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PRICE $1,500,000 dsIDX morgage calculator
HOME SIZE 4,660 sqft
LOT SIZE 11,762 sqft

We are pleased to offer for sale a great opportunity for a contractor or experienced investor to purchase investment property with tremendous upside. The buildings have undergone very extensive updating and renovation work including plumbing, electrical, windows, foundation, but need a buyer to finish out the project. Once complete the new owner will have a fully updated property bringing great rental income. The property features a main building with five units consisting of four 1 bedroom, 1 bath and one 2 bedroom, 2 bath units. There is a separate 2 bedroom, 2 bath house that was completely renovated and includes a newly built 2-car garage with direct access into the house. The renovation work has been done through the City of Pasadena and includes new plumbing, electrical, windows, but still needs the completion of the building exterior and three unit interiors. A relatively short walk to Old Town Pasadena, this property is located in a high rental demand area and can yield really stable income. Rents, GRM and CAP Rate are based on three remaining units having renovations complete and rented at market rents. TENANTS ARE UNAWARE OF THE SALE. PLEASE DO NOT DISTURB THEM OR WALK ONTO PROPERTY. DRIVE BY ONLY.

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Listing provided by : Alexander Metaxas, Realty Investment Advisors, Inc.

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 9/16/21 9:33 AM PDT 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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