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    657 S Lake Avenue S

    Pasadena, CA 91106
    • $2,275,000
    • STATUS: Active
    • ON SITE: 99 days
    • ID#: P1-2717
    $2,275,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    This fourplex is the quintessential Pasadena income property. Janes Cottage in style, the property consists of four one bedroom, one bath units in a configuration of two duplexes. The level lot with mature trees is charming and located in the desirable South Lake Avenue area of Pasadena close to shopping, dining, entertainment and transportation. Each charming single level cottage features a living room, dining room or dining area, bath and bedroom, although no two are alike. Currently fully leased, the complex provides an investment opportunity in a premier location. Drive by only; inspection upon acceptance of offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113089761
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    657 S Lake Avenue S Pasadena, CA 91106

    • Price: $2,275,000
    • Status: Active
    • ID#: P1-2717
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1923
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    Property Description
    This fourplex is the quintessential Pasadena income property. Janes Cottage in style, the property consists of four one bedroom, one bath units in a configuration of two duplexes. The level lot with mature trees is charming and located in the desirable South Lake Avenue area of Pasadena close to shopping, dining, entertainment and transportation. Each charming single level cottage features a living room, dining room or dining area, bath and bedroom, although no two are alike. Currently fully leased, the complex provides an investment opportunity in a premier location. Drive by only; inspection upon acceptance of offer.
    Exterior Features

    Carport YN Yes Direction Faces South Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 4 Parking Features AsphaltCarport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls 2+ Common Walls Flooring LaminateWood

    Property Features

    Community Features BikingSidewalks Garage YN No Green Energy Efficient Water Heater Gross Income 96859 Gross Scheduled Income 96859 Inclusions This Fourplex is The Quintessential Pasadena income Property. Janes Cottage in StyleThe Property Consists Of Four One BedroomOne Bath Units in A Configuration Of Two Duplexes. The Level Lot With Mature Trees is Charming And Located in The Desirable South Lake Avenue Area Of Pasadena Close To ShoppingDiningEntertainment And Transportation. Each Charming Single Level Cottage Features A Living RoomDining Room Or Dining AreaBath And BedroomAlthough No Two Are Alike. Currently Fully LeasedThe Insurance Expense 4014 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanContract Net Operating Income 78000 New Taxes Expense 14054 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 18859 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 8071 Trash Expense 0 Water Sewer Expense 2000 Water Source Public

    Listing provided courtesy of Elle De Frih of G & G Realtors and Mark Geragos of G & G Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
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