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$3,900,000

Est. payment - /mo

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9,530 Sqft Lot

New

790 E Orange Grove BLVD Pasadena, CA 91104

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Lori Grzybowski

lorigsellsre@gmail.com +1(805) 302-7307

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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

Listed by Sarkis Aleksanian COMPASS