Pasadena CA Real Estate & Commercial for Sale

Front House is a charming craftsman Duplex: Unit A is 2 Bedrooms / 2 Baths with a sunroom, collecting $2,500/mo. Unit B is a 1 Bedroom / 1 Bath currently rented for $2,000/month on a month to month basis. The rear building is an approximately 5,200 SF* light industrial, 20 clear height, 2 restrooms and 200amp 3 Phase & 220amp 1 Phase power. 2 Wide Roll-Up Doors. 7 parking spaces with a loading dock and multiple storage areas. Seller is willing to carry!!!Preferred Seller Carry terms: Seller will carry $2,195,000 at 6.5% Interest Only, amortized over 25 years, balloon due in 5 years. Buyer are encouraged to submit their ideal carry terms.*Buyer to verify all aspects of the property including square footage, zoning, etc...*

A great opportunity to acquire the 5 units multi-family property 63 & 65 S Roosevelt Ave. in Lamanda Park neighborhood of the highly desirable city of Pasadena. 5 mins walk to Pasadena Plaza, including Vons, US bank, UPS store, restaurants and coffee shops. 3 mins drive to California Institute of Technology and Pasadena City College, and also within minutes to Old Pasadena.With a great unit mix of one 3 bed / 2 bath house with private fenced yard and four 1 bed / 1 bath units, this 100% fully leased turn-key property offers a total 3,410sqft building on a 11,437sqft lot. 63 & 65 Roosevelt Ave is a very attractive single-story apartment that was built in 1956, which is a prime Pasadena income-producing property and a great value-add opportunity for a short or long-term investment. Significant Potential for Rental Upside by converting it to two stories apartment building with 12+ units (most of the neighbors are two stories). The front house (65 S Roosevelt) is a 3 bedroom 2 bathroom single family style house with approximately 1,650sqft in size. The house has its own large private yard with mature landscaping and secured gate. The back property (63 S Roosevelt) is a four-unit apartment. All units are comprised of wall air conditioning and heating, laminate flooring, spacious kitchens with gas oven/stove combinations, in-unit laundry, individually metered gas and electricity and surface parking with ample street parking. All 5 units are currently occupied (100% occupancy) with potential upside for extra cash flow in the future.

113 N Grand Oaks Ave, built in 1979, features well-maintained two-bedroom units with modern amenities, including central air conditioning and covered parking, offering a 44% potential rental income increase. Property can be purchased individually or as a portfolio with 174 N Mar Vista Ave, Pasadena (12 units) and/or 151 N Wilson Ave, Pasadena (10 units).

Location! Location! Location! High traffic count. Lots of development growth in the area. Easy accessibility to the Metrolink, bus lines and 210 Freeway. Property is 1,350 square feet and built in 1948. Lot size is 2774 square feet, with rear fenced parking lot with alley access.