171 S Sierra Madre Boulevard, Pasadena, Los Angeles County, CA, 91107 Silicon Valley CA US

ATTENTION INVESTORS, DEVELOPERS & OWNER USERS! GREAT INVESTMENT OPPORTUNITY FOR A 5 UNIT MULTIFAMILY (171-179 S Sierra Madre) ON A LARGE 16,134 SF LOT, ZONED RM32, IN SOUTHEAST PASADENA, CAN POSSIBLY BUILD UP TO 11 TOWNHOMES (CHECK WITH CITY). PROPERTY IS RIGHT ACROSS FROM THE NEWER TOWN & COUNTRY LUXURY TOWNHOUSE COMMUNITY. THE PROPERTY CURRENTLY HAS 5 UNITS WITH STABLE TENANTS. UPSIDE RENT POTENTIAL, ABOUT 20% BELOW MARKET. THERE ARE TWO SEPARATE DRIVEWAYS, ONE EXCLUSIVE TO FRONT HOUSE AND THE OTHER TO THE BACK 4 UNITS. FRONT HOUSE (175 S Sierra Madre) IS A 2,848 SF BEAUTIFUL VICTORIAN STYLE 2 STORY HOME WITH 4 BEDROOM & 2 BATH, LARGE KITCHEN, A BASEMENT, GARAGE, FRONT AND SIDE YARDS. IT IS ALSO IDEAL FOR OWNER USER, LIVE IN FRONT AND RENTAL INCOME FROM THE OTHER 4 UNITS. TOTAL OF 3 SEPARATE BUILDINGS, 2 BACK BUILDINGS BUILT 1957, ALL FOUR UNITS IN BACK WITH 2 BEDROOM, 1 BATH PLUS ONE CAR GARAGE. SITUATED IN SOUTHEAST PASADENA, NEXT TO SAN MARINO AND AROUND 2 ½ BLOCKS AWAY FROM COLORADO BLVD WHERE THE ICONIC ANNUAL ROSE PARADE PASSES BY, ALSO CLOSE TO GROCERY, MANY RETAIL STORES, RESTAURANTS, TRANSPORTATIONS INCLUDING METRO RAIL STATION. Find out more about this property. Request details here