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Listed by Nicholas Borrelli • Coldwell Banker Realty
$3,500,000
Est. payment /mo
4,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,250 sqft
Price per Sqft $823
MLS Listing ID CRAR25158440
HOA Y/N No
Year Built 1925
Lot Size 8,999 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena’s South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Cooling Other
Flooring Wood
Fireplace No
Laundry Inside
Exterior
View None
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