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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,350,000

Est. payment - /mo

8,119 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26168649

Construction Status Turnkey

HOA Y/N No

Year Built 1948

Annual Tax Amount $13,001

Lot Size 8,119 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With it's desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Interior

Interior Features All Bedrooms Down

Heating Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Water Heater, Dryer, Washer

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Asphalt, Detached Carport, Driveway, Paved

Garage Spaces 1.0

Carport Spaces 2

Garage Description 1.0

Fence Wood

Pool None

Community Features Curbs, Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Accessibility None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces North

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Cottage, Traditional

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5743002009

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Susan Cook COMPASS 626-253-1323, DRE #02015404

NEARBY SCHOOL & BUSINESS

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