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Unique investment opportunity in the heart of Pasadena"”perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 7/10/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 648 - Pasadena (SE) | County | Los Angeles |
Additional Details
| AREA | 648 - Pasadena (SE) |
|---|---|
| LOT | 6808 sq ft |
| LOT DESCRIPTION | Level, Rectangular Lot |
| LOT DIMENSIONS | 56 x 121 |
| SEWER | Public Sewer |
| UTILITIES | Sewer Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
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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