Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.
Additional Features
- Wall Furnace
- Two
- Parking spaces: 10.00
- Listing Status: Active
- Listing Agent: Alexander Metaxas
(lic# 01784652)
of Beverly Hills/Greater LA
- Listing Office: Realty Investment Advisors, Inc.
(lic# 02063191)
- CO-Listing Agent: Benjamin J. Hsiang
(lic# 01438644)
of Beverly Hills/Greater LA
- CO-Listing Office: Realty Investment Advisors, Inc.
(lic# 02063191)
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Based on information from CRISNet MLS as of 7th January 2025 at 6:24am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
