Mutli family investment property within walking distance to Old Town Pasadena. This property features two separate duplexes on a large nearly 10,000 square foot lot with tons of potential. Current configuration has over a 5% cap rate with easy path to 6%. Highest and best use may be new construction with endless possibilities!

Property is conveniently located near Old Town Pasadena, Pasadena City College (PCC), California Institute of Technology (Cal Tech), shops and restaurants on Colorado Blvd, and the I-210 and 134 freeways. Easy walk to Metro Gold Line. Exclusive 91101 zip code.

This 4-unit property is comprised of four (4) one bedroom, one bathroom units. All units on ground level, and feature garbage disposals, wall furnaces, front and rear entrances, and security doors. Both units in the front duplex remodeled in 2015 and feature a shared front porch and large front, fenced yard. New kitchen cabinets, granite counters, floors, microwaves, stoves, and fridges. Some windows updated. High ceilings. The rear duplex has minor updates and needs TLC or rebuild. Private yards.

Three divided garages in rear with 5+ additional parking spaces. Onsite coin-op laundry room for additional income for owner (no contract). Large storage basement under front duplex for owner use.

Drive by only! Please do not disturb tenants.