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Regal Real Estate and Financial Services
1007 E Maple, Pasadena, CA 91106
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- GD26240762
- Year Built
- 1912
- Lot Size
- 6,946
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
NextHome Grandview is proud to present this five-unit complex in Northwest Pasadena, just blocks from Old Town Pasadena’s popular shops, restaurants, and entertainment. This complex is conveniently located near the 134 and 210 freeways and within walking distance of the Lake Metro station. This multifamily investment offers two remodeled vacancies, existing rental income, and potential for future expansion or redevelopment under the City’s new North Lake Specific Plan. The property includes (1) studio, (3) one-bedroom units, and (1) two-bedroom unit. The remodeled studio and a (1) bedroom unit are currently vacant, offering immediate leasing opportunities. The remaining three units are occupied. Buyers can explore adding two to four units for a total of seven to nine, or redevelop the existing structures into an eight-unit complex, subject to City approval and buyer verification of allowable density and development feasibility. Inquire today to schedule a private showing and explore the property’s income and development potential.
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Michael Zargarian (michael@nexthomegrandview.com) from Listing Office: NextHome Grandview.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.