Pasadena CA Multi Family for Sale

ADDITIONAL INFORMATION

This charming Traditional, built in 1939, is sited on a tree-lined street in Northeast Pasadena. Its light-filled floor plan offers two bedrooms, one tastefully remodeled bath, spacious living room with fireplace, formal dining room and laundry room, plus generous closet space throughout. The sunny kitchen showcases ample cabinetry, quartz counters and new stainless steel appliances. Architectural details abound, including refinished hardwood floors, built-ins, authentic period hardware and elegant moldings. Modern comforts -- newer central heating and air conditioning, updated electrical panel and plumbing, and fresh interior and exterior paint -- seamlessly blend with the home's timeless character. In the rear, a private patio leads out to the fenced yard complete with mature plantings. A second unit at 1766 Whitefield Road, built in 1958, features one bedroom, one full bath, dining area and separate yard. Currently occupied by a long-term tenant, it has updated plumbing and a newer electrical panel. In addition, the large workshop, conveniently adjacent to the detached double garage, is well-suited for use as a studio or home office. Whether you're an owner-occupant looking to offset costs with rental income or an investor seeking substantial upside potential, this property presents an exceptional opportunity in a desirable location.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a PRIME Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets, tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market.

ADDITIONAL INFORMATION

***ATTRACTIVE INTEREST-ONLY SELLER FINANCING AVAILABLE! $300,000 DOWN, 6.75% INTEREST-ONLY, BALANCE DUE IN 5 YEARS•••. Located in a quiet northeast Pasadena neighborhood, this single-level property features two units but can easily be used as a single-family residence. The front house offers two bedrooms and one bath, with approximately 811 sq.ft. of living space. The back house, facing Oxford and free-standing, includes one bedroom, one bath, a kitchen, and a living room, with around 542 sq.ft. The back house has a postal address of 1830 Oxford Ave. While the property requires some TLC to realize its full potential, it is being sold "AS IS. "Situated near the historic Highlands, Alta Dena Golf Course, and within walking distance to Washington Village’s shopping and dining, this home offers an excellent location. Please note: Drive-by only. Do not disturb tenants.

ADDITIONAL INFORMATION

Move-In Ready Duplex with ADU Potential – Perfect for First-Time Buyers and Investors! This incredible property offers two vacant units at close of escrow, ready for immediate occupancy or rental! With eligibility to add an ADU (Accessory Dwelling Unit) in place of the carport, this is a fantastic investment opportunity. The front unit features a spacious living room with a cozy fireplace, three large bedrooms, a full bathroom, and a 3/4 bathroom. Enjoy the convenience of an updated kitchen with a dining area, and modern upgrades like a newer roof, copper plumbing, and central air and heat. The back unit is perfect for in-laws or rental income, offering a comfortable 1-bedroom setup with its own living room, kitchen, and full bathroom. Separate utility meters make renting easy and hassle-free. Additional highlights include a two-car carport, a large concrete patio, and an unbeatable location just steps from the bus stop, grocery stores (Stater Bros.), Wells Fargo, and Starbucks. This property is a rare find—ideal for first-time home buyers looking to live in one unit and rent the other. Don't miss out on this prime opportunity!

ADDITIONAL INFORMATION

Impressive Triplex! A rare opportunity to purchase three units that include a house in the front and two additional units in the back. The front house features 3 bedrooms, 2 bathrooms, hardwood floors in the living room, dining area and bedrooms, a fireplace, large gated front yard with fruit trees and a finished attic. Each back unit offers 1 bedroom, 1 bathroom, laundry hook-up, and its own one car designated parking spot. Located in a great neighborhood in Pasadena. Conveniently located near freeways, shop, and restaurants. A Must See!

ADDITIONAL INFORMATION

OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.

ADDITIONAL INFORMATION

OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.

ADDITIONAL INFORMATION

INCREDIBLE 6.04% IN-PLACE CAP RATE! We are pleased to present the opportunity to acquire a rare and exceptional 28-unit multifamily property in Pasadena, CA. Originally constructed in 1932 with an addition in 1949, 1559 N Hill Avenue exudes charm and sophistication with its stately colonial architecture and large columned front porch. The property comprises (22) 1-bedroom units, (5) studios, and (1) 2-bedroom, 1-bath unit. There is a beautifully landscaped central courtyard surrounded by a gorgeous vintage Mellenthin-inspired second-floor catwalk. At the rear of the property is a large, easily-accessible surface parking lot with room for 25 vehicles. Tenants have access to a secured, oversized laundry room as well as to a large bike storage room.These spaces as well as another unused storage room are each roughly 1,000 square feet and could be repurposed for any number of different amenities or they could be potentially converted to additional ADU units. The property has been well maintained with only two owners over the past 40+ years. A major overhaul of the electrical system was completed in 2010 which included main panel and transformer replacement as well as rewiring of all units. The building exterior and interior common areas were recently painted as well. Furthermore, there is no need for soft story or similar seismic retrofitting. 1559 N Hill is located in Pasadena's Historic Highlands neighborhood. This primarily residential enclave is serene and quiet but offers easy access to many great points of interest. Most notably, the property is a short 5-minute walk to Washington Boulevard which is lined with popular shops and restaurants as well as larger national chain stores. 1559 N Hill presents an excellent opportunity for investors looking to acquire a well-positioned multifamily asset in a strong Southern California market. With rental income growth potential and high demand for housing in Pasadena, this property offers both stable current cash flow and significant upside potential.

ADDITIONAL INFORMATION

Charming Spanish style duplex in Historic Highlands. Both Units are occupied. Each Unit Has Spacious rooms, many original fixtures, arched doorways, mahogany trim and hardwood floors. Both units have two large bedrooms with 2 closets each. Washer/Dryer in the unit along with dishwasher. Both Units have 1 bathroom which has both a tub and shower. The structure has one car garage and tandem space in front of garage. Shared driveway with the other unit. Upstairs and downstairs units. Shared backyard with both units, and brick patio.

ADDITIONAL INFORMATION

This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.

ADDITIONAL INFORMATION

Property to be sold only in combination with 1458 N. Allen, immediately adjacent to the south for a total of 10 units on two parcels at $3,975,000. Individual laundry in each unit and enclosed garage space for each unit. Two duplexes and one SFR with fireplace. All roofs have been recently replaced except for the garage. The property has been well maintained over the years.

ADDITIONAL INFORMATION

Property to be sold only in combination with 1468 N. Allen, immediately adjacent to the north for a total of 10 units on two parcels at $3,975,000. All roofs have been recently replaced and the property has been well maintained over the years. Two units are unattached and have fireplaces. All units have laundry hookups. All units are rented.

ADDITIONAL INFORMATION

Perfect investment opportunity in high-demand rental area with excellent unit mix, upside potentials and no rent control. Renovated kitchens, baths, flooring and more, laundry inside each unit. Conveniently located within close proximity to Rose Bowl, Huntington Library, Altadena Town & Country Club, hiking trails, golf courses and parks. Section 8 tenants in #1733 and #1735. Tenant in #1731 stopped paying rent since December 2021.