Pasadena 5 to 25 unit properties:

Pasadena / Los Angeles County / California

Sold For $ 1,190,000

Property detail

Property overview

Price
Sold For $ 1,190,000
ID
316004223
Type
5 to 25 Units
Contract
Sold
Location
Pasadena / Los Angeles County / California
Baths
5
Beds
8

Back on the Market! Great opportunity to own this fully rented & well established multi-dwelling investment property located in desirable Pasadena neighborhood. Endless possibilities to improve on existing structure and significantly increase the monthly rental amounts. NO rent control. Long term tenants currently paying below market rentals. New owner can benefit not only from the great location of this building but also from the huge upside in rents from the total of 5 units comprised of THREE 2-bedroom/1 bath units & TWO 1-bedroom/1bath unit in 3,506 sf on a 7,723 sf lot with on-site carport parking for tenants. Building passed a City inspection 2 years ago. Buyer to verify any potential redevelopment options with the City. Property sold AS-IS in its present condition. One 1-bedroom unit will be vacant as of July 31st. Please make offers subject to inspection. This is a Trust sale that does not require court confirmation. Trustee has no knowledge of the physical condition of the property. Motivated seller!

Based on information from the Association of REALTORĀ® /Multiple Listing as of 2017. All data, including all measurement and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The above information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy:
Shelley Mitchell, Coldwell Banker

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