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Address: 26 Virginia Ave
City: Pasadena
State/county: California
Zip/Postal Code: 91107
Country: United States

4 Units in Pasadena

Just SoldSold

26 Virginia Ave, Pasadena, CA 91107, USA

$1,295,000$323,750/Per Unit

Just Sold, Sold

Description

We are pleased to offer for sale this 4 unit investment property in the highly valuable rental community of Pasadena. Located just south of Colorado Blvd between Sierra Madre Blvd and San Gabriel Blvd, the subject property is in a strongly sought after investment area and a dense rental market. The property consists of 1(2Bed/1Bath) single-story Detached Cottage, and 3 (1Bed/1Bath) units located in a single-story Tri-Plex. The property offers private garden walkways, onsite garage parking (3 stalls) and is separately metered for electricity & gas. The current owner re-roofed the tri-plex structure within the last two years and has maintained the rest of the property very well. Given the ever-increasing rental rates in the Pasadena area, a new investor can take advantage of a significant upside in rental income once the property has been repositioned with market rents.