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Listed by Alexander Metaxas - DRE #01784652 - Realty Investment Advisors, Inc. 424-377-6001 Listing Courtesy of: DRE #01438644

$1,688,000

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383 El Molino Avenue Pasadena, CA 91101

Cluster Residence

4 Beds

3 Baths

2,131 Sq. Ft.

0.14 Acre Lot

Property Activity

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Last updated on 1/7/2025 3:16 AM

Listing Details

TRIPLEX IN EXCELLENT LOCATION! Tucked away on the corner of S. El Molino Ave. and the small side street Palm View Place, sits this fantastic triplex with so much to offer a new owner. Just a few blocks and short walk to South Lake Ave. and Trader Joe's make these excellent rentals or an owner user... opportunity. There is one 2 Bed + 1 bath unit, approx. 900 SF +/- and two 1 Bed + 1 bath units, approx. 600 SF +/- each, (Buyer to independently verify square footages). Two units have been completely remodeled and offer wood flooring, recessed lighting, updated kitchens and bathrooms including cabinets/appliances and newer central AC and heat. The building features updated plumbing and electrical, a pitched roof that is in great condition and enclosed garages for three cars in addition to open parking on the driveway. A big value add play is the possibility to convert the garages to an ADU fourth unit, Buyer to verify with city. Each unit has its own water heater and they are separately metered for gas and electricity. The property is subject to local Pasadena rent control, so buyers are encouraged to verify and familiarize with local laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY. Continue reading

MLS#

24472869

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1951

Square Feet

2,131 sq. ft

Lot Size