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Listed by Handoko Chen • Growth Investment Group Pasade
$1,800,000
Est. payment /mo
9,004 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25222041
Year Built 1959
Lot Size 9,004 Sqft
Source California Regional MLS
Property Description
First Time for Sale Since 1981, 6-unit Value-add near Caltech and PCC, Significant Rental Upside, Fully Upgraded Electrical Panels, Roofs are in Excellent Condition, Garage in the back for ADU conversion. A 6-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1981. Fully occupied, current rents are approximately ±56% below market - all tenants are month-to-month. It is located only between Allen Ave and Hill Ave and within walking distance from CALTECH and Pasadena City College. It is minutes away from most of City of Pasadena amenities such as Lake Ave Shopping District and Old Town Pasadena. It has excellent demographics of ±$143,972 average household income in a 1-mile radius. The property offers excellent curb appeal with well-manicured front lawn and mature trees. Ownership recently upgraded the main electrical panels for each unit and resurfaced the driveway. It consists of 2 buildings, a fourplex in the front, and a duplex in the back. The property has a total 3,936SF living space and sits on a large 9,004SF CL Zone Lot (Commercial Limited - buyer to verify). The front building was built in 1959 and the back 2 units were built in 1927 (based on cit
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Rooms
Kitchen Garbage Disposal, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces, Detached Garage
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5749016014
Special Listing Condition Not Applicable
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