460 Vista Avenue, Pasadena, CA 91107

$2,150,000
12
BD
8
BA
1,073
SqFt
List Price
$2,150,000
Status
ACTIVE UNDER CONTRACT
MLS#
PF21212736
Year Built
1963
Bedrooms
12
Bathrooms
8
Living Sq. Ft
1,073
Lot Size
7,552
Acres
0.17
Lot Location
SprinklersTimer, SprinklerSystem
Days on Market
21
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

Enjoy the good life. Live in a 3 bedroom, 2 bath, about 1073 square foot unit in Pasadena and have tenants pay your mortgage for you. Prime well-kept 2 Story apartment building with four units located in a desirable area of NE Pasadena. Peaceful residential neighborhood conveniently located within 2 miles of Pasadena City College, Fuller Seminary, the gold metro link and Caltech makes these units easy rentals for investment: or you can comfortably live in one and the other rented units pay for your mortgage. With low interest rates and easy to manage if you live there, have the tenants build your equity. The building has 12 bedrooms and 8 bathrooms. Each well maintained unit is approximately 1,073 square feet and is spacious with 3 bedrooms and 2 bathrooms. Each unit is provided a private stackable washer, dryer, stove and refrigerator. The 2 ground level units have small private patios. Unit B has been recently remodeled with new flooring, stainless appliances, modernized stylish bathrooms and kitchen. The 5 carport Parking spots could be converted into private garages. This is a potentially great investment with the possibility to raise the rents for income growth. Owner’s relative lives in one unit and will easily vacate after closing escrow. With the unit re-rented to market rents, the GRM would be 16 with a 4.76% CAP rate! Also See MLS listing# PF21206005 for financial information. Call for more information. Drive by only please.

Additional Information

Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
City Lights
Exterior Construction
Stucco
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
School District
Pasadena Unified
High School
Pasadena
Number Of Units Total
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Christina Dreyer from Sotheby's International Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.