Description
Located in the desirable North Central Pasadena neighborhood, 1500 Navarro presents a rare opportunity to acquire a well-maintained, income-producing asset with strong in-place cash flow. This 6-unit multifamily property consists of one-bedroom units, fully occupied with stable Section 8 tenants, offering reliable and consistent rental income.Built in 1950 and held under long-term ownership, the property has been thoughtfully maintained, reflecting pride of ownership. Each unit is equipped with in-unit laundry--an increasingly sought-after amenity--enhancing tenant satisfaction and retention.The property offers one dedicated parking space per unit, along with additional storage cupboards conveniently located at each parking space. Residents also enjoy a shared outdoor common area, creating a comfortable and functional living environment. Ample street parking further adds to the property's accessibility for tenants and guests.Situated in a charming and established pocket of Pasadena, the property is ideally located near local shops, dining, and essential services, making it highly attractive. With its combination of location, stability, and amenities, 1500 Navarro is an excellent opportunity for investors seeking a low-maintenance asset with dependable returns and long-term upside.Ideal for both seasoned investors and those looking to enter the Pasadena multifamily market, this property delivers on all fronts: location, stability, and consistent performance.
Details
| MLS # | P1-26542 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 140 |
| Listing Provided By | COMPASS | Teresa Fuller |
Features
| Car Port | Yes |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.34 |
| Property View | None |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Sprinklers None |
|---|---|
| Fencing | Wrought Iron |
Parking
| Parking Features | Carport, Off Street |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Area | 645 Pasadena (NW) |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,750,000 low | high Med: $1,775,000 On site: 140 low | high Med: 131.5 | |
Market Activity
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Area | 645 Pasadena (NW) |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,750,000 low | high Med: $1,775,000 On site: 140 low | high Med: 131.5 | |
