415 S El Molino,Pasadena, CA 91101
Pasadena, CA 91101
Description
Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density / expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside , significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that .Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density and expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside, significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that is ripe for Capex modernization ( complete tear-off / installation of a new roofing system. Full exterior repainting . Replacing of all the aging water heaters. A interior renovation across 7 units .This charming 3 -building complex features A 1924 timeless charm structure (1924sqt 2BD/1BA and 1BD/1BA) accompanied by two additional buildings / built in 1955 (8407 sqt 3 x 2BD/1BA and 7x 1BD/1BA). This staggered construction creates a property / unique character / diverse unit layouts. Ground -floor layouts expand the living space outdoors with expansive , fully enclosed private yards to give residents dedicated open air extensions of their homes. 3 units (upstairs) shared open -air common breezeway .
Details
| MLS # | WS26158276 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 37 |
| Listing Provided By | IRN REALTY | X F SHIRLEY H. LAM |
Features
| SQ Feet | 12 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 3 |
| Acreage | 0.46 |
Exterior
| Lot Features | Eleven To Fifteen Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91101) | |
Price: $4,290,000 low | high Med: $742,500 sqft: 12 low | high Med: 917 $ / sqft: $357,500 low | high Med: $835 On site: 37 low | high Med: 116 | |
Market Activity 91101
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91101) | |
Price: $4,290,000 low | high Med: $742,500 sqft: 12 low | high Med: 917 $ / sqft: $357,500 low | high Med: $835 On site: 37 low | high Med: 116 | |