We are proud to present the Hill Avenue Apartments. An incredible investment opportunity located in beautiful Pasadena. This amazing 14 Unit garden style complex has been cared for by the current ownership since 1972 with quality improvements being made upon unit turnover. The property has secured entry and parking with an open grass common area. Small private patios and balconies for each unit- create a very cozy feeling on the property. The building boasts a solid unit mix of a large townhouse style 3 Bedroom with additional 3 Beds, 2 Beds, and 1 Bedroom apartments all individually metered for gas and electricity. Built in 1963, the building offers spacious units most of which have been meticulously renovated, including copper plumbing yet leaving the next owner approximately 35% rental upside. Most tenants are long term, and the asset has an onsite laundry room with parking for every unit. The property has been well cared for and is ready for the next owner to maximize the buildings potential. Hurry, this deal will move fast and fit perfectly in all size real estate portfolios!
Additional Features
- Security
- Wood
- Wall Furnace
- Lot 10000-19999 Sqft
- Two
- None
- Parking spaces: 14.00
- Listing Status: Closed
- Listing Agent: Andrea Marcum-Valentine
(lic# 01737314)
of Pasadena-Foothills
- Listing Office: eXp Realty of California, Inc.
- Selling Agent: Andrea Marcum-Valentine
(lic# 01737314)
- CO-Listing Agent: Justin McCardle
(lic# 01895720)
- CO-Listing Office: GIG Real Estate Inc.
(lic# 02021933)
- CO-Selling Agent: Justin McCardle
(lic# 01895720)
- CO-Selling Office: GIG Real Estate Inc.
(lic# 02021933)
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Based on information from CRISNet MLS as of 5th January 2025 at 5:39pm. 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.
