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A dissolving partnership has sold a value-add apartment property in South Pasadena for $11 million to a local private buyer. The 32-unit property is 80% renovated, leaving some upside for the buyer.

The 24,616-square foot property is located at 635 Prospect Avenue, and features a mix of one- and two-bedroom units. The building is in a non-rent-controlled location and is walking distance to the Gold Line, Mission St, Fremont Ave, and Fair Oaks Ave.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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