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JUST REDUCED by $224,000! Looking for an investment with exceptional growth potential? This 6-unit apartment building in sought-after Pasadena offers an incredible opportunity to enhance your returns. Located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. With light renovations, you can increase rents and boost property value. Additionally, the property allows for the addition of three ADUstwo detached and one partially attached to an existing structureoffering even more income potential. Pasadena's strong job market ensures a reliable tenant base, while the CAP rate will vary depending on the final property tax assessment. Don't miss this chance to invest in a high-demand location with room for significant value growth.
Property Type(s):
Residential Income
| Last Updated | 3/6/2025 | Year Built | 1958 |
|---|---|---|---|
| Community | Pasadena (NW) | County | Los Angeles |
Price History
| Prior to Mar 6, '25 | $2,150,000 |
|---|---|
| Mar 6, '25 - Today | $1,926,000 |
Additional Details
| APPLIANCES | Washer |
|---|---|
| AREA | Pasadena (NW) |
| GARAGE | Carport, Guest, One Space |
| LOT | 0.28 acre(s) |
| PARKING | Carport,Guest,One Space |
| STORIES | 1 |
| ZONING | PSR1 |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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