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$6,800,000
Est. payment /mo
12,780 SqFt
UPDATED:
01/17/2025 10:28 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,780 sqft
Price per Sqft $532
MLS Listing ID CRAR24215656
HOA Y/N No
Year Built 1955
Lot Size 0.271 Acres
Acres 0.27
Property Sub-Type Other
Property Description
An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, four (4) junior Studio, and four (4) Bachelor (no kitchen) unit
Location
State CA
County Los Angeles
Zoning PSC-
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet, Wood
Fireplace No
Laundry Community Facility, Other
Exterior
View Y/N true
View City Lights
Building
Lot Description Level, Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5723004016
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Listed by Han Chen • Growth Investment Group Pasade
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122