790 E Orange Grove BLVD new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91104
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24648
Construction Status Additions/Alterations,Updated/Remodeled,Repairs Major
HOA Y/N No
Year Built 1923
Lot Size 9,530 Sqft
Property Sub-Type Apartment
Property Description
Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long-term value. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low-hassle, income-producing property with proven returns, your search ends here.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Interior
Interior Features Quartz Counters
Cooling Central Air,Electric
Flooring Vinyl
Fireplaces Type None
Inclusions All seller owned appliances
Fireplace No
Appliance Electric Range,Gas Range,Microwave,Refrigerator,Tankless Water Heater
Exterior
Parking Features Assigned,Concrete,On Site,Paved,Private,One Space
Pool None
Community Features Biking,Foothills,Street Lights,Suburban,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected
View Y/N No
View None
Roof Type Asphalt,Flat
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinklers None
Faces North
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One,Two
New Construction Yes
Construction Status Additions/Alterations,Updated/Remodeled,Repairs Major
Others
Senior Community No
Tax ID 5731013004
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard