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$1,349,900
605 E Orange Grove Blvd, Pasadena, CA 91104
0 Beds
0 Baths
2,944 SqFt

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Amazing 4 unit investment property in Pasadena, CA. Building is approximately 2,944 sq ft. Proforma rents are $8,800 per month allowing the landlord to collect over $105,000 a year in Annual Gross Income. All tenants are long term and are on month to month lease. This is a stable investment that would allow the Landlord to hedge inflation with a large upside in rents. This great investment has (4) 1Bed/1B units. This property has updated paint, new roofing on the large detached four car garage, updated foundation and ADU potential. The building sits on a large 7,001 sq ft lot conveniently located near the Playhouse district, Pasadena City Hall, Old Town Pasadena and the world Famous Urth Caffe. It is just 9 minutes from the Rose Bowl and Norton Simon Museum. Bring your best offers, this will sell FAST!
  • Price:
  • $1,349,900
  • Square Footage:
  • 2,944
  • Acreage:
  • 0.16
  • Year Built:
  • 1924
  • Listing ID #:
  • CV22235583
  • Street Address:
  • 605 E Orange Grove Blvd
  • City:
  • Pasadena
  • State:
  • California
  • Postal Code:
  • 91104
  • County:
  • Los Angeles
  • Community:
  • Not Defined
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 4
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 2944
  • View:
  • Neighborhood
  • Walls:
  • 1 Common Wall
  • Year Built:
  • 1924
  • Year Built Source:
  • Public Records
  • Annual Insurance Expenses:
  • 3305
  • Annual Water/Sewer Expenses:
  • 3802
  • Gross Income:
  • 105600
  • Net Operating Income:
  • 81093
  • Operating Expense:
  • 24507
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Psr6
  • Lot Features:
  • Greenbelt, Lawn, Rectangular Lot
  • Lot Size:
  • 7002
  • Lot Square Footage:
  • 7002
  • Road Frontage Type:
  • City Street
  • Road Type:
  • Maintained
  • Community Features:
  • Curbs, Street Lights, Sidewalks
  • Days On Market:
  • 88
  • On Market Date:
  • 2022-11-03
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 1388900
  • Terms:
  • Cash, Conventional, Submit
  • Tenant Pays:
  • Electricity, Trash Collection
  • Laundry:
  • Washer Hookup, Gas Dryer Hookup, Laundry Room, Outside
  • Garage Parking Spaces:
  • 4
  • Has Garage:
  • Yes
  • Parking Spaces:
  • 4
  • Cooling System:
  • Evaporative Cooling
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Electricity Connected, Sewer Connected, Water Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Christian Fuentes with RE/MAX TOP PRODUCERS
  • CACRMLS

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