Listed by KEVIN HURLEY with PASADENA MARKET CENTER

531 Prescott Street

Pasadena, CA, 91104

$4,880,000

$551 per ft²
$4,880,000
$551 per ft²
Active
Active
 - For Sale
carpenters-square
8,852 ft²
property_type
Multi-family
calendar
Built 1914
Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. The property was previously licensed as an independent living facility for the visually impaired. The property is currently being leased to market rate tenants. New ownership to perform their own investigation regarding current use, allowable use, and permitted number of units. There are 19 studio units plus the 2 bed/2 bath + office, house. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.
MLS® ID:
WS23008382
Listed:
1/16/23
Updated:
3/20/23

Interior Features

Kitchen Appliances
Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Walk-In Closet(s)
Laundry Description
Common Area
Cooling
See Remarks
Heating
See Remarks

Exterior/Building Features

Lot Size
0.33 acres lot
Lot Details
Street Level
Sewer
Public Sewer

Other Property Details

Area Name
646 - Pasadena (NE)
Association Amenities
Curbs, Gated
Garage
No
Parking
11
Parking Total
11.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
PSC6
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/20/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/20/23 at 4:47 PM UTC

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