Pasadena CA Real Estate & Commercial for Sale

Commercial Building for Sale! In the beautiful city of Pasadena. Location is great! Tenant occupied. Buyers to conduct due diligence with associating themselves with the building and planning department in Pasadena - on the type of future developments, improvements, permits, etc.

18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. Motivated SELLER!!! Note on property is ASSUMABLE WITH A RATE OF 3.75% UNTIL 10/2026 or SELLER IS WILLING TO FINANCE THE DEAL WITH VERY REASONABLE RATE AND TERMS (CONTACT AGENT FOR MORE INFORMATION), contact agent for terms. Located in the heart of Old Town Pasadena this complex is just a few steps away from local eateries and bars, and also shops. The property was built in 2002 and shows pride of ownership with a well-maintained building and units. All units are approximately 900 sf is size and are all 2 bedrooms and 2 bathrooms and come with their own laundry units. There are a total of 29 surface and subterranean parking with 2 handicapped spaces. Situated in the heart of Old Town Pasadena, with a lot of 9,028 square feet. The property is located just 11.3 miles from Downtown Los Angeles and within 2 miles of three top major colleges Art Center College of Design, California Institute of Technology, and Pasadena City College. The property is also located 0.3 miles from the Parsons Corporation and 0.5 miles to Pasadena City Hall and approximately 4.6 miles to JPL. Across the street are Pasadena Memorial Park and the Memorial Park Metro Gold Line Station making an easy commute for those working in Downtown Los Angeles. Offered at a 3.90% Pro-Forma CAP rate and 15.52 Pro-Forma GRM, there is upside potential with below-market rents. These units are easy to rent due to their prime location and well-kept units. The property has very stable and long-term tenants in place.

An exceptional opportunity to purchase three individual properties that will be sold together at one time. Building #1 has 1758 square feet of building area and a lot size of 8900 square feet and is currently being used as a mechanic tire shop. Building # 2 has 2205 square feet of building area and a lot size of 9025. It is currently being used as a part of the mechanic tire shop. Building #3 has 1980 square feet of building area and a lot size of 6100 that is also part of the tire shop. Property is located about a quarter mile from the Rose Bowl and nearby old town Pasadena.

Look no further. This is an ideal location with many possibilities . Currently used as Religious Institution. City of Pasadena zones the lot - PSCThere is ONE building standing. It is up to Buyer what they intend to do with the building. Once Accepted, Listing Agent will set the date for Buyer to view the inside of the building. This sale is negotiable. Seller is motivated. Offers are welcome.