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Listed by Nicholas Borrelli • Coldwell Banker Realty
$ 3,500,000
Est. payment /mo
Active
103 North Catalina Avenue Pasadena, CA 91106
4,250 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,250 sqft
Price per Sqft $823
MLS Listing ID AR-25158440
Style Bungalow
Year Built 1925
Lot Size 8,999 Sqft
Property Sub-Type Apartment
Property Description
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena's South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Location
State CA
County Los Angeles
Area 648 - Pasadena Se
Zoning PSR4
Interior
Heating Forced Air
Flooring Wood
Laundry Inside
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected, Water Connected
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944