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$ 2,500,000
Est. payment | /mo
5 Beds
5 Baths
0.35 Acres Lot
$ 2,500,000
Est. payment | /mo
5 Beds
5 Baths
0.35 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26212134
Bedrooms 5
Lot Size 0.351 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Between Michigan and Chester Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5739011025
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Bill Toth, DRE#01023622 First Class Real Estate
Nearby Locations
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