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    1025 N Los Robles Avenue

    Pasadena, CA 91104
    • $2,150,000
    • STATUS: ACTIVE
    • ON SITE: 49 days
    • ID#: 302977929
    UPDATED: 126 min ago
    $2,150,000
    • 8
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    For sale is a unique opportunity for an investor or developer to purchase both an investment and development property. DEVELOPMENT OPPORTUNITY Featuring two parcels with two different assessor parcel numbers, one of the parcels has a 6,560 sf two story structure that is currently leased, and is being used as a permitted group home. The size of that lot with the structure is 10,125sf. The current tenant can stay, or be vacated. On the adjacent lot, is a vacant piece of land that can be developed into a 3 u For sale is a unique opportunity for an investor or developer to purchase both an investment and development property. DEVELOPMENT OPPORTUNITY Featuring two parcels with two different assessor parcel numbers, one of the parcels has a 6,560 sf two story structure that is currently leased, and is being used as a permitted group home. The size of that lot with the structure is 10,125sf. The current tenant can stay, or be vacated. On the adjacent lot, is a vacant piece of land that can be developed into a 3 unit property per the City of Pasadena's current building codes. This lot is 9,500sf. Combined, the two lots make up 19,625 sf and a total of seven units could be built on the two parcels if developed together. INVESTMENT OPPORTUNITY An investor can purchase this property and collect rent from the current in-place tenant. An investor could also choose to add value by vacating the current tenant, renovating the premises, and placing a new higher-paying tenant.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112482576
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    1025 N Los Robles Avenue Pasadena, CA 91104

    • Price: $2,150,000
    • Status: ACTIVE
    • Updated: 126 min ago
    • ID#: 302977929
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    Neighborhood:
    Pasadena (91104)
    County:
    Los Angeles
    Area:
    Pasadena (91104)
    Property Description
    For sale is a unique opportunity for an investor or developer to purchase both an investment and development property. DEVELOPMENT OPPORTUNITY Featuring two parcels with two different assessor parcel numbers, one of the parcels has a 6,560 sf two story structure that is currently leased, and is being used as a permitted group home. The size of that lot with the structure is 10,125sf. The current tenant can stay, or be vacated. On the adjacent lot, is a vacant piece of land that can be developed into a 3 u For sale is a unique opportunity for an investor or developer to purchase both an investment and development property. DEVELOPMENT OPPORTUNITY Featuring two parcels with two different assessor parcel numbers, one of the parcels has a 6,560 sf two story structure that is currently leased, and is being used as a permitted group home. The size of that lot with the structure is 10,125sf. The current tenant can stay, or be vacated. On the adjacent lot, is a vacant piece of land that can be developed into a 3 unit property per the City of Pasadena's current building codes. This lot is 9,500sf. Combined, the two lots make up 19,625 sf and a total of seven units could be built on the two parcels if developed together. INVESTMENT OPPORTUNITY An investor can purchase this property and collect rent from the current in-place tenant. An investor could also choose to add value by vacating the current tenant, renovating the premises, and placing a new higher-paying tenant.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Total Baths Unit1 4

    Property Features

    Annual Expense Actual 28875 Buildings 1 Gross Scheduled Income Actual 120000 Terms Conventional Unit Number For Unit1 1 Unit1 Rent Actual 120000.0 Zoning Assessor

    Listing provided courtesy of Coldwell Banker Realty Pasadena. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128