2152 E WashingtonPasadena, CA 91104

Description

Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With it’s desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Cottage / Traditional

Year built

1948

Stories

2

Building area

2,376 Sq Ft

Lot size

0.19 acres

Garage spaces

1

Parking spaces

5

Days on market

57

MLS^® Listing#

AR26168649

Property Features

Appliances

Gas Range · Refrigerator · Water Heater · Dryer · Washer

Cooling

Wall/Window Unit(s)

Heating

Forced Air · Wall Furnace

Flooring

Tile · Wood

Fireplace

None

Pool

None

Parking

Assigned · Asphalt · Detached Carport · Driveway · Paved

Laundry

Common Area · Washer Hookup · Gas Dryer Hookup

Fencing

Wood

Construction

Stone · Stucco

Roof

Asphalt

Community

Curbs · Park · Street Lights · Suburban · Sidewalks

Utilities

Cable Available · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$13,001

Parcel number

5743002009

Directions

n Washington Blvd. between Allen and Altadena