264 E Glenarm, Pasadena, CA 91106
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- AR26185682
- Year Built
- 1927
- Lot Size
- 7,638
- Acres
- 0.18
- Lot Location
- 2-5 Units/Acre, Street Level
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Prime Pasadena location near Madison Heights, Metro Gold Line and Old Town Pasadena. Offering an excellent opportunity to own a four-unit multifamily property in a highly desirable area. The property consists of four 1-bedroom, 1-bathroom units, providing a total of four units, along with four detached carport parking spaces. Each unit offers a straightforward layout with strong potential for updating and repositioning. The property is located on a prime Pasadena street, close to shopping, restaurants, transportation, and many of the amenities that make Pasadena such a sought-after market. While the property is in need of updating, this is an opportunity to invest in the location and underlying potential of the property. The property is zoned RM-32-HL-1, offering potential for additional development, including the possibility of adding another unit or pursuing a new construction project, subject to city approval and applicable zoning requirements. With four existing units, dedicated carport parking, a desirable Pasadena location, and potential for future development, this property presents an attractive opportunity for an investor, owner-user, or developer looking to add value in one of the San Gabriel Valley's most established markets. Buyer to verify zoning, development potential, permits, square footage, and all property information with the City of Pasadena and appropriate professionals.
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Additional Information
- Appliances
- Gas Range, Gas Water Heater, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Mountain(s)
- Exterior Construction
- Plaster
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $67,415
- Operating Expense
- 26198
Listing courtesy of Listing Agent: Pamela DelRey (Pameladelrey@yahoo.com) from Listing Office: Art Del Rey Realty, Inc..
Mortgage Calculator
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.