771 N Los Robles AVE new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91104
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25003029
HOA Y/N No
Year Built 1937
Lot Size 0.301 Acres
Property Description
This 67% vacant building in a highly desirable area of Pasadena offers a savvy investor opportunity to buy single-story bungalow style apartments in an excellent part of Pasadena. This is the first time the property is being offered for sale in 28 years. The property is only several blocks north of Old Town Pasadena and has a high Walk Score 86 – Bike Score 91. The property is a single-story bungalow style apartment that was built in 1937. It is situated on a large ±13,128 SF lot. It has been carefully maintained and has undergone major upgrades such as updated electrical panels, and sewer line (buyer to verify during due diligence). It offers a desirable unit mix of two x 2bed+1bath, and four x 1bed+1bath units. All the units have had some upgrades, and 3 of the units have been fully upgraded with high-end and modern updates. Each unit has original hard wood flooring, double pane windows, individual water heater, laundry hookups (except 1 unit – 3 units come with laundry machines), private patio, mini-split A/C & heating. Three units are currently being rented as vacation rentals and will be delivered fully upgraded and fully furnished. The 4th vacant unit has had some updates. The property has 5 garage spaces and 3 open parking spaces totaling 8 spaces. From 5 garages, only 2 are assigned to tenants leaving the remaining 3 available for extra income or even ADU conversion. Each unit has an individual water heater and separate meters for electricity and gas. No parking soft story is required.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Disposal,Gas Range,Refrigerator,Water Heater
Laundry Gas Dryer Hookup
Exterior
Parking Features Assigned,Garage
Garage Spaces 5.0
Garage Description 5.0
Fence Wrought Iron
Pool None
Community Features Valley
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Asphalt
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Back Yard,Front Yard,Lawn,Landscaped,Street Level
Faces East
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5725028024
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard