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$ 1,250,000
Est. payment | /mo
6,947 Sqft Lot
$ 1,250,000
Est. payment | /mo
6,947 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26240762
HOA Y/N No
Year Built 1912
Lot Size 6,947 Sqft
Property Sub-Type Multi Family
Property Description
NextHome Grandview is proud to present this five-unit complex in Northwest Pasadena, just blocks from Old Town Pasadena's popular shops, restaurants, and entertainment. This complex is conveniently located near the 134 and 210 freeways and within walking distance of the Lake Metro station.
This multifamily investment offers two remodeled vacancies, existing rental income, and potential for future expansion or redevelopment under the City's new North Lake Specific Plan.
The property includes (1) studio, (3) one-bedroom units, and (1) two-bedroom unit. The remodeled studio and a (1) bedroom unit are currently vacant, offering immediate leasing opportunities. The remaining three units are occupied.
Buyers can explore adding two to four units for a total of seven to nine, or redevelop the existing structures into an eight-unit complex, subject to City approval and buyer verification of allowable density and development feasibility.
Inquire today to schedule a private showing and explore the property's income and development potential.
This multifamily investment offers two remodeled vacancies, existing rental income, and potential for future expansion or redevelopment under the City's new North Lake Specific Plan.
The property includes (1) studio, (3) one-bedroom units, and (1) two-bedroom unit. The remodeled studio and a (1) bedroom unit are currently vacant, offering immediate leasing opportunities. The remaining three units are occupied.
Buyers can explore adding two to four units for a total of seven to nine, or redevelop the existing structures into an eight-unit complex, subject to City approval and buyer verification of allowable density and development feasibility.
Inquire today to schedule a private showing and explore the property's income and development potential.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5732018026
Special Listing Condition Standard
Listed by Michael Zargarian NextHome Grandview 310-720-9231, DRE #01778557