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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$925,000

Est. payment - /mo

6,808 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF25256939

Construction Status Fixer

HOA Y/N No

Rental Info Month To Month

Year Built 1905

Lot Size 6,808 Sqft

Lot Dimensions Assessor

Property Sub-Type Duplex

Property Description

Unique investment opportunity in the heart of Pasadena—perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Additional property highlights include: Common laundry facility / Two water heaters/One electric meter and one gas meter/ Delivered with existing tenants in place This is a rare chance to secure a well-located, income-producing property with strong upside potential in a high-demand rental market. Whether you're looking to expand your portfolio or begin a new project, this property offers both stability and opportunity. New sewer line.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning RM48

Interior

Interior Features Multiple Staircases

Heating Floor Furnace, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 5

Private Pool No

Building

Lot Description Level, Near Public Transit, Rectangular Lot

Faces North

Story 2

Entry Level Two

Foundation Combination, Raised, Slab, Stone

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5735015003

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard, Trust

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Listed by Enrique Lizarazu COMPASS 626-818-0980

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1156 Steuben Pasadena, CA 91106