Active
$2,499,000
7%
4 Units
9 Beds
5 Baths
4,401 Area(sq.ft.)
Lot: 16,993 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 3,000 | $ 3,000 | $ 4,500 |
| Unit 2 | 2 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 2,750 |
| Unit 3 | 3 | 2 | 1 | No | $ 2,200 | $ 2,200 | $ 2,750 |
| Unit 4 | 4 | 2 | 1 | No | $ 1,952 | $ 1,952 | $ 2,750 |
| 10 | 21 | 11 | $ 22,208 | $ 22,208 | $ 29,250 |
| MLS #: | 25503739 |
| Days On Market: | 282 |
| Listing Date: | February 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 568 |
| Price per unit: | $ 624,750 |
| Year Built: | 1940 |
Property Details
Nestled in the heart of Pasadena, this expansive 17,000 sq. ft. lot offers an incredible investment and development opportunity. Currently, the property features four income-generating units, providing immediate rental revenue while you plan its future potential. With its generous size, desirable location, and flexible possibilities, this lot is ideal for redevelopment into luxury residences, a multi-unit complex, or a custom estate. Surrounded by Pasadena's charming neighborhoods, tree-lined streets, and vibrant community, the property is conveniently located near top-rated schools, shopping, dining, and major freeways. Whether you're looking to expand your investment portfolio or embark on a stunning new development, this rare Pasadena gem presents endless possibilities. Don't miss this exceptional opportunity!Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 114,624 |
| Total Annual Expense: | $ 12,140 |
| Net Operating Income: | $ 102,484 |
| Gross Annual Income: | $ 114,624 |
| Cap Rate: | 3.8% |
| Gross Rent Multiplier: | 0.00 |
| Actual Gross Rent: | $ 114,624 |
| Actual Gross Income: | $ 114,624 |
| Actual Rent Total: | $ 9,552 |
Structure
| Type of Units: | House&Units |
| Buildings: | 4 |
| Levels: | One |
| View Description: | Walk Street |
Land & Parking
| Zoning: | PSR3 |
| Parking Garage: | Assigned, Garage - 4+ Car, Garage Is Detached, Driveway |
Interior
| Cooking Appliances: | Oven |
| AC/Cooling: | Central |
| Equipment: | Refrigerator, Range/Oven |
| Heating: | Central |
| Fireplace Rooms: | Den |
| Laundry: | Community, Outside |
Exterior
| Roof: | Shingle, Wood |
Detailed Map
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Income
