The Earlham Apartment are listed with the objective to accomplish a 1031 Exchange. This turnkey property contains an attractive mix of Studio, 1-Bedroom, and 2-Bedroom units. Property amenities include ample parking while each unit has a private patio/balcony, stainless appliances, and tasteful granite countertops. The property has undergone a substantial amount of upgrades over the years that provide residents with a modernized living environment. Earlham Apartments is a rare opportunity for an astute investor to purchase an apartment building with a proforma 5% Cap Rate and significant upside in one of the most exclusive markets in Southern California.
The Earlham Apartments is located in Pasadena, conveniently located near the 710 and 210 Freeway. The city of Pasadena is highly recognized for its centralized location, with popular local attractions such as The Shops on Lake Avenue, The Huntington Library and North Simon Museum near Old Town Pasadena. Additionally, the property is just a few miles from Rose Bowl Stadium and Brookside Golf & Country Club. With its convenient positioning to local attractions, plazas, and freeways, the Earlham Property offers an investor the opportunity to acquire a turnkey property Listed by Gary Tolfa, Triqor Group.