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$3,500,000
Est. payment /mo
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25158440
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadenas South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Catalina and UNION
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Tax ID 5738003016
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Listed by Nicholas Borrelli Coldwell Banker Realty