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350 E Orange Grove Boulevard

Pasadena, CA 91104
  • $1,499,000
  • STATUS: Active
  • ON SITE: 262 Days
  • ID#: PF22185588
UPDATED: 44 min ago
$1,499,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Listing Agent(s): Enrique Lizarazu of Dpp (626-683-0777)


Description

4 units on a large lot. Lots of potential. Centrally located between Garfield & Los Robles. The front building is a residence with 6 bedrooms and 4 baths. Large front porch. Living room has beamed ceilings. Central air and heat. Large ceiling fans. Spacious kitchen with generous counter space & cabinets. The duplex located in the rear was built in 1988. It consists of 2 X two bedrooms with one bath built over the 8 car carport. Both units have laminated floors, wall heaters, acoustic ceilings & walk in & linen closets. There is a fourth unit with one bedroom / 1 bath located in the back. It has high ceilings. Sold in as-is condition. Large lot Zoned FGSP-C-3D allows for a wide variety of uses- residential care facility, office, food, catering, child care etc. Owner will rent back two of the units. Attractive GRM and CAP rate.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T12:29:15.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/132975598
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350 E Orange Grove Boulevard Pasadena, CA 91104

  • Price: $1,499,000
  • Status: Active
  • On Site: 262 Days
  • Updated: 44 min ago
  • ID#: PF22185588
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1908
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
4 units on a large lot. Lots of potential. Centrally located between Garfield & Los Robles. The front building is a residence with 6 bedrooms and 4 baths. Large front porch. Living room has beamed ceilings. Central air and heat. Large ceiling fans. Spacious kitchen with generous counter space & cabinets. The duplex located in the rear was built in 1988. It consists of 2 X two bedrooms with one bath built over the 8 car carport. Both units have laminated floors, wall heaters, acoustic ceilings & walk in & linen closets. There is a fourth unit with one bedroom / 1 bath located in the back. It has high ceilings. Sold in as-is condition. Large lot Zoned FGSP-C-3D allows for a wide variety of uses- residential care facility, office, food, catering, child care etc. Owner will rent back two of the units. Attractive GRM and CAP rate.
Exterior Features

Carport Spaces 8 Carport YN Yes Lot Features Rectangular Lot Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central AirNone Cooling YN No Fireplace Features None Fireplace YN No Flooring Wood Heating CentralWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.52 Common Interest None Community Features CurbsGutter(S)Street LightsSidewalks Electric Expense 0 Garage YN No Gross Income 98400 Gross Scheduled Income 98400 Insurance Expense 1600 Land Lease YN No Laundry Features InsideNone Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 67790 New Construction YN No New Taxes Expense 18737 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 27657 Possession Negotiable Property Condition Repairs Cosmetic Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3700 Trash Expense 1920 Vacancy Allowance 2952 Vacancy Allowance Rate 3 Water Sewer Expense 3600 Water Source Public Zoning Fgspc-3D



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T12:29:15.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Enrique Lizarazu of Dpp (626-683-0777)