176 N Michigan Av Pasadena, CA 91106

$1,329,000
Pasadena, CA   91106
0 Beds, 0.0 Baths, 0 sq ft, 7,723 sq ft lot, Built in 0
0 Beds,
0.0 Baths,
0 sq ft,
7,723 sq ft lot
Built in 0

Description

MLS# 316004223

Back on the Market! Great opportunity to own this fully rented & well established multi-dwelling investment property located in desirable Pasadena neighborhood. Endless possibilities to improve on existing structure and significantly increase the monthly rental amounts. NO rent control. Long term tenants currently paying below market rentals. New owner can benefit not only from the great location of this building but also from the huge upside in rents from the total of 5 units comprised of THREE 2-bedroom/1 bath units & TWO 1-bedroom/1bath unit in 3,506 sf on a 7,723 sf lot with on-site carport parking for tenants. Building passed a City inspection 2 years ago. Buyer to verify any potential redevelopment options with the City. Property sold AS-IS in its present condition. One 1-bedroom unit will be vacant as of July 31st. Please make offers subject to inspection. This is a Trust sale that does not require court confirmation. Trustee has no knowledge of the physical condition of the property. Motivated seller! Listed by Shelley Mitchell, Coldwell Banker Residental Bro.

Description

MLS# 316004223

Back on the Market! Great opportunity to own this fully rented & well established multi-dwelling investment property located in desirable Pasadena neighborhood. Endless possibilities to improve on existing structure and significantly increase the monthly rental amounts. NO rent control. Long term tenants currently paying below market rentals. New owner can benefit not only from the great location of this building but also from the huge upside in rents from the total of 5 units comprised of THREE 2-bedroom/1 bath units & TWO 1-bedroom/1bath unit in 3,506 sf on a 7,723 sf lot with on-site carport parking for tenants. Building passed a City inspection 2 years ago. Buyer to verify any potential redevelopment options with the City. Property sold AS-IS in its present condition. One 1-bedroom unit will be vacant as of July 31st. Please make offers subject to inspection. This is a Trust sale that does not require court confirmation. Trustee has no knowledge of the physical condition of the property. Motivated seller! Listed by Shelley Mitchell, Coldwell Banker Residental Bro.

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    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: 648 - Pasadena (SE)
COUNTY: LA
Building Info
STORIES: 0
PARKING: Carport Detached
Interior Features
FLOOR: Carpet
Exterior Features
DIRECTION: West
Garage & Parking
PARKING SPACES: 0.00
GARAGE SPACES: 0.00
CARPORT SPACES: 0.00
Community
UNITS TOTAL: 5
STORIES TOTAL: 0
Land
ZONE: PSR4
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