Six (6) unit multi-family investment/value-add opportunity. Walking distance from Pasadena City College (PCC) and minutes away from historic Old Town Pasadena. The two-story building was constructed of wood frame and stucco on a raised in foundation built in 1913 with a square footage of 3,733 on a 8,717-square foot lot. The subject property represents a very desirable asset in the rapidly-absorbing Pasadena market with value-add upside. All tenants are on month- to-month with below-market rents, allowing the new owner flexibility to raise rents immediately & reposition the property as Student Housing for PCC/Caltech students.
Given the location, accessibility to attractive local area amenities, and opportunity to increase rental income. Listed by Dorothy Lee, Tfs Properties, Inc..