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$ 2,680,000
Est. payment | /mo
6 Beds
0.37 Acres Lot
$ 2,680,000
Est. payment | /mo
6 Beds
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25225770
Bedrooms 6
Lot Size 0.375 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
RARE INVESTMENT OPPORTUNITY. 171-179 S Sierra Madre Blvd, Pasadena, CA 91107. Real Estate Investors & Developers: Opportunity to acquire a five-unit multifamily property on a large 16,134 sq ft lot in a highly desirable southeast side of Pasadena. Zoned RM32, the property offers significant potential, including the possibility of building up to 12 homes (buyer to verify with the city). Property Highlights: 1) Five units across three separate buildings 2) Front House (175 S Sierra Madre) is a stand-alone Two-Story 2,848 sf Single House with its own driveway. This spacious, bright and airy, 4 bedroom, 2 bath craftsman-style home features a huge living room, family room, office, large kitchen, basement, front and side yards. Similar single homes in the area are already worth millions of dollars. 3) Back Units: Four units, each with 2 bedrooms and 1 bath, and a dedicated garage. Two separate driveways for convenient access, one dedicated to the Front House and the other to the rear 4 units. Income and Development Potential: The property currently has stable, long-term tenants, providing an immediate opportunity to increase cash flow. Situated directly across from the newer Town & Country luxury townhomes, this lot is in a proven and high-demand area for new development. Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public tr
Location
State CA
County Los Angeles
Zoning Assessor
Direction N of Del Mar Bl, S of Colorado Bl
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5747004039
Listed by Tommy Thai T2 Realty
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