HIGHLIGHTS: The property is protected from auto-reassessment after sale under the Mills Act. Property tax are currently set at just $22,325 per year / Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. / Attractive in-place offering actual CAP Rate of 4.63% With a ProForma CAP Rate of 5.27% / 2017 Historic Preservation Award / Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. / Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions / Individually metered for all utili
We are excited to exclusively offer a prime 12-unit multifamily investment opportunity in the heart of Pasadena’s coveted Villa Parke neighborhood. Strategically located at 423 N Garfield Avenue, just steps from the 210 Freeway, this property boasts approximately 9,272 square feet of rentable space on a generous 11,875 square foot lot. This exceptional property offers unparalleled potential in Pasadena’s vibrant market. This exceptional property offers unparalleled investment potential in Pasadena’s vibrant market. With its prime location and strong tenant demand, this asset presents a unique opportunity for significant rental growth. 423 N Garfield Avenue is ideally posit
RAYMOND SEVEN, a 7-unit Turnkey Garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With full renovation recently completed and full occupancy with market rents, this offering provides a highly cash flowing building without doing any work. Offered at a very attractive 5.32% CAP Rate and low 13.88x GRM, this offering provides an excellent Cash-on-cash return (over 5%) on a full Turnkey building where owner does not have to worry about renovating units, dealing with low-rent tenants, or any deferred maintenance. Current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumb
LOCATION! LOCATION! LOCATION!!!!! Nestled in the heart of Old Town Pasadena, this top-floor condo is a rare find. Offering two bedrooms and an unbeatable location. As you enter, you're greeted by a generous, open-concept living space. Modern wood flooring flows throughout. Bright floor-to-ceiling glass gives you an abundance of natural light. The spacious living room that is open to the dining area—is ideal for hosting holiday parties. Adjacent to the living area, the kitchen is outfitted with stainless steel appliances, and sleek cabinetry, seamlessly integrating into the space for easy entertaining. The expansive primary suite is a true retreat, boasting floor-to-ceiling windows a
We are pleased to present our newest offering in the beautiful city of Pasadena. This appealing 14-unit property is nestled in the 91101 Zip Code, surrounded mostly by residential homes in a quaint pocket of the city. Being only a few blocks away from Pasadena city hall and downtown Pasadena, this property boasts easy access to the freeway, and the city's newest and prevalent attractions alike. Offered at an extremely attractive 5% cap rate, 405 N Marengo Street is an invaluable investment for first time buyers or veteran investors alike. With an average square footage of approximately 750 SQ/FT per unit, each unit possesses ample living spaces for modern design and comfortable living. Don'
Excellent location in the heart of prestigious Old Town Pasadena. This stunning, gated contemporary townhome condo offers the finest amenities. A bright living and dining area features an open layout with many windows bringing in natural light. The kitchen with wonderful amenities opens to a family room with a fireplace, perfect for relaxation and entertainment. The loft-style master suite includes an outdoor patio, big closet, and soaking tub. Additional features include in-unit stackable laundry, bamboo floors, and two side-by-side parking spots in a locked garage. Walking distance to Pasadena City Hall, museums, shops, restaurants, nightlife, Gold Line Metro, Equinox, WeWork, and easy fr
481 Lincoln Ave. , Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). With CAP Rate Close to 5% in a Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029!!!! 2 story building was built in 1903 and single story building was built in 1952. BOTH BUILDINGS EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provid
NEW LOOK & NEW PRICE! Welcome to the lovely Raymond Renaissance Building, built in 2009 next to and over the historic Raymond Theater which was extensively renovated and restored. This 47 unit concrete and steel construction complex is located in Old Town Pasadena next to Memorial Park and is a block away from the Metro Gold Line Station and the Levitt Pavilion for summer concerts. You are surrounded by numerous restaurants and retailers providing urban living at its finest. Unit 210 is a modern, loft style condominium with stylish polished concrete floors throughout, high ceilings, recessed lighting, a well equipped kitchen with handsome wood cabinets, granite countertops and stainle
Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios.