See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,600,000
Est. payment /mo
4 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25216827
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
First Time for Sale Since 1979, Fourplex near Old Town Pasadena and adjacent to several new condominiums, Significant Rental Upside, Easy to Manage and Rent, All 2bedroom units. 1056-1052 N Catalina Ave, a value-add fourplex in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1979. The property is in a highly gentrified area right next to 2 newer condominiums projects and across from to be built 22 condominiums project. It is located only 3 blocks east of Lake Ave, and minutes away from most of City of Pasadena amenities such as Old Town Pasadena, Lake Ave Shopping District, Rose Bowl area, CALTECH and PCC. It is surrounded by other small apartments and single-family houses and has excellent demographics of $120,347 average household income in a 1-mile radius. This property can be purchased together with the 4 SFR portfolio that are adjacent to it (445 N Wilson, 459 N Wilson, 1072 E Villa, 1062 E Villa) for a large development play. The property consists of a front bungalow style house (2bedroom+1bathroom) and three x 2bedroom+1bathroom units in the back. The front house was built in 1922 and the back 3 units were built in 1964 (based on citys online permit - buyer to verify permit will be provided during due diligence period). It has a total building size of 3,378SF and sits on a large 8,245 SF total lot size (R4 zone High-Density 48-unit/acre buyer to verify). The property offers excellent curb appeal with well-manicured front lawn. The front house is a bungalow style unit wi
Location
State CA
County Los Angeles
Zoning Assessor
Direction Between Lake Ave and Hill Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5732019034
Read Less Info
Listed by Handoko Chen Growth Investment Group Pasade
Get More Information
