517 E Washington Boulevard, Pasadena, CA 91104

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,800,000

Est. payment - /mo

7 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25146336

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, Drawings for 2 ADUs are included. MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large 20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a 20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio home has a tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit

Location

State CA

County Los Angeles

Zoning Assessor

Direction 210 FWY, exit Los Robles go north and make right on Washington Blvd, building is facing south on the left hand side

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5838040015

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10492

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Listed by Han Chen Growth Investment Group Pasade

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517 E Washington Boulevard Pasadena, CA 91104