7 UNITS | PASADENA
$3,150,000

FIRST TIME ON THE MARKET IN OVER 20 YEARS!  We are pleased to present the opportunity to acquire a turn-key, 7 unit apartment property in one of the most sought after parts of Pasadena.  Currently this is the only property, larger than five units, that is available to purchase South of Colorado Blvd.  The meticulously maintained building shows no signs of deferred maintenance and boasts as a WALKER’S PARADISE with its prime location.  It offers an array of desirable features such as full copper plumbing, a pitched roof that was recently replaced and updated windows to name a few.

There are Two 2 Bed +1.5 bath townhouse style units, Four 2 Bed + 1 bath units and One 1 Bed + 1 bath unit and ALL have washers and dryers inside.  The two-story units are about ~900 SF, the 2Bed units are about ~850-875 SF and the 1Bed is over 600 SF, making these units generous in space and rental desirability.  Almost all of them have been remodeled to include newer cabinets in kitchens and hallways, Quartz countertops, Vinyl plank flooring and updated appliances including dishwashers.  These apartments have a history of quickly renting, further adding to the stability of this investment.

Offering on-site, gated parking with a secured entrance helps limit property access only to tenants.  The former laundry room can be utilized to potentially increase rental income as a value-add opportunity for the next owner.  The units are separately metered for electricity and gas and each with their own water heater.

Properties in this condition and this part of the city rarely come up for sale, so don’t miss out on buying this prime piece of real estate.