794 E Orange Grove Boulevard, Pasadena, CA 91104

About this property

BOM! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold April 2023 · listed $1,725,000, on market January 2023 · MLS #23229295 · Source: CRMLS

Listing Agent: Julio Ruiz · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Out of Area Southland · SOUTHLAND

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