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$ 1,999,000
Est. payment | /mo
2 Beds
$ 1,999,000
Est. payment | /mo
2 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25192443
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
This charming 8-unit multifamily property, located at 49 S. Grand Oaks Ave in Pasadena, presents an exceptional investment opportunity with significant rental upside potential. Nestled in a highly desirable neighborhood, this well-maintained building is within walking distance to vibrant Old Town Pasadena, offering easy access to shops, restaurants, parks, and public transit. Property was recently painted and new windows installed throughout! The property features a mix of spacious one and studio units, each offering a comfortable living space with classic architectural details, including hardwood floors, large windows, and ample natural light. With its prime location and strong demand for rental housing in Pasadena, the property offers a great opportunity for rent increases and the potential for future value appreciation. Current rents are below market, offering immediate upside for a savvy investor to maximize cash flow. Whether you're a seasoned investor or a newcomer to multifamily properties, this building represents an excellent chance to acquire a well-positioned asset with great long-term growth potential. Don't miss out on this rare opportunity to own a piece of Pasadena real estate with strong investment prospects!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Sierra Madre Blvd. to Altadena Drive to N. Sierra Madre Blvd, to Colorado Blvd. to S. Grand Oaks
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Listed by Mark Trueblood TRUMARK Real Estate Management
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