Description
Big Price Adjustment! Motivated Seller! A True Gem for Developers and Investors! Rare opportunity to own a 4-unit compound of fully detached homes in one of Pasadena’s most desirable residential pockets, just south of Colorado Blvd. Situated on an expansive 11,256 SF lot, the property offers approximately 4,350 SF of living space with an ideal layout for both end-users and investors. The front residence features 3 bedrooms and 2 bathrooms, while the rear homes each offer 2 bedrooms and 1 bathroom, all with functional layouts, high ceilings, and abundant natural light. Separate electric and gas meters, shared laundry, and covered parking provide convenience and operational efficiency. Surrounded by well-maintained homes and set along a wide, tree-lined street, the property offers a quiet, comfortable environment with strong neighborhood appeal - a rare blend of lifestyle and investment fundamentals. Zoned RM-32, this property presents exceptional redevelopment potential for higher-density new construction (buyer to verify). The large lot further enhances its appeal with ADU and value-add opportunities, making it equally attractive to developers seeking long-term upside. A unique offering that seamlessly combines current income, future development potential, and a premier Pasadena location opportunities like this are rarely available.
Details
| MLS # | AR26075032 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 139 |
| Listing Provided By | In Realty Inc. | Kuangkai Kuo |
Features
| SQ Feet | 4,350 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 4 |
| Acreage | 0.26 |
Interior
| Cooling | Central Air, Heat Pump, Wall Window Units |
|---|---|
| Heating | Central, Forced Air, Heat Pump, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Fencing | Block |
|---|
Parking
| Parking Features | Covered |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91107 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91107) | |
Price: $1,980,000 low | high Med: $1,712,500 sqft: 4,350 low | high Med: 3,023 $ / sqft: $455 low | high Med: $577 On site: 139 low | high Med: 12.5 | |
Market Activity 91107
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91107 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91107) | |
Price: $1,980,000 low | high Med: $1,712,500 sqft: 4,350 low | high Med: 3,023 $ / sqft: $455 low | high Med: $577 On site: 139 low | high Med: 12.5 | |
 | $1,650,00056 N ParkwoodPasadena, CA 91107 |