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Listed by Sarkis Aleksanian • COMPASS
$3,900,000
Est. payment /mo
5,500 SqFt
New
790 E Orange Grove Boulevard Pasadena, CA 91104
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $709
MLS Listing ID CRP1-24648
HOA Y/N No
Year Built 1923
Lot Size 9,533 Sqft
Property Sub-Type Other
Source Datashare California Regional
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 delivers t
Location
State CA
County Los Angeles
Interior
Cooling Central Air, Other
Flooring Vinyl
Fireplace No
Appliance Tankless Water Heater
Exterior
View None
Building
Lot Description Other
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