Description
Arguably the BEST apartment property currently for sale in ALL of Pasadena! Here is a once-in-a-generation opportunity to acquire an exceptional 7-unit complex situated within Pasadena's revered 91105 zip code. This pride-of-ownership gem is one of only SIX multi-family apartment properties with a West California Blvd street address. Well positioned on a corner lot, the property also adorns a South Orange Grove Blvd address, known as "Millionaire's Row." It has been honored with an award from the City of Pasadena for its excellence in design and curb appeal. Besides its location, what makes this property so unique is that it consists of seven "condo-like" apartments in a building that boasts nearly 12,000 total square feet. These apartment homes, each 2 bedrooms and 2 baths are close to 1,600 Sq.Ft. EACH (Buyer to verify) and include features such as hardwood floors, well-appointed kitchens with stainless steel appliances, updated bathrooms, beautiful fireplaces, elaborate crown molding, wainscoting, generous closets, patios and decks. Modern comforts include central HVAC, dual-pane windows, tank-less water heaters, modern lighting, and the convenience of in-unit laundry. The building systems include newer electrical panels, copper plumbing, updated drain and main sewer lines and newer pitched roofs. With its corner lot measuring over half of an acre at 22,359 Sq.Ft., it offers individual enclosed garages as well as open parking for a total of 14 on-site spaces. The property enjoys an enviable location offering high end rentals in one of the City's most premiere neighborhoods. This is a very rare opportunity to own a trophy piece of investment real estate that is turn-key and has been meticulously maintained.