1720-1724 Huntington Dr

Sale Summary

1720-1724 Huntington Dr is a 24-unit apartment building in South Pasadena, CA 91030, closed for $5,800,000. That works out to $241,667 per unit and $318 per square foot of building area.

Known as Huntington Arms, this property is two separate 12-unit buildings built in 1928 on a 17,515 SF lot in South Pasadena, about six miles from downtown Los Angeles. The mix is eight studios and sixteen 1-bedroom/1-bath units, with updated electrical wiring, copper plumbing and 10 on-site parking spaces. We represented the buyer, who also acquired our listing at 1540 Laurel St. Part of the appeal was the structure: California requires a resident manager at apartment buildings of 16 or more units when the owner does not live on site, and here each building has 12, below that threshold. In our experience, investors tend to prefer buildings under 16 units, or large enough, around 20 units and up, to justify the cost of an on-site manager.

This sale is part of the Highlight Multifamily Group track record. See it on our closed sales map.