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460 Vista Avenue

Pasadena, CA 91107
  • $2,150,000
  • STATUS: Active Under Contract
  • ON SITE: 67 Days
  • ID#: PF21212736
Under Contract
$2,150,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,292
    SQFT
  • $501
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1963
County:

School Information

High School:
School District:
Listing provided courtesy of Christina Dreyer of Sotheby's International Realty

Description

Enjoy the good life. Live in a 3 bedroom, 2 bath, about 1073 square foot unit in Pasadena and have tenants pay your mortgage for you. Prime well-kept 2 Story apartment building with four units located in a desirable area of NE Pasadena. Peaceful residential neighborhood conveniently located within 2 miles of Pasadena City College, Fuller Seminary, the gold metro link and Caltech makes these units easy rentals for investment: or you can comfortably live in one and the other rented units pay for your mortgage. With low interest rates and easy to manage if you live there, have the tenants build your equity. The building has 12 bedrooms and 8 bathrooms. Each well maintained unit is approximately 1,073 square feet and is spacious with 3 bedrooms and 2 bathrooms. Each unit is provided a private stackable washer, dryer, stove and refrigerator. The 2 ground level units have small private patios. Unit B has been recently remodeled with new flooring, stainless appliances, modernized stylish bathrooms and kitchen. The 5 carport Parking spots could be converted into private garages. This is a potentially great investment with the possibility to raise the rents for income growth. Owners relative lives in one unit and will easily vacate after closing escrow. With the unit re-rented to market rents, the GRM would be 16 with a 4.76% CAP rate! Also See MLS listing# PF21206005 for financial information. Call for more information. Drive by only please.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T00:26:48.187. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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460 Vista Avenue Pasadena, CA 91107

  • Price: $2,150,000
  • Status: Active Under Contract
  • On Site: 67 Days
  • ID#: PF21212736
12
Beds
8
Baths
0
½ Baths
0.17
Acres
4,292
SQFT
$501
$/SQFT
1963
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
High School:
Pasadena
School District:
Pasadena Unified
Property Description
Enjoy the good life. Live in a 3 bedroom, 2 bath, about 1073 square foot unit in Pasadena and have tenants pay your mortgage for you. Prime well-kept 2 Story apartment building with four units located in a desirable area of NE Pasadena. Peaceful residential neighborhood conveniently located within 2 miles of Pasadena City College, Fuller Seminary, the gold metro link and Caltech makes these units easy rentals for investment: or you can comfortably live in one and the other rented units pay for your mortgage. With low interest rates and easy to manage if you live there, have the tenants build your equity. The building has 12 bedrooms and 8 bathrooms. Each well maintained unit is approximately 1,073 square feet and is spacious with 3 bedrooms and 2 bathrooms. Each unit is provided a private stackable washer, dryer, stove and refrigerator. The 2 ground level units have small private patios. Unit B has been recently remodeled with new flooring, stainless appliances, modernized stylish bathrooms and kitchen. The 5 carport Parking spots could be converted into private garages. This is a potentially great investment with the possibility to raise the rents for income growth. Owners relative lives in one unit and will easily vacate after closing escrow. With the unit re-rented to market rents, the GRM would be 16 with a 4.76% CAP rate! Also See MLS listing# PF21206005 for financial information. Call for more information. Drive by only please.
Exterior Features

Attached Garage YN 0 Carport Spaces 5 Carport YN Yes Construction Materials Stucco Lot Features Sprinklers TimerSprinkler System Open Parking Spaces 1 Parking Features Detached Carport Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes Sign On Property YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas Range Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Main Level Bathrooms 2 Main Level Bedrooms 3

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Contingency Buyer To Cooperate in Seller's 1031 Exchange At No Cost To Buyer. Seller Has Already identified His Exchange. Garage YN Yes Inclusions StovesRefrigeratorsWashers & Dryers Land Lease YN No Laundry Features InsideStacked Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange New Construction YN No Number Of Units In Community 4 Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T00:26:48.187. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing provided courtesy of Christina Dreyer of Sotheby's International Realty