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The Warburton Team Brokered By EXp

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

$2,500,000

Est. payment - /mo

0.35 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26212134

HOA Y/N No

Year Built 1965

Lot Size 0.351 Acres

Property Sub-Type Apartment

Property Description

Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio.

One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one.

Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area.

With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 16

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Total Parking Spaces 16

Private Pool No

Building

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5739011025

Energy Description 3668.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Bill Toth First Class Real Estate 818-434-2110, DRE #01023622

NEARBY SCHOOL & BUSINESS

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