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Listed by Handoko Chen • Growth Investment Group Pasade
$3,800,000
Est. payment /mo
8,340 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,340 sqft
Price per Sqft $455
MLS Listing ID CRAR25146336
HOA Y/N No
Year Built 1949
Lot Size 0.480 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
SELLER MAY CARRY - Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, Drawings for 2 ADUs are included. MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Washer, Other
Exterior
View Mountain(s)
Building
Lot Description Level, Other
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