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.
Listing courtesy of Christina Dreyer from Sotheby's International Realty
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