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$945,000
Est. payment /mo
4 Beds
2 Baths
2,052 SqFt
OPEN HOUSE
Sat Jun 14, 12:00pm - 2:00pm
Sun Jun 15, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,052 sqft
Price per Sqft $460
MLS Listing ID 25551647
Bedrooms 4
HOA Y/N No
Lot Size 8,080 Sqft
Property Description
Exceptional opportunity to own a duplex in the heart of Pasadena, ideal for investors, developers, or owner-users seeking value-add potential. Hitting a target cap rate of 9-12% is doable depending on your strategy with the upside in rents and additional unit(s). Located north of the 210 freeway, this gem sits on a generous lot, offering tremendous upside and flexibility for future expansion. Both units are to be delivered vacant, making this a perfect blank slate to renovate, rent, or reimagine. With ample lot space, there may be potential to add an ADU, a third unit, or explore other development opportunities (buyers to independently verify with the City of Pasadena regarding zoning, density, and building regulations). Located on a picturesque tree-lined street near Pasadena City College, Caltech, and vibrant shops and dining on Lake Avenue, this property is a rare find in a great location with plenty of upside. Don't miss this chance to transform a fixer into a profitable long-term investment or develop sell at a premium disposition price.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Zoning PSR4
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area, Outside
Exterior
Parking Features Detached Carport
View Y/N No
View None
Attached Garage No
Total Parking Spaces 4
Building
Faces West
Story 1
Entry Level One
Architectural Style Traditional
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5732018042
Special Listing Condition Standard
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Listed by Brock J Worthen • Keller Williams Realty Los Feliz