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.
5,500 Sq Ft
0.2188 Private Acres Lot Size
Apartment
Built in 1923
MLS/Listing ID P1-24648
1 Stories
8 Units
Gas Range
Microwave
Vinyl
Quartz Countertops
Lot - No Sprinklers
Parking - Assigned
Parking - Concrete
Parking - On Site
Parking - Paved
Parking - Private
Parking - One Space
Flat
Electric Range
Cooling - Electric
Cooling - Central Air
Construction - Copper Plumbing
Construction - Stucco
Construction - Frame
Community - Sidewalks
Community - Suburban
Community - Street Lights
Community - Foothills
Community - Biking
Tankless Water Heater
Refrigerator
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE
TOTAL MONTHLY COST
-
-
-