This multi-family dwelling 5-unit is situated in the extremely convenient North Marengo neighborhood of Pasadena. The new owner will enjoy the ideally positioned amenities located just blocks away from Orange Grove Ave and Fair Oaks Avenue. It is located near local parks, schools, cafes, banks, supermarkets, pharmacy, city hall, library, museums, golf course, country club, the Rose Bowl Stadium, and Old Town Pasadena. This is also commuter friendly with access to all the major freeways. The neighborhood offers unlimited opportunities for shopping, entertainment, relaxation, and networking. It’s an ideal location to generate rental income. This multi-family home sits on a large 9,261 square foot lot. It features a total of 4 bedrooms plus a studio and 5 bathrooms, combining for approximately 2,991 square feet of living space. The property has 1 water and gas meter, and 4 separate electric meters. There are 4 units in the two-level front house (Unit #1, #2 and #3 consist of one bedroom and one bathroom, and Unit #4 is a studio plus a bath) and 1 separate unit in the back house (Unit #5 has 1 bedroom and 1 bathroom including a big attic providing ample storage space for the household). The property awaits you as a live-in owner while renting the other unit to serve as a capital growth investment opportunity. This is an exceptional property with tons of rental potential which can complement your investment portfolio.
|DAYS ON MARKET||68||LAST UPDATED||7/2/2018|
|YEAR BUILT||1903||COMMUNITY||645 - Pasadena (NW)|
|Prior to Jul 2, '18||$1,150,000|
|Jul 2, '18 - Today||$1,098,000|
|AREA||645 - Pasadena (NW)|
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