Great opportunity to own a 4-unit, beautifully maintained investment property with a diverse mix of units from 2 Bedroom/2 Bathroom up to a 4 Bedroom/2.5 Bath offering excellent upside potential. The front house offers great curb appeal with a grand front porch and upstairs balconies overlooking the grassy fenced front yard shared by the two front units. The insides of the units offer classic features like fireplaces and arched doorways. The first front unit features a 1,500 sf. 2 Bedroom - 2 Bath with loft. The second unit is a roomy 1,677 sf unit featuring 4 Bedrooms - 2.5 Baths. Each unit is assigned it's own garage with a washer and dryer in each. There is a large open space between the buildings for additional parking. In the rear of the property is a second building offering two identical 3 Bedroom - 2 Bath units. There is a shared carport with one space for each unit. The upstairs unit opens to a beautiful custom deck for those tenants exclusive use. The bottom unit has exclusive access to a back patio area extending the length of the building. The recent addition of individual laundry facilities for the rear two units is a potential source of extra monthly income. In addition to being amazingly maintained the property owner has done extensive upgrades including new roofs, copper plumbing, complete exterior paint, landscaping, earthquake retrofit, resurfaced driveway and more. All units are tenant-occupied ensuring immediate rental income. This property is conveniently located close to bus stops, grocery stores, restaurants, shops, with easy access to Old Town and the Rose Bowl and all Pasadena has to offer. Don't miss this opportunity to add this excellent property to your investment portfolio!
The income description goes here to explain
List Price | $1,749,500 |
Property Type | Fourplex (4-units) |
Usable Sqft | Unknown |
Number of Stories | 3 stories |
Parking Spots | 2 spots |
Year Built | 1932 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 5838014005 |
MLS # | AR25052126 |
Property ID | 292731282 |
Lot Sqft | 10,881 |
Zoning | PSR3 |
Total Units | 4 |
Days on Market | 22 |
Original List Price | $1,749,500 |
Date Updated | March 27, 2025 |
Date Created | March 07, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $101,345 | $0 |
Net Income (Yr) | $ 74,794 |
Susan Cook an agent of . Lic #02015404
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REAL ESTATE AGENT