Est. mensual: $11,891 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #WS24184332
Presenting a rare opportunity to acquire a 7-unit multifamily property, ideally situated in the heart of South Pasadena. This well-maintained asset comprises a diverse unit mix, including three 1-bedroom units, one 1-bedroom unit with a den, two 2-bedroom, 1-bathroom units, and a spacious 3-bedroom, 2-bathroom unit with a den. Together, these units offer approximately 5,166 square feet of rentable space on a generous 10,197 square foot lot. The property features a laundry facility, assigned covered parking spaces, and each unit is separately metered for gas and electricity.This property is being offered on the market for the first time in over 30 years, presenting a unique value-add opportunity with substantial rental upside. South Pasadena is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer.
The property's prime location is a significant draw, being within walking distance to the highly ranked South Pasadena Senior High School and South Pasadena Middle School. Residents also enjoy close proximity to supermarkets, national retailers, restaurants, 110 freeway access, and the South Pasadena Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $140,000 and a median home value over $1 million within a 1-mile radius.
This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of South Pasadena.
Características de la propiedad
Antigüedad: | 41-50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Sistema de refrigeración: | Equipos de aire acondicionado de ventana |
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Escuela primaria
ARROYO VISTA ELEMENTARY SCHOOL
1.0
MillasVer detalle
Escuela secundaria (ciclo básico)
SOUTH PASADENA MIDDLE SCHOOL
0.1
MillasVer detalle
Escuela secundaria (ciclo superior)
SOUTH PASADENA HIGH SCHOOL
0.1
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Holy Family Catholic School | 0.2 mi | Private | KG-8 | |
St James Parish Day School & Kindergarten | 0.2 mi | Private | PK-KG | |
Marengo Elementary School | 0.3 mi | Public | KG-5 | A |
Almansor Academy (institute For Redesign Of Learni | 0.6 mi | Private | 1 | |
Irl - Westmoreland Academy | 0.6 mi | Private | 2-12 | |
Little Acorn Montessori Academy | 0.7 mi | Private | PK-TKG | |
Monterey Hills Elementary School | 0.9 mi | Public | KG-5 | A- |
Sierra Vista Elementary | 1.0 mi | Public | KG-6 | B+ |
Park Elementary School | 1.1 mi | Public | KG-8 | A- |
Bell Tower Trilingual School | 1.1 mi | Private | KG-8 | |
Garfield Elementary School | 1.2 mi | Public | KG-8 | A |
Blair High School | 1.2 mi | Public | 6-12 | C+ |
Oneonta Montessori School | 1.2 mi | Private | KG-6 | |
Westridge School For Girls | 1.3 mi | Private | 4-12 | |
San Pascual Steam Magnet | 1.4 mi | Public | KG-5 | A- |
Independence High (alternative) | 1.4 mi | Public | 9-12 | C- |
Century High School | 1.4 mi | Public | 9-12 |