112 Grandview Street, Pasadena, CA 91103
Triplex · 2 recorded sales since 2021
Sold November 2023
Listing Agent: Jinglin YUE (DRE #02083986) · Listing Office: Compass-Pasadena · Contact: 626-205-4040 · Bought with: Reginald Gregorio · MCLEOD AND ASSOCIATES · MLS #WS23175646 · Source: CRMLS
About this triplex
Introducing a phenomenal investment opportunity at 112 Grandview St, Pasadena, CA. Financials take center stage with this listing, priced at $1,150,000. Expect a pro forma monthly revenue of $7,400, an actual cap rate over 5.5%, and a market cap rate above 6.5%. Built in 1948 and recently transformed, this 1,623-square-foot triplex sits on a prime 5,193-square-foot double corner lot. All units have been meticulously renovated from top to bottom—fresh paint, brand-new flooring, and windows set the stage for modern living. The kitchens and bathrooms in the two one-bedroom units are entirely redone, presenting a move-in-ready or lease-ready opportunity. The extensively renovated two-bedroom unit serves as the crown jewel, featuring a brand-new electrical panel, appliances, cabinets, quartz countertops, and a high-efficiency HVAC system. The bathroom showcases stylish subway tiles, rounding off the extensive upgrades. Each unit is separately metered for gas and electric, with tenants responsible for their own trash—streamlining your utility costs to just water. Hot water heaters for each unit have been replaced within the last five years, ensuring a hassle-free experience for both landlord and tenants. Nestled in a serene pocket of Pasadena near schools and parks, this fully renovated triplex offers not just incredible financial returns but also a premium location. Seize this rare chance to invest in a high-performing asset that promises both immediate cash flow and long-term growth.
Listing description from the November 2023 sale, as reported to CRMLS.
Sale history
