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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

Attention investors!!! Located in a desirable area of East Pasadena, this large unique street to street triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on a expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify with City of Pasadena etc). Another option is to potentially convert the current 4 car garages to an additional unit/ADU and increase income since there are 4 uncovered parking spaces on the lot. For the owner user buyer, live in one and rent the others. Two of the units have been lightly updated. All units are very light and bright. All units have laundry hookups. This property has great potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/120188778
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1255 Del Rey Avenue Pasadena, CA 91107

  • Price: $1,375,000
  • Status: Active
  • ID#: SR21173939
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1948
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
Attention investors!!! Located in a desirable area of East Pasadena, this large unique street to street triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on a expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify with City of Pasadena etc). Another option is to potentially convert the current 4 car garages to an additional unit/ADU and increase income since there are 4 uncovered parking spaces on the lot. For the owner user buyer, live in one and rent the others. Two of the units have been lightly updated. All units are very light and bright. All units have laundry hookups. This property has great potential.
Exterior Features

Architectural Style Traditional Foundation Details RaisedSlab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 6 Parking Features AssignedAsphaltDriveway Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Shingle Spa Features None Spa YN No View Mountain(S)Neighborhood View YN Yes

Interior Features

Accessibility Features None Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateTileVinyl Heating Central Heating YN Yes Interior Features Brick Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Contingency Sale Subject To Seller Obtaining Clear Title. Current Financing None Exclusions Tenant's Personal Property And Tenant's Washer/Dryer Garage YN Yes Gross Income 70200 Gross Scheduled Income 70200 Insurance Expense 1200 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupIn KitchenLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanCal Vet LoanFha Net Operating Income 45153 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 2547 Property Condition Repairs Cosmetic Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 5850 Trash Expense 2160 Utilities Electricity ConnectedNatural Gas Connected Water Sewer Expense 4200 Water Source Public Zoning Psr3

Listing provided courtesy of Aristide Buhoiu of Royal Estate Properties


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
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The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508