Residential Income Details
The property is located on the south west side of Michigan Ave and Union St, several blocks away from the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. It is also located within walking distance to the world renowned California Institute of Technology (CALTECH) and Pasadena City College (PCC). The close proximity to some of the largest colleges in San Gabriel Valley provides a unique opportunity for an investor to rent out the units to college students. Because of this superb location, it has a Walk Score 91 out of 100, demonstrating high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues.
The property is a garden style two story building that was built in 1961. It offers a superb unit mix of four (4) 2bed+1bath, and twelve (12) 1bed+1bath units. The total building size is 10,588 square feet and it is situated on a large 14,991 square feet lot. Each unit is separately metered for electricity and gas. Ten (10) units have private patios. Some units have been updated with laminate wood flooring, mirrored closet doors, tiled bathroom, and tiled kitchen vanity. Most of the units have carpet flooring, and laminate kitchen countertops. Parking is provided by carport and tuck under parking in the back. There are total 16 parking spaces and storage spaces in the parking area. There is a shared laundry room in the parking area.
|Number of Units||16|
|Listing Brokerage||Growth Investment Group, Inc.|
|Listing Agent||Handoko Chen|
|Listing Agent BRE #||01749321|
|Co-Listing Brokerage||TSE REALTY & MANAGEMENT SERVIC|
|Co-Listing Agent||YVONNE Matloff|
|Co-Listing Agent BRE #||00908463|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 14, 2017.
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