This property is offered for sale as a Residential Income Property as well as for its Land value (Land Listing id. WS20220302). It sits on a 1/3 acre lot with 4 building structures: a 2B2b Single Family Residence, one Duplex (with 2 studios), two 2-story Fourplexes (with one 2B1b, three 1B1b, and 4 Studios). Totaling 11 mixed units. It has 12 parking spots comprised of one 2-car garage, three 1-car garage and 7 outdoor parking spaces. Rent is very much below market, and the property has very low maintenance. Ideal for Builders and Investors: This property has a big bonus due to its Land Value alone. Zoned R60 (60 units/acre) allowing at least 20 units to be built on the lot, check with City for possibly more Density Bonus unit allowance. Centrally located in Pasadena most desirable area, South of Colorado, West of Lake, close to Old Town Pasadena, Cal Tech, PCC and the future Kaiser Permanente Medical School. It has easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Property is to be sold "as is", no repairs. One half of front house is to be delivered empty at COE (Owner's office- in remodeling stage). All information provided is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Seller is a Real Estate Licensee and the Listing Broker in this transaction.
Listing courtesy of Q JENSAN CHENG from JENOAK PROPERTIES
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.