Listed by CHRISTIAN FUENTES, RE/MAX TOP PRODUCERS,

605 E Orange Grove Boulevard

Pasadena, CA, 91104

$1,349,900

$458 per ft²
$1,349,900
$458 per ft²
Active
Active
 - For Sale
carpenters-square
2,944 ft²
property_type
Multi-family
calendar
Built 1924
Amazing 4 unit investment property in Pasadena, CA. Building is approximately 2,944 sq ft. Proforma rents are $8,800 per month allowing the landlord to collect over $105,000 a year in Annual Gross Income. All tenants are long term and are on month to month lease. This is a stable investment that would allow the Landlord to hedge inflation with a large upside in rents. This great investment has (4) 1Bed/1B units. This property has updated paint, new roofing on the large detached four car garage, updated foundation and ADU potential. The building sits on a large 7,001 sq ft lot conveniently located near the Playhouse district, Pasadena City Hall, Old Town Pasadena and the world Famous Urth Caffe. It is just 9 minutes from the Rose Bowl and Norton Simon Museum. Bring your best offers, this will sell FAST!
MLS® ID:
CV22235583
Listed:
11/1/22
Updated:
2/4/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer Hookup, Gas Dryer Hookup, Laundry Room, Outside
Fireplace
None
Cooling
Evaporative Cooling

Exterior/Building Features

Lot Size
7,002 ft² lot
Lot Details
Greenbelt, Lawn, Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
Association Amenities
Curbs, Street Lights, Sidewalks
Garage
Yes
Garage Spaces
4
Parking
4
Parking Total
4.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
PSR6
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/10/23
Price Change
$1,349,900
-2%
1/2/23
Price Change
$1,388,900
0%
12/9/22
Price Change
$1,399,900
-2%
11/29/22
Price Change
$1,439,900
0%

Listed by RE/MAX TOP PRODUCERS, CHRISTIAN FUENTES,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/4/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 4:57 AM UTC, 2/4/23

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