780 Earlham Street
Pasadena, CA 91101
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1964 build
- – on site
We are pleased to present Sharlotte Apartments, a 16-unit apartment community in Pasadena, CA. This property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with balconies/patios, gated entry, covered parking, individual gas and electric meters, and a sparkling pool. The building has undergone several exterior upgrades such as soft story retrofitting, reinforced balconies & decks, all new windows, new electric panels, and a new roof (2021). The interiors have been tastefully renovated with granite countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring or new carpet, and upgraded bathrooms. This multigenerational asset has been meticulously maintained throughout ownership and is on the market for the first time in 48 years. With strong in-place rents, the property generates a current cap rate of 5.7%, 7.1% with market rents, offering an investor roughly 20% upside in rental income. This trophy asset is ideal for investors seeking a well-maintained, well-located turnkey asset with upside potential and no differed maintenance.
Last checked:
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Last updated Jan 15, 2025
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MLS# PW24242697 —
The Building
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Year Built:1964
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:14468.00
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Building Area Units:Square Feet
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Total Number Of Units:16
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:16
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# of Separate Water Meters:1
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# of Separate Electric Meters:16
Interior
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Entry Location:/
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Laundry:Common Area
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Laundry:1
Location
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Directions:Driving East on E. Villa St., Turn Left Onto N. Lake Ave., Turn Left on Earlham St., Property Will Be On Your Left.
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Latitude:34.15644500
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Longitude:-118.13442600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:PSR1
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Lot Features:Rectangular Lot
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Lot Size Area:16801.0000
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Lot Size Acres:0.3857
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Lot Size SqFt:16801.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4622.01
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5731016019
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks
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Pool:Community
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:21.00
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Carport Spaces:21.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/2/24
Dec 2, 2024
|
Listed / Active | CRMLS_CA | $5,600,000 |