646 Westminster, Pasadena, CA 91105

$3,200,000

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List Agent Charmane Johnson () Elevate Real Estate Agency; CoList ()

List Price
$3,200,000
Status
ACTIVE
MLS#
CV26084098
Year Built
1938
Lot Size
11,696
Lot Location
6-10 Units/Acre, Back Yard, Front Yard, Paved, Secluded, Sprinkler System, Street Level, Walkstreet, Yard
Days on Market
103
Property Type
Commercial
Style
Patio Home
Property Sub Type
Multi Family

Property Description

Excellent investment opportunity located in the Arroyo Pasadena area! Multi-unit Income Producing Property! Don’t miss this rare opportunity to own a versatile and income-generating property in this highly desirable area. This unique opportunity features a total of six units, including five 1-bedroom, 1-bath units all recently updated; and one spacious 3-bedroom, 2-bath two-story home with a balcony. The one-bedroom units have been updated, offering modern and exceptional finishes. The units offer practical layouts with bright living spaces and private bedrooms, appealing to a wide tenant base. Ideal for tenants seeking privacy and convenience. The main attraction at this property is the detached two-story home, perfect for an owner looking to live on-site while generating strong rental income from the remaining units. This property is currently providing solid and stable income in one of Southern California’s most sought-after rental markets. This property is ideal for anyone seeking to live in a very exclusive area. Additionally, the property may qualify for a 1031 exchange, making it an attractive option for investors looking to defer capital gains while upgrading their holdings. Located near shopping, dining, and major transportation routes, this Pasadena property offers both immediate income and long-term appreciation potential

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Exterior Construction
Stucco, Vinyl Siding, Wood Siding

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.