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Listed by Sarkis Aleksanian • COMPASS
$3,900,000
Est. payment /mo
9,533 Sqft Lot
New
790 E Orange Grove BLD Pasadena, CA 91104
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-24648
Year Built 1923
Lot Size 9,533 Sqft
Source California Regional MLS
Property Description
Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long-term value. This opportunity deliver
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Rooms
Kitchen Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator
Interior
Cooling Central AC, Central Forced Air - Electric
Exterior
Parking Features Assigned Spaces, Private / Exclusive, Common Parking Area, Other, Parking Area
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Flat / Low Pitch,2
Building
Story One Story
Water District - Public
Others
Tax ID 5731013004
Special Listing Condition Not Applicable
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