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757 N El Molino Avenue

Pasadena, CA 91104
  • $2,120,000
  • STATUS: Active
  • ON SITE: 159 Days
  • ID#: AR22049575
Price Reduced
UPDATED: 43 min ago
$2,120,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Xiao Cash Li of Socal Premier Properties (626-808-1122) and Yongyan Feng of Socal Premier Properties(626-808-1122)


Description

We are pleased to present an excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/126634617
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757 N El Molino Avenue Pasadena, CA 91104

  • Price: $2,120,000
  • Status: Active
  • On Site: 159 Days
  • Updated: 43 min ago
  • ID#: AR22049575
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1928
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
We are pleased to present an excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 108780 Insurance Expense 0 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 0 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 108780 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Psr6



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Xiao Cash Li of Socal Premier Properties (626-808-1122) and Yongyan Feng of Socal Premier Properties(626-808-1122)