The property is rare opportunity for investors to acquire an attractive four-unit apartment building in the highly desirable location. Built in 1924 and maintained extremely well by the current owners, the building offers approximately 3,730 square feet and is situated on an 8,246 square foot lot.
Each the units offer one bedroom and one bathroom, measures approximately 935 square feet, and offers a large living and dining area, a decorative fireplace, gleaming wood floors, high-end built-in appliances in the kitchens including dishwashers and an individual laundry room with a washer/dryer in each unit. The building offers numerous updates throughout including earthquake retrofitting, updated lighting and plumbing, ceiling fans, updated bathrooms, window a/c units and a tankless water heater in unit 743 are just a few. Each unit is separately metered for electricity and gas. Parking is provided by the individual detached garages in the back, which are easily accessed by the individual rear doors found in each unit.
Well-built and full of charm throughout, and easy to maintain, the property is located just a block away from Lake Avenue and within walking distance to myriad of shopping and other amenities. It is just minutes to Old Pasadena, The Paseo and the many other amenities that Pasadena has to offer. The 210 Freeway and the 110 Freeway that connects to Downtown Los Angeles are both within proximity. 745 East Villa Street is a two bedroom, one bathroom home measuring approximately 950 square feet and is also for sale, located directly behind this property. Both escrows to close concurrently. Please see MLS#22108298