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.

Priscilla Nee of CBRE represented the private seller and the buyer in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.