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About This Property
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.