CA > Pasadena
Pasadena, CA 91101,482 S El Molino AVE
Pasadena, CA 91101,482 S El Molino AVE
Pasadena, CA 91101,482 S El Molino AVE
Pasadena, CA 91101,482 S El Molino AVE
Pasadena, CA 91101,482 S El Molino AVE
Pasadena, CA 91101,482 S El Molino AVE
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Denise West

Denise West

+1(805) 390-4142
$ 3,100,000
Est. payment | /mo

12 Beds

10 Baths

8,162 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

12 Beds

10 Baths

8,162 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,162 sqft

Price per Sqft $379

MLS Listing ID 25560529

Bedrooms 12

HOA Y/N No

Year Built 1962

Lot Size 0.336 Acres

Property Description

First time on the market in over 50 years, it is with great pleasure to present this 8-unit multifamily property in one of the best areas of Pasadena. This investment offers a stable return and appreciation fueled by this high rental demand location at just a 10-minute walk to Erewhon, Trader Joe's and the prime corridor of South Lake Ave. With a large building size of 8,162 SF the subject property offers spacious units featuring a strong unit mix of: TWO 2 Bed + 2 bath units, TWO 2 Bed + 1 bath units and FOUR 1 Bed + 1 bath units. The garden style layout offers charm and privacy with most units having patios or balconies. The two-bedroom units feature central HVAC systems and all units have individual water heaters and separately metered for gas and electricity. Major capital improvements include a full roof replacement in 2022, the plumbing has been updated and granite counters with built-in stoves and ovens. Situated on a large 14,617 SF lot, there are 8 covered parking spaces with 3 more uncovered spaces along with storage sheds that can provide some additional rental income. A community laundry room currently has two, landlord owned, coin operated machines and can accommodate two additional machines to increase laundry operations. All balconies have been inspected per state ordinances. Units are subject to Pasadena local rent control laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Electric

Cooling Central Air

Fireplace No

Appliance Built-In

Laundry Common Area

Exterior

Parking Features Detached Carport

Pool None

Total Parking Spaces 11

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5734020013

Special Listing Condition Standard

CRMLS – RECore
Listed by Alexander Metaxas Realty Investment Advisors, Inc.
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+1(805) 390-4142

denisewestrealtor@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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482 S El Molino AVE