UPDATE AS OF 3/1/23 *** One of the units is now ready for viewing and ready for an owner to move in or to be rented at market rent!***
Amazing 4 unit investment property in Pasadena, CA. Building is approximately 2,944 sq ft. Proforma rents are $8,800 per month allowing the landlord to collect over $105,000 a year in Annual Gross Income. All tenants are long term and are on month to month lease. This is a stable investment that would allow the Landlord to hedge inflation with a large upside in rents. This great investment has (4) 1Bed/1B units. This property has updated paint, new roofing on the large detached four car garage, updated foundation and ADU potential. The building sits on a large 7,001 sq ft lot conveniently located near the Playhouse district, Pasadena City Hall, Old Town Pasadena and the world Famous Urth Caffe. It is just 9 minutes from the Rose Bowl and Norton Simon Museum.
Sold for $1,025,000 on 09/16/22
Street View
$1,025,000
605 E Orange Grove Blvd, Pasadena, CA 91104
2beds
0baths
2,944sqft
MultiFamily
Built in 1924
-- sqft lot
$1,398,800 Zestimate®
$348/sqft
$3,895 Estimated rent
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Get a cash offer in 3 minutes
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Estimated market value
$1,398,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,398,800