5839020035, 5839020036

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