1422 El Sereno Avenue, Pasadena, Los Angeles County, CA, 91103 Silicon Valley CA US

USD 2,400,000
For Sale MLS: TR23113447

Property Details

Bedrooms

9

Bathrooms

4

Neighborhood

North Central Pasadena

Property Type

MultiFamily

Description

With a steady and reliable rental stream, the fully-leased 1422 El Sereno is ideal for investors looking to maximize income producing potential. Despite all units renting at near average market value, only one of six units is commanding top dollar for its recent updates. Although none of the units (~1011 sf/unit) are dilapidated, updates can still be applied to boost rental income. The community laundry room contains washer & dryer hook-ups but is currently being used as a storage room. Implementation of RUBS and laundry will further expand income production. The property provides at least 11 assigned on-site parking spaces. Street parking is also readily available. Recent updates include a newer community water heater and security gate. Located near the 210, Art Center, Rose Bowl Stadium, Arroyo Seco and much much more, 1422 El Sereno presents a golden opportunity to enter a competitive Pasadena market without substantial tenant pool & vacancy concerns. Find out more about this property. Request details here

Location

Address

1422 El Sereno Avenue, Pasadena, California 91103, United States

City

Pasadena

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