646 Westminster, Pasadena, CA 91105
- $3,200,000
- List Price
- $3,200,000
- Status
- ACTIVE
- MLS#
- CV26084098
- Year Built
- 1938
- Lot Size
- 11,696
- Acres
- 0.27
- Lot Location
- 6-10 Units/Acre, Back Yard, Front Yard, Paved, Secluded, Sprinkler System, Street Level, Walkstreet, Yard
- Days on Market
- 102
- Property Type
- Commercial
- Style
- Patio Home
- Property Sub Type
- Multi Family
Property Description
Excellent investment opportunity located in the Arroyo Pasadena area! Multi-unit Income Producing Property! Don’t miss this rare opportunity to own a versatile and income-generating property in this highly desirable area. This unique opportunity features a total of six units, including five 1-bedroom, 1-bath units all recently updated; and one spacious 3-bedroom, 2-bath two-story home with a balcony. The one-bedroom units have been updated, offering modern and exceptional finishes. The units offer practical layouts with bright living spaces and private bedrooms, appealing to a wide tenant base. Ideal for tenants seeking privacy and convenience. The main attraction at this property is the detached two-story home, perfect for an owner looking to live on-site while generating strong rental income from the remaining units. This property is currently providing solid and stable income in one of Southern California’s most sought-after rental markets. This property is ideal for anyone seeking to live in a very exclusive area. Additionally, the property may qualify for a 1031 exchange, making it an attractive option for investors looking to defer capital gains while upgrading their holdings. Located near shopping, dining, and major transportation routes, this Pasadena property offers both immediate income and long-term appreciation potential
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Stucco, Vinyl Siding, Wood Siding
- Attached Structure
- Detached
- Number Of Units Total
- 2389
- Gross Scheduled Income
- $208,145
Listing courtesy of Listing Agent: Charmane Johnson (cjagent37@gmail.com) from Listing Office: Elevate Real Estate Agency.
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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.