1537 E Topeka Street, Pasadena, CA 91104

$2,800,000

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List Price
$2,800,000
Status
ACTIVE
MLS#
P1-27733
Year Built
1946
Lot Size
8,105
Acres
0.19
Lot Location
2-5 Units/Acre, Back Yard, Front Yard
Days on Market
35
Property Type
Multifamily
Style
Cape Cod, Cottage
Property Sub Type
Quadruplex
Stories
One Level
Neighborhood
Not Applicable

Property Description

A Modern Pasadena Compound Designed for the Way People Live Today.Exceptional new construction and redevelopment opportunity in the heart of Pasadena. Ideal owner-users, multigenerational living, or those seeking a unique income-producing property with long-term value and low-maintenance ownership.Originally a single-family residence, this property was thoughtfully transformed into four separate residences, creating a rare residential compound that blends modern living with strong rental appeal. The property consists of a beautifully renovated front residence, an attached 1-bedroom, 1-bath unit, and two newly constructed rear 2-bedroom, 1-bath residences, offering a total of four income-producing units and 3 car garage and plenty of individually private outdoor spaces.Built and redesigned with quality craftsmanship and thoughtful attention to detail, each residence features bright open-concept living spaces including new appliances (range, refrigerators, washer/ dryer) and stylish finishes throughout. The property benefits from four separate utility meters, a detached garage, and independent living spaces that provide privacy and flexibility for a variety of ownership scenarios. Whether occupying one residence while generating rental income from the others, accommodating extended family, or holding as an investment property, the possibilities are exceptional.Located on a picturesque tree-lined street in one of Pasadena's most desirable neighborhoods, the property offers excellent curb appeal and convenient access to Old Town Pasadena, South Lake Avenue, Caltech, Pasadena City College, parks, shopping, dining, entertainment, and major transportation corridors.With four rentable units delivered all vacant, separate utilities, and low-maintenance improvements this is an outstanding opportunity for investors and owner-users alike.

Additional Information

Appliances
Gas Range, Refrigerator, Range Hood, Dryer, Washer
Pool Description
None
Cooling
Yes
View
None
Exterior Construction
Drywall, Wood Siding
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Recessed Lighting, Unfurnished
Attached Structure
Attached
Gross Scheduled Income
$160,000
Operating Expense
45000

Listing courtesy of Listing Agent: Annie Deng (anniedeng@compass.com) from Listing Office: COMPASS.

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Calculator source: Real Geeks

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.