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$2,500,000

Under Contract

1222 E Orange Grove

Pasadena, CA

MLS# SR26212134

Apartment
29 days on marketNalren refreshed

Listing Agent

Bill Toth

Listing Agent

First Class Real Estate

DRE #: 01023622

(818) 434-2110

Brokerage: First Class Real Estate

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1965

Year Built

0.35 acres

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.

Facts & Features

Interior

Laundry Features
Community Laundry

Exterior

Private Pool
No

Building

Year Built
1965
Building Area Total
10,272
Levels
One
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Total
16

Community / HOA

HOA
No
Association Fee
$0

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