UPDATE AS OF 3/1/23 *** One of the units is now ready for viewing and ready for an owner to move in or to be rented at market rent!*** Amazing 4 unit investment property in Pasadena, CA. Building is approximately 2,944 sq ft. Proforma rents are $8,800 per month allowing the landlord to collect over $105,000 a year in Annual Gross Income. All tenants are long term and are on month to month lease. This is a stable investment that would allow the Landlord to hedge inflation with a large upside in rents. This great investment has (4) 1Bed/1B units. This property has updated paint, new roofing on the large detached four car garage, updated foundation and ADU potential. The building sits on a large 7,001 sq ft lot conveniently located near the Playhouse district, Pasadena City Hall, Old Town Pasadena and the world Famous Urth Caffe. It is just 9 minutes from the Rose Bowl and Norton Simon Museum.
- Price:
- $1,298,800
- Square Footage:
- 2,944
- Acreage:
- 0.16
- Year Built:
- 1924
- Listing ID #:
- CV22235583
- Street Address:
- 605 E Orange Grove Blvd
- City:
- Pasadena
- State:
- California
- Postal Code:
- 91104
- County:
- Los Angeles
- Community:
- Pasadena (ne)
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Number Of Floors In Unit:
- Two
- Number Of Units:
- 4
- Stories:
- 2
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 2944
- View:
- Neighborhood
- Walls:
- 1 Common Wall
- Year Built:
- 1924
- Year Built Source:
- Public Records
- Annual Insurance Expenses:
- 3305
- Annual Water/Sewer Expenses:
- 3802
- Gross Income:
- 105600
- Net Operating Income:
- 81093
- Operating Expense:
- 24507
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Psr6
- Lot Features:
- Greenbelt, Lawn, Rectangular Lot
- Lot Size:
- 7002
- Lot Square Footage:
- 7002
- Road Frontage Type:
- City Street
- Road Type:
- Maintained
- Community Features:
- Curbs, Street Lights, Sidewalks
- Days On Market:
- 140
- On Market Date:
- 2022-11-03
- Originating Mls:
- Crmls
- Previous Listing Price:
- 1349900
- Terms:
- Cash, Conventional, Submit
- Tenant Pays:
- Electricity, Trash Collection
- Laundry:
- Washer Hookup, Gas Dryer Hookup, Laundry Room, Outside
- Garage Parking Spaces:
- 4
- Has Garage:
- Yes
- Parking Spaces:
- 4
- Cooling System:
- Evaporative Cooling
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Sewage Type:
- Public Sewer
- Utilities:
- Electricity Connected, Sewer Connected, Water Connected
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Christian Fuentes with RE/MAX TOP PRODUCERS
