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Listed by Susan Cook, DRE #02015404 • COMPASS
$1,350,000
Est. payment /mo
8,118 Sqft Lot
Price Dropped by $37K
2152 E Washington Pasadena, CA 91104
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26168649
Style Cottage,Traditional
Year Built 1948
Lot Size 8,118 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Forced Air, Wall Furnace
Cooling Window / Wall Unit
Laundry Gas Hookup, Laundry Area, 30, Washer, Dryer
Exterior
Parking Features Assigned Spaces, Detached Garage, Other
Garage Spaces 5.0
Pool 31, None
View Hills
Roof Type 2
Building
Water Hot Water, District - Public
Architectural Style Cottage, Traditional
Others
Tax ID 5743002009
Special Listing Condition Not Applicable
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