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$ 2,195,000
Est. payment | /mo
8 Beds
6 Baths
4,407 SqFt
$ 2,195,000
Est. payment | /mo
8 Beds
6 Baths
4,407 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,407 sqft
Price per Sqft $498
MLS Listing ID 26942719
Bedrooms 8
HOA Y/N No
Lot Size 8,263 Sqft
Property Description
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, the property benefits from its proximity to two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR4
Interior
Heating Wall Furnace
Fireplace No
Appliance Microwave
Exterior
Parking Features Concrete, Uncovered
Building
Story 2
Entry Level Two
Architectural Style Cape Cod
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5735016006
Special Listing Condition Standard
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652