Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
N/A
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena’s South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.2066
-
Property Type
Residential Income
-
Architectural Style
Bungalow
Exterior
-
Garage
No
-
Parking
Driveway
Financial
-
Sales Price
$3,500,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Nicholas Borrelli , Coldwell Banker Realty
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