Discover a charming front duplex in a prime location. Please respect the privacy of the tenants in the rear unit. This delightful residence features:2 bedrooms and 1 bathroomFaux fireplace in the living areaDining roomAmple parking for two vehiclesWasher and dryer in the kitchenDishwasher and refrigerator includedWith a walk score of 74 and a bike score of 55 (see website), you'll find yourself within distance of numerous restaurants and shopping venues. This home offers the perfect blend of convenience and comfort, inviting you to move in and start creating memories right away.
**PASADENA INCOME PROPERTY!** This versatile property features a total of 4 UNITS, perfect for generating rental income or a multi-family living arrangement. **Front House:** A charming 2-bedroom, 1-bathroom home with 1,054 sqft of living space. **Second Unit:** Located above the garages and studio, this completely renovated unit features new floors and paint. It includes 2 bedrooms and 2 bathrooms across 1,129 sqft. **Third Unit:** Situated at the back of the lot, this single-story unit offers 1 bedroom and 1 bathroom within 672 sqft. **Studio:** Adjacent to the garages, this single-story studio is equipped with a kitchenette and its own bathroom. All units come with NEW ROOFS, Dual pane windows, AC, and Heat, as well as NEW exterior paint. Each unit is clean and can be delivered vacant. Conveniently located within walking distance to Colorado Blvd, you'll have easy access to shopping, dining, and the famous New Year's Rose Parade. Whether you're looking for cash flow or want to live in one unit and rent the others, this property is the perfect opportunity!
481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). With CAP Rate Close to 5% in a Class-A Location, and 100% OCCUPIED. 2 story building was built in 1903 and single story building was built in 1952. BOTH BUILDINGS EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Opportunity is knocking! This is a smart investment for investors and first time buyers. Two residential units on a large lot, excellent for multiple family living. The front house is the original unit. It features nearly 800 square feet with two bedrooms, one bathroom and a large laundry room. The front unit also has a solar panel on the roof. The rear unit features nearly 1100 square feet, excluding the converted 2 car garage. The rear unit has 3 bedrooms, 1.5 bathroom. And as mentioned an attached 2 car garage which has been converted into a den.
1522-1524 Paloma is situated on a wide, tree-lined street, these two 2-bedroom homes are located on a large 11,163 SF lot. The charming 1920s front cottage boasts great curb appeal with a sizable enclosed rear patio. The rear circa 1940s house features a large yard with a mature avocado tree. There is a detached two-car garage situated in between the two homes. The property is sold in its As-Is, Where-Is condition.
LOCATION LOCATION !!! TWO HOUSE ON OVER 10,000S/F LOT CAN BE BUILD MORE AND TOTALLY REMODEL, FLEXIBLE TENANTS LIVE ONE RENT OR RENT BOTH: FRONT HOUSE IS 4 BEDROOMS, 2 BATHS. BACK HOUSE IS 2 BEDROOMS, 2 BATHS. EACH HOUSE GOT THEIR OWN ELECTRIC, GAS METTER, BRAND NEW PLUMBING , ELECTRICAL SYSTEM, NEW DOUBLE PANE WINDOWS, NEW DOORS, NEW INTERIOR AND EXTERIOR PAINT, RECESSED LIGHT, NEW VINYL FLOOR, NEW SHOWERS WITH SLIDING DOORS, NEW KITCHEN CABINETS AND QUARTZ COUNTER TOPS, MINI SPLIT AIR CONDITIONS WITH REMOTE CONTROLS. THEY ARE LOCATED CLOSE TO OLD TOWN PASADENA, ROSE BOWL STADIUM, CAL-TECH AND SO CONVENIENCE ACCESS TO 210 FREEWAY.
RELOCATION FEES PAID The Tenancy Has Been Completed Turned Over With Excellent MARKET RENTS The hard work has been done for YOU - TURNKEY investment opportunity Truly One of A Kind Investment Property - Superb Location nearby PCC, Cal Tech, VONS, and In & Out. Extensive "Pride of Ownership" remodeling was done in 2023. The Complex features 6 two-bedroom units and one 3-bedroom unit. These are highly desirable Townhouse-Styled Units with 7 onsite Parking Spaces. Remodeled interiors with newer interior paint, waterproof flooring, lighting and crown moldings throughout, custom cabinetry, quartz countertops, stainless steel appliances, new sub-panels, and technically upgraded with Nest Thermostats and Ring Cameras. Newer exterior paint, windows and glass sliding doors, and 6 HVAC units, all completed in 2023. Exterior termite repairs completed in early 2023. Copper Plumbing. Separate Electricity & Gas Meters. On Site Laundry Room with 2 Sets of Machines. 7 water heaters instead of one main water heater plus a separate water heater for the laundry room. Excellent demographics with Median Household Income above $95,000 within a 3 mile radius.
Growth Investment Group California, the exclusive listing agents, are proud to offer 1315 N Marengo Ave, Pasadena. This offering provides a whopping ±5.75% CAP Rate and ±7.61% Proforma CAP Rate (buyer to verify), which is currently one of the highest CAP Rate for apartments in Pasadena submarket. The property is a two-story apartment with a charming colonial revival architecture. It was built in 1892; it has a large building size of ±3,608 SF and is situated on a ±8,410 SF lot. It offers a desirable unit mix (for Pasadena rent control area) of two (2) x 2bed+1bath, and Four (4) x Studio units. Four units have been upgraded with brand new flooring throughout, LED lighting, brand new kitchen with quartz countertops + new kitchen cabinets + stainless steel appliances, updated bathroom, and much more. Most of the units are very charming with high ceilings. The remaining non-upgraded 2 units provide ±20% rental upside, which upon turnover will take the current CAP Rate to a whopping ±7.61% proforma CAP Rate (buyer to verify). There is a garage space that is being rented out for an additional income. The property is a “smart building” with lighting and sprinkler watering controlled via smartphone, and it is secured via a security camera monitoring system. The property has new exterior paint and new common area paint as well. It has a total of 7 parking spaces at the back (5 garages + 2 open space). No parking soft story is required. New owners can take advantage of the garage by renting it out or even converting it into ADU. The property has a common laundry area – the seller owns the machines. Each unit is separately metered for electricity and gas. The property is located on Marengo Ave, crossing Washington Blvd. It is located several minutes east of 210 FWY and minutes away from Old Town Pasadena. It is within minutes from Rose Bowl area, The Paseo on Colorado, museums, theaters, entertainments, groceries, cafes, shops, and other fantastic amenities in Pasadena. It has a good demographic of $102,038 average household income within a 1-mile radius. The property has superb access to FWY 210 and FWY 134 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway. It is minutes away from FWY 110 that connects to Downtown Los Angeles.
3.3% ASSUMABLE LOAN, ALL 2 bed Turnkey units, Soft-Story Retrofit completed, New Roof, 5.92% Cash-on-Cash return with significant upside. 278 E Washington Blvd is a 24-unit TURNKEY garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. This offering provides a rare opportunity for investors to acquire a fully upgraded and very well-maintained apartment community in a mature market with high demand for rental units. It has a very attractive assumable loan with ±46% LTV at 3.30% interest rates fixed until September 2026 – 1% loan assumption fee with JP Morgan Chase Bank. This offering and current assumable loan provides an excellent in-place ±5.92% Cash-on-Cash return on year-1 making it a perfect place to park investors fresh capital or even investors 1031 exchange money into a safe and desirable real estate asset in a mature market. The property is an attractive two-story garden style community that was built in 1964 with ±19,002 SF building size and situated on a ±25,460 SF lot size. It has excellent curb appeal with a completely refaced exterior (new paint, new signage, new wood paneled entrance cover) and completely redone landscaping. The current owner has spent a tremendous amount of extra capital further upgrading the property with a new roof, repaved driveway, new water heater, new HVAC for some units, rebuilt balcony for some units, new exterior paint, and other improvements. It offers a superb unit mix of twenty-four (24) 2 bed + 1 bath units. About ±70% of the community are on RUBS program for gas bill reimbursement leaving significant RUBS upside for the remainder of 30% of the units. The building has a secure entrance with gated parking and a security camera system installed. Each unit is spacious with open space layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Most of the units have open floor plan providing spacious feel, and some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows. The property is separately metered for electricity and serviced by a new master water heater. Most recent leases have a RUBS program in place.
A diamond in the rough nestled adjacent to the charming neighborhood of Bungalow Heaven, and just moments away from the iconic Rose Bowl and the vibrant atmosphere of Old Town, lies this expansive Mid-Century building comprising four units, totaling 4,987 square feet on a generous 7,741 square foot lot. The property is being sold as-is Each unit boasts spacious interiors and dedicated parking spaces. One unit will be available for occupancy upon close of escrow. Centrally located, this four-unit property offers stability for any type of investor, whether a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Wonderful investment opportunity. 6 unit property currently operating as a sober living facility. Property consists of 3 sperate buildings with a building square footage of 4,758. Property can be purchased together with Sober Living Facility Business.
1710 Sierra Bonita is a turnkey and beautifully upgraded 12 single-story bungalows by the San Gabriel foothill mountain area. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, and just within minutes to eaton canyon area this exclusive property offers superb amenities to tenants. It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. It offers a good unit mix of 6 x 1bed+1bath bungalows, and 6 x Studio bungalows with some unit have private yard. Each unit has been completely upgraded inside out with modern and attractive upgrades such as: in-unit laundry machines, new flooring, new kitchen with modern kitchen countertops + cabinets + kitchen appliances, new tiled bathroom, new mini-split HVAC systems. The exterior has been completely upgraded with new paint throughout, new landscaping, new fence + gate, new driveway, and so much more. Each unit is individually metered for electricity and gas, and any house electrical and gas bills are billed back to tenants. Parking is provided by combination of private attached garage, attached carports, and shared attached garages. This property is being sold together with its adjacent properties # 1704 N Sierra Bonita, and 1728 N Sierra Bonita. If buyer only buys this property individually, some of the parking on this property will be located at 1704 N Sierra Bonita (contact listing broker to clarify).
1704 Sierra Bonita is a turnkey and beautifully upgraded 6 single-story bungalows by the San Gabriel foothill mountain area. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, and just within minutes to eaton canyon area this exclusive property offers superb amenities to tenants. It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. It offers a good unit mix of 6 x 1bed+1bath bungalows with some units that have private yard. Each unit has been completely upgraded inside out with modern and attractive upgrades such as: in-unit laundry machines, new flooring, new kitchen with modern kitchen countertops + cabinets + kitchen appliances, new tiled bathroom, new mini-split HVAC systems. The exterior has been completely upgraded with new paint throughout, new landscaping, new fence + gate, new driveway, and so much more. Each unit is individually metered for electricity and gas, and any house electrical and gas bills are billed back to tenants. Parking is provided by carport parking. This property is being sold together with its adjacent properties # 1710 N Sierra Bonita, and 1728 N Sierra Bonita. If buyer buys this property individually, some of the parking on this property will be allotted for properties located at 1710, 1728 N Sierra Bonita (contact listing broker to clarify).
1728 Sierra Bonita is a turnkey and beautifully upgraded 8 single-story bungalows by the San Gabriel foothill mountain area. It offers an excellent unit mix of 1 x 3bed+2bath front house (with parking garage), and 7 x 1bed+1bath bungalows (with front yard). Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, and just within minutes to eaton canyon area this exclusive property offers superb amenities to tenants. It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. . Each unit has been completely upgraded inside out with modern and attractive upgrades such as: in-unit laundry machines, new flooring, new kitchen with modern kitchen countertops + cabinets + kitchen appliances, new tiled bathroom, new mini-split HVAC systems. The exterior has been completely upgraded with new paint throughout, new landscaping, new fence + gate, new driveway, and so much more. Each unit is individually metered for electricity and gas, and any house electrical and gas bills are billed back to tenants. Parking is provided by combination of private attached garage, attached carports, and shared attached garages. This property can be purchased individually or together with the 2 adjacent properties (# 1710 and #1704).
Welcome to 1065 E. Mountain St. a rare opportunity in the heart of Pasadena's Bungalow Heaven neighbor. This duplex situated in a prime location, offers tremendous potential for the savvy investor or homeowner looking to create their dream property. This fixer-upper presents a unique chance to customize and renovate to your exact specifications. With a little TLC, this property can shine once again, offering ample space and versatility. Each unit within this duplex provides its own distinct charm and character, waiting to be revitalized into modern living spaces. Whether you're looking to restore it to its former glory or reimagine it entirely, the possibilities are endless. The duplex consists of a 1 bedroom & 1 bathroom in each unit. Nestled in a sought-after neighborhood, this property enjoys McDonald Park, renowned dining establishments, shopping centers, and cultural attractions. Don't miss out on this incredible opportunity to transform 1065 E. Mountain St into the investment or residence of your dreams. Unlock the potential that awaits within.
Consistent Increasing CAP Rates w/ ZERO Vacancy for the next 2 to 5 years! 265 N Oakland Ave, a turnkey, fully upgraded (with permits), and ZERO VACANCY 19 units luxury apartment in the City of Pasadena. The property is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area (Walk Score 90 and Bike Score 85). This offering provides a Recession Proof, ZERO VACANCY apartment opportunity secured by a master lease with a local Christian College based in Pasadena. It provides the benefits of a commercial master lease while providing reliability of a turnkey multifamily asset in a strong and mature market. With known annual rent increases, the return/CAP Rate on this investment will be significantly higher as time progresses. This Master Lease structure bypasses the new Pasadena Rent Control (Measure H), and the property enjoys Property Tax Exemption/Reimbursement for the current tenant. The master lease commenced in June 2019 and has just been renewed with a 3-year terms until June 2026, with three x 1-year option that runs until June 2029. The sale includes a Zoning Analysis Report showing a possibility to add Two (2) ADUs (each ±800SF - Buyer to verify). The property, which has been completely renovated in 2018-2019 with permits, was built in 1962 is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of four (4) large 2-bedroom+2-bathroom, and fifteen (15) 1-bedroom+1-bathroom units. Each unit is complete with an in-unit laundry and private patio. It is separately metered for gas and electricity, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. It has 19 parking spaces at the back. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation in 2018-2019 (ALL PERMITTED) with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless-steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures.
Courtesy: IDEAL REALTY
Explore this charming duplex in Pasadena, offering comfort and versatility for multi-generational families. This property presents an opportunity to add an ADU, transforming it into a 3-unit investment. The front unit boasts 3 beds, 2 baths, new flooring, refinished cabinets, reglazed countertops, upgraded plumbing fixtures, wainscoting in the living room, a spacious dining area, central AC, and more. The rear studio unit, features laminate floors, fresh paint, window AC, and a stainless steel sink.
Great potential for investors. 5 units multi-family apartment located in a high-rental demand area with 100% occupancy. Units 249, 255, & 1596 Locust are downstairs with 1 spacious bedroom 1 bath, 2 bedroom 1 bath, & 2 bedroom 1 bath respectively. 251 & 253 are upstairs with 1 bedroom 1 bath each. The property is located close to Lake Metro Gold Line, Pasadena City College, and Old Town Pasadena. Walking distance to a public library, a children’s center, and a park.
Located in quiet neighborhood. Walking distance to Metro Gold Line & Lake Ave. Two Buildings with 4 Total Units. The front building has 3 bedroom plus 1 bonus room (2 bedroom and bonus room downstairs & 1 bedroom upstairs) with 3 bathroom, about 1,636 sq Ft. The other building is about 2,239 Sq Ft with three units of 2 bedroom 1 bathroom each. 100% Occupancy. This home is conveniently located to Pasadena Downtown/Freeway 210/Bus Stations/Pasadena City College/Art Center College. Great potential for investors for a great return on their investment.
Exceptional investment opportunity:Bring offers for this beautiful 4 BUiLDINGS , sale is for 2 parcels 130 and 136 S. Michigan Ave. total 18 units must be sold together. 100% leased. 11400 sq ft living area, 22058 lot size. Property located in a quiet street walking distance to the Cal Tech, PCC, Old town, Shopping center on Lake Ave. Hardly any vacancy, usually rented within 1 week, easy to manage.The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been 40% renovated. It is a two-story garden style apartment with 11-Studios 500 sq.ft. 4- 1Bedroom 665 sq. ft and 3-2Bedrooms 750 sq. ft (2unit) 1100 sq.ft. (1unit) Sold As Is.
LOCATION!LOCATION!LOCATION! 12 units pride of ownership,near Old Town, Surrounded by new construction. Many units have formal dining rooms .newer paint & dual glazed windows. Upside in rents. This is a Must See. Xlnt for 1031 exchange..
Well located, well maintained 10 unit building with great mix. Please review physical inspection/ termite inspection and all other disclosures with your agent prior to considering an offer.
5 Units on a nice size lot in Pasadena with LOTS of potential! This is an old beautiful Craftsman Style Building that can be turned into a gem in Pasadena. Perfectly located near the 210, in a beautiful residential area. This is a corner lot that is just waiting for an owner with inspiration.DO NOT DISTURB TENANTS.This is an AS-IS Sale, only serious offers will be considered.
420 and 434 S Euclid Ave, two Madison Heights area multifamily investment opportunities only 2 blocks south of OLD TOWN PASADENA! The seller’s family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years)! These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield Junior School, a well-known and highly rated private Catholic school. The street is a mature and quiet residential area with superb access to Old Town Pasadena amenities. 420 S Euclid is a very attractive single-story bungalow style apartment that was built in 1921 (by seller’s family). It consists of seven (7) individual houses/bungalows (no shared wall between unit) on a large ±19,492sf R3zoned lot. It has a total of ±6,133 SF building size with very well-maintained center courtyard. It offers an excellent unit mix with three (3) x large 2bedroom+1bathroom bungalows, and four (4) x 1bedroom+1bathroom bungalows. Recent capital improvements were updated electrical, mostly copper plumbing, ±6-year-old roof, exterior repainting in 2012, etc. (Buyer to verify). Each unit is spacious and large with an excellent layout, large dining room that could double a den or extra room (with built-in cabinets), breakfast nook, original hardwood flooring, charm, and character. Each unit has an individual water heater and separately metered for electricity and gas. There is a shared laundry room in the parking area (laundry room’s gas is using one of the unit’s gas meter). Parking for 420 S Euclid is provided by 5 garages, 1 carport, and 1 open space. There is a large common area backyard on the side of the laundry room/behind 1 of the bungalows. EUCLID COURT - 434 S Euclid is a charming and attractive 6-unit apartment next to 420 S Euclid. It consists of a fourplex in the front and duplex in the back. It was originally a 2-unit that was built in 1913, the four additional units (2 in the front, and 2 in the back) were built in 1950s. It offers a good unit mix of two (2) x 2bed+1bath, and four (4) x 1bed+1bath units. It has a total of ±4,309sf building size and is situated on a large ±9,750sf R3 lot size.
Pasadena is located in California. Pasadena, California has a population of 141,231. Pasadena is less family-centric than the surrounding county with 30.45% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Pasadena, California is $76,264. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Pasadena is 37.9 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 45.8 degrees. The average rainfall is approximately 21.6 inches per year, with 0 inches of snow per year.
