266 Thorne Street

Highland Park, CA 90042

$1,595,000
Price
—
Beds
—
Baths
3,477 Sq. Ft.
$459 / Sq. Ft.
3,477
Sq. Ft.
$459
per Sq. Ft.

Description

Great Opportunity at 13.9 GRM and 6% CAP rate! Well Kept Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on a quiet Cul de Sac tree lined street just across the bridge to South Pasadena in the Garvanza area. Totally Remodeled in 1989 and several units recently renovated with updated tiled kitchen and baths. Tenants pay their own separately metered gas, electric, and trash and have own water heaters. Easy to rent with USC professionals and university graduate students since location...Great Opportunity at 13.9 GRM and 6% CAP rate! Well Kept Legal 6 Unit Craftsman Style Pride of Ownership Apartment building on a quiet Cul de Sac tree lined street just across the bridge to South Pasadena in the Garvanza area. Totally Remodeled in 1989 and several units recently renovated with updated tiled kitchen and baths. Tenants pay their own separately metered gas, electric, and trash and have own water heaters. Easy to rent with USC professionals and university graduate students since location is freeway convenient and minutes to downtown LA and Pasadena. Extra Large 1 bedroom (unit A) upstairs has tree views, Fireplace, Crown moldings, air conditioning, stack able washer & dryer and an entry staircase enclosed in the apartment making it unique and artsy. All units except one have private washers & dryers. Unit E upstairs is also extra large. All units have bamboo or laminate flooring. Unit B (large studio is almost as big as a one bedroom) was just totally remodeled with brand new kitchen cabinets, new shower, new appliances, new wood looking waterproof vinyl flooring. Small patio areas in the back and front of the building are geared for tenant relaxation. This is a place where you would want to live yourself. It has potential for upside on rents and is in a very good location. Please see supplement for more information or call.
  1. Listed by Christina Dreyer • DRE #00999071 • Brokerage DRE #00899496 • Sotheby's International Realty

Property Details for 266 Thorne Street

Total Units
6.0
Lot Size Source
Assessor
Building Area Total
3477
Building Area Units
Square Feet
Stories Total
2
Parcel Number
5492039018
Area
Highland Park (632)
Directions
Cross South Pasadena bridge from Pasadena Ave When becomes York turn Left on Ave 66
LISTING UPDATED: 08/28/2020 11:15 AM

Property Details for 266 Thorne Street

StatusActive
MLS #PF20165968
Days on Market1628
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1989
Lot Size0.16 AC / 6,998 SF
CountyLos Angeles County

Building Information for 266 Thorne Street

Stories2Residences-Year Built1989Building Size-Lot Size0.16 AC / 6,998 SF

Property Information for 266 Thorne Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $114,600
  • Net Operating Income: $103,512
  • Laundry Income: $0
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $11,088
  • Expense Year: $2,019
  • Electric Expense: $300
  • Insurance Expense: $2,026
  • Maintenance Expense: $660
  • Professional Management Expense: $0
  • Other Expense: $507
  • Trash Expense: $564
  • Water Sewer Expense: $3,600
  • Real Estate Tax Expense: $3,431
  • Total Expenses: $11,088
Tax / Assessment Info
  • Tax Year: 2019
  • Tax Annual Amount: $3,431
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Stackable, Washer Included
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Roof: Composition
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Front Yard, Sprinklers Timer
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Sprinklers: Yes
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,975
  • Unit Type Type: 1
  • Unit Type Description: xtra large 1 bedroom
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,695
  • Unit Type Type: 2
  • Unit Type Description: xtra large 1 bedroom
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,695
  • Unit Type Type: 3
  • Unit Type Description: xtra large studo like 1
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,295
  • Unit Type Type: 4
  • Unit Type Description: xtra large studo like 1
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,495
  • Unit Type Type: 5
  • Unit Type Description: xtra large studo like 1
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,395
  • Unit Type Type: 6
  • Unit Type Description: studio renovated
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 1

Property History for 266 Thorne Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 266 Thorne Street

Taxable ValueLand$1,061,208Additions$573,652Total$1,634,860
Tax Record2024$20,463 ($1,705 / month)
Home Facts
Total Finished SqFt3,260 SqFtAbove Grade Finished SqFt3,260 SqFtLot Size6,998 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD2CountyLOS ANGELESAPN5492-039-018

Schools near 266 Thorne Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Garvanza Elementary School
PublicK to 5

Luther Burbank Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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266 Thorne Street is a multi-family home for sale in Highland Park, CA 90042. This property was listed for sale on August 14, 2020 by Sotheby's International Realty, it's currently listed at $1,595,000. It has been on the market for a total of 1628 days and was last sold on October 23, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pascual Elementary Science Technology Engineering Arts And Mathematics (STEAM) Magnet, Garvanza Elementary School and Luther Burbank Middle School. 266 Thorne Street is a 0-bed, 0-bath, 3,477 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Christina Dreyer, DRE #00999071

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.