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Listed by Amy Pace • The Agency
$ 2,560,000
Est. payment | /mo
4,248 SqFt
$ 2,560,000
Est. payment | /mo
4,248 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $602
MLS Listing ID CRPF24229101
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1920
Lot Size 9,358 Sqft
Property Description
Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on t
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Lot Description Corner Lot
Water Public
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Paul LeJoy
Broker-Owner | Lic# 01467744