2152 E Washington, Pasadena, CA 91104
- $1,350,000
Listing courtesy of Listing Agent: Susan Cook (suecookrealtor@gmail.com) from Listing Office: COMPASS.
- List Price
- $1,350,000
- Status
- ACTIVE
- Days on Market
- 37
- Price Change
- ▼ $37,000 1788354130
- MLS#
- AR26168649
- Subtype
- Residential Income
- Style
- Cottage, Traditional
- Year Built
- 1948
- Lot Size
- 8,118
- Acres
- 0.19
- MLS Area Major
- Pasadena (NE) (646)
Property 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.
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Additional Information
- Interior Features
- All Bedrooms Down
- Taxes
- $13,001
- Property Description
- Cottage, Traditional
- Flooring
- Tile, Wood
- Appliances
- Gas Range, Refrigerator, Water Heater, Dryer, Washer
- Heating
- Forced Air, Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stone, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Asphalt
- Pool Type
- None
- Parking Features
- Assigned, Asphalt, Detached Carport, Driveway, Paved
- Garage Spaces
- 1
- View
- Mountain(s)
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.