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$ 1,000,000
Est. payment | /mo
4 Beds
6,807 Sqft Lot
$ 1,000,000
Est. payment | /mo
4 Beds
6,807 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25256939
Bedrooms 4
Lot Size 6,807 Sqft
Lot Dimensions 56x121
Property Sub-Type Res Income 2-4 Units
Property Description
Unique investment opportunity in the heart of Pasadenaperfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Additional property highlights include: Common laundry facility / Two water heaters/One electric meter and one gas meter/ Delivered with existing tenants in place This is a rare chance to secure a well-located, income-producing property with strong upside potential in a high-demand rental market. Whether youre looking to expand your portfolio or begin a new project, this property offers both stability and opportunity. New sewer line.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Green Street- West of Hill Ave
Interior
Heating Floor Furnace
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5735015003
Acceptable Financing Cash
Listing Terms Cash
Listed by Enrique Lizarazu COMPASS