X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.