This 67% vacant building in a highly desirable area of Pasadena offers a savvy investor opportunity to buy single-story bungalow style apartments in an excellent part of Pasadena. This is the first time the property is being offered for sale in 28 years. The property is only several blocks north of Old Town Pasadena and has a high Walk Score 86 – Bike Score 91. The property is a single-story bungalow style apartment that was built in 1937. It is situated on a large ±13,128 SF lot. It has been carefully maintained and has undergone major upgrades such as updated electrical panels, and sewer line (buyer to verify during due diligence). It offers a desirable unit mix of two x 2bed+1bath, and four x 1bed+1bath units. All the units have had some upgrades, and 3 of the units have been fully upgraded with high-end and modern updates. Each unit has original hard wood flooring, double pane windows, individual water heater, laundry hookups (except 1 unit – 3 units come with laundry machines), private patio, mini-split A/C & heating. Three units are currently being rented as vacation rentals and will be delivered fully upgraded and fully furnished. The 4th vacant unit has had some updates. The property has 5 garage spaces and 3 open parking spaces totaling 8 spaces. From 5 garages, only 2 are assigned to tenants leaving the remaining 3 available for extra income or even ADU conversion. Each unit has an individual water heater and separate meters for electricity and gas. No parking soft story is required.
|
DAYS ON MARKET
|
5
|
LAST UPDATED
|
1/6/2025
|
|
YEAR BUILT
|
1937
|
COMMUNITY
|
Pasadena (NW)
|
|
GARAGE SPACES
|
5.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Gas Range, Refrigerator, Water Heater |
| AREA |
Pasadena (NW) |
| GARAGE |
Assigned, Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.3 acre(s) |
| LOT DESCRIPTION |
Back Yard, Front Yard, Landscaped, Lawn, Street Level |
| PARKING |
Assigned,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Bungalow |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
PSR1 |
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Listed with Growth Investment Group Pasade
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/10/25 10:07 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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