2152 East Washington Boulevard

Pasadena CA 91104

8118 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With its desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.

Features

4 bedrooms

4 bathrooms

8118 sq. ft. lot size

Multi-Family

Happy sellers in Pasadena

We have insufficient information to provide an overview of customer satisfaction for Pasadena. Viewing the agent profiles, reviews and sales for Pasadena can provide insights for this location.