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175 Catalina Avenue
Pasadena, CA 91106
Sold
LOWEST PRICE PER SQ. FT. OF ANY APARTMENT BUILDING IN PASADENA! This 5 unit apartment property offers an excellent value-add opportunity for any investor or even an owner user as the property consists of four spacious units in front with a detached bungalow house in back. This tremendous location is situated just one-half mile (0.5 mi) from the Metro Gold Line station to the North and the restaurants of S. Lake Ave and famous Shoppers Lane to the South. The four spacious units in front feature a great unit mix of a two-story 4 bedroom + 2 bath townhouse unit and three 2 bedroom + 1.5 bath units. The detached 1 bedroom + 1 bath bungalow in back is close to 700 SF (Buyer to verify) with its own dedicated carport and private back yard. There are 4 covered parking spaces that can park 2 cars tandem for the front units and two more spaces for detached house, so 10 on-site parking spaces. Enclosed storage rooms and two units have private, fenced patio area. The property is separately metered for gas and electricity with a community laundry room and central water heater. Situated on a 9,948 SF lot with a high-density zoning of RM-48, the property directly across the street with a similar lot size currently has 9 Townhome units being developed. There is potential to create an ADU within the property (Buyer to verify with City). For an investor, this property presents the opportunity to achieve a much higher rental income as units become vacant since the property is under Pasadena Rent Control laws. Given the location, property features and incredibly strong rental demand of Pasadena, this multifamily property is a very strong long-term investment and hedge against inflation.
PROPERTY INFORMATION
| MLS # | 23270989 | Lot Size | 9,948 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,400,000
Price Per SqFt: $ 266 |
DOM | 734 Days |
| Address | 175 Catalina Avenue | Type | Residential Income |
| City | Pasadena | Sq.Ft. | 5,264 Sq. Ft. |
| Postal Code | 91106 | Garage | N/A |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 10 / 0 | Parking | 9 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2023-10-16 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,493
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/24/2023 | Relisted | $1,795,000 |
| 05/22/2023 | Listed | $1,998,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Alexander Metaxas, Realty Investment Advisors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
