$1,500,000

Wow! 2 Houses + Detached Garage on a Large 10,596 SF Lot ~ Amazing Income property perfectly situated in a prime Pasadena location ~ Rare Investment Opportunity with strong upside & potential ~ approx 4.17% cap rate and generating $6,250/monthly! With a charming Craftsman design situated on a lovely tree-lined residential street, This Property offers a wide array of options and can appeal to any Homebuyer and/or Investor. Currently exists (2) single-story Houses (total 2,344 SQ.FT) with massive upside: The FRONT House (approx 1,368 SQ.FT) features 3 Beds/ 1 Bath; REAR House (approx 976 SQ.FT) features 2 Beds/ 1 Bath. Property is fully equipped with (2) Electric meters, (2) Gas meters, and (1) Water Meter. Plenty of Parking provided within the Carport and bonus 4+ Parking spaces at rear. Interior features include custom built-ins, mostly laminate flooring, brick fireplace, Laundry room, shower in-tub, ceiling fans, and much much more! With a generous 10,596 SQ.FT Lot size, all-flat and rectangular, this highly attractive Property has the potential to expand existing units, to add an additional Unit or ADU, OR may be developed into a multiple Townhouse/ Condo/ PUD depending on your preferred plan designs. Buyer shall conduct own due diligence with own professionals and is invited to explore all the wonderful potential and possibilities this Property can provide. Strong income potential, especially considering the highly desirable location. Property is a half-block from Pasadena City College, close to Cal Tech, wide array of tasty 5-star restaurants and comfort/ quick eat options, as well as all the wonderful amenities, major retailers, and multiple shopping centers provided on Colorado Blvd, Lake Ave, Paseo Shopping Mall, Old Town Pasadena, and so much more! Need to commute? Plenty of public transportation options available nearby, and close proximity to the Metro Gold Line - Allen Station. With so much conveniences and activities nearby along with the rich history of Pasadena, come discover the great possibilities with this Income-generating property and maximize its true potential!