1711 Fremont

Description

1711 Fremont Ave is a well-maintained 1950-built (extensively owner-remodeled in recent years) 6-unit apartment building offering 5,315 square feet on a 9,257 sq ft lot, proudly situated in the award-winning, top-notch South Pasadena Unified School District with NO RENT CONTROL. Residents enjoy a short 5-10 minute walk to all three schools — South Pasadena High School, Middle School, and A+-rated Arroyo Vista Elementary — making it ideal for families in one of the area’s safest and most quiet residential neighborhoods.The unit mix features three 2-bedroom units (Units A and B are identical 2-story townhouse-style layouts with 2 bedrooms and 1.5 baths upstairs/downstairs; Unit F offers 2 bedrooms, 1 bath, and a huge private balcony) and three 1-bedroom/1-bath units. Four units have been brought to near-new condition with modern kitchens (stainless steel sinks, dishwashers, cabinetry), updated bathrooms, new flooring, paint, and lighting. Units C, D, and E share identical floor plans, while flooring finishes vary slightly across the remodeled units. The property includes covered carport parking for every unit, upgraded electrical panels, a sprinkler system, window air conditioning units, and a shared on-site laundry room providing additional income.Just one block from Fair Oaks Ave, the building is conveniently near parks, the Metro Gold Line, and vibrant shops/restaurants along Fair Oaks and Mission Street. This combination of premier school access, extensive owner upgrades, and rarity — first time available in over 18 years — presents a compelling value-add opportunity with a pro forma cap rate of 4.02% at the $2,880,000 asking price, achieved by leasing the four vacant units to market rents.Four units will be delivered vacant at closing (several strong applications with excellent credit currently under review and on hold — contact agent for details). The sale is subject to the seller completing a 1031 exchange with a preferred closing window of February to March 2026.