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The Warburton Team Brokered By EXp

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

$1,250,000

Est. payment - /mo

7,636 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26185682

Construction Status Fixer

HOA Y/N No

Year Built 1927

Lot Size 7,636 Sqft

Property Sub-Type Apartment

Property Description

Prime Pasadena location near Madison Heights, Metro Gold Line and Old Town Pasadena. Offering an excellent opportunity to own a four-unit multifamily property in a highly desirable area.

The property consists of four studio apartment with 1 bathroom each, providing a total of four units, along with four detached carport parking spaces. Each unit offers a straightforward layout with strong potential for updating and repositioning.

The property is located on a prime Pasadena street, close to shopping, restaurants, transportation, and many of the amenities that make Pasadena such a sought-after market. While the property is in need of updating, this is an opportunity to invest in the location and underlying potential of the property.

The property is zoned RM-32-HL-1, offering potential for additional development, including the possibility of adding another unit or pursuing a new construction project, subject to city approval and applicable zoning requirements.

With four existing units, dedicated carport parking, a desirable Pasadena location, and potential for future development, this property presents an attractive opportunity for an investor, owner-user, or developer looking to add value in one of the San Gabriel Valley's most established markets.

Buyer to verify zoning, development potential, permits, square footage, and all property information with the City of Pasadena and appropriate professionals.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater, Refrigerator

Laundry None

Exterior

Parking Features Assigned

Carport Spaces 4

Pool None

Community Features Curbs, Street Lights

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

View Y/N Yes

View Mountain(s)

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Street Level

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5324004005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

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Listed by Pamela DelRey Art Del Rey Realty, Inc. 626-841-2387, DRE #00864033

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264 E Glenarm Pasadena, CA 91106