Description
Incredibly Rare Opportunity to own a fourplex in South Pasadena. Property consists of a house with 3 additional units in an adjacent building on a 8,976 SF lot with a total of 4,838 SF of interior space. All units are currently fully occupied with great tenants in place on month-to-month leases. New owners can choose to live in one unit while collecting income from the other 3 units. The owner covers water, trash and gardening with all other utilities are covered by the tenants (electricity and gas separately metered). Current CAP Rate is 3.89% on the below market rents and can be improved to an estimated 5.72% CAP Rate. Portions of the property have been updated with paint, appliances (dishwasher & range), window AC, and central heat. Units have mixed flooring which includes hardwood and carpet floors with the main house having its own private balcony. Each unit has its own assigned garage and patios to enjoy lounging in great weather, summer BBQ's, and al fresco dining.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Incredibly Rare Opportunity to own a fourplex in South Pasadena. Property consists of a house with 3 additional units in an adjacent building on a 8,976 SF lot with a total of 4,838 SF of interior space. All units are currently fully occupied with great tenants in place on month-to-month leases. New owners can choose to live in one unit while collecting income from the other 3 units. The owner covers water, trash and gardening with all other utilities are covered by the tenants (electricity and gas separately metered). Current CAP Rate is 3.89% on the below market rents and can be improved to an estimated 5.72% CAP Rate. Portions of the property have been updated with paint, appliances (dishwasher & range), window AC, and central heat. Units have mixed flooring which includes hardwood and carpet floors with the main house having its own private balcony. Each unit has its own assigned garage and patios to enjoy lounging in great weather, summer BBQ's, and al fresco dining.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-04T19:32:41.75. 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 Zutila, Inc.. Licensed in the State of California, USA.