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7 UNITS | PASADENA
$2,453,000

Sold
  • Summary
  • Location
  • Amenities

EXCELLENT PRIME LOCATION!  Rare opportunity to acquire this easy to manage, 7-unit apartment property located walking distance to the recently opened Erewhon market and everything South Lake Ave offers.   Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rental growth upside.   On-site carport parking as well as tuck under with soft-story retrofit COMPLETED!   Updated Separate water heaters, laundry room, separately metered for gas/electricity and a pitched roof are some additional features.  NO SOFT-STORY RETROFIT NEEDED!  With below market rents, there is excellent rent growth potential for a long-term investor.  Property is subject to local Pasadena rent control laws.  Don’t miss this chance to invest in such a prized location where few properties trade hands.  PLEASE DO NOT DISTURB THE TENANTS.  DRIVE-BY ONLY.

  • Prime Location – Madison Heights
  • 92 Walk Score – WALKER’S PARADISE
  • Excellent Upside and Value-Add
  • No Soft-Story Retrofit Required
  • Corner Location

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