1222 E Orange GrovePasadena, CA 91104
Los Angeles County
Description
Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1965
- Stories
- 2
- Building area
- 10,272 Sq Ft
- Lot size
- 0.35 acres
- Parking spaces
- 16
- Days on market
- 3
- MLS® Listing#
- SR26212134
Property Features
- Pool
- None
- Laundry
- Common Area
- Community
- Street Lights · Sidewalks
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 5739011025
Directions
Between Michigan and Chester Ave
Listing Courtesy: First Class Real Estate - 818-434-2110
Presented by: Bill Toth
Licensed in the state of California.
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