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757 N El Molino Avenue Pasadena, CA 91104
$2,050,000

Property listed by SoCal Premier Properties, Xiao Cash Li. IDX Contact: 626-808-1122

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Ling Beh

Ling Beh

Founder

DRE# 01945660

Property Description

An excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS. Accept part RMB

Property Details & Features

Property Type

  • Quadruplex

Year Built

  • 1928

House

  • Built in 1928
  • No Common Walls

Community

  • Sidewalks

Heating

  • Central

Income

  • Gross Income: 0
  • Gross Scheduled Income: 114048
  • Net Operating Income: 0

Laundry

  • Inside

Listing

  • Listing ID: AR22245456
  • Property Subtype: Quadruplex
  • 3 days on market
  • Listed on 2022-11-21

Location

  • County: Los Angeles

Lot

  • 9507 sqft
  • 0.2183 acres
  • Area: 9507
  • 2-5 Units/Acre

Parking

  • 6 open parking spaces
  • 6 total parking spaces
  • Assigned

Property

  • 4 buildings
  • 4 units

Sewer

  • Public Sewer

Utilities

  • 4 separate electric meters
  • 4 separate gas meters

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