1570 Locust Street

    Pasadena, CA 91106
    • $969,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: PW19269229
    UPDATED: 198 min ago
    $969,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,331
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    2 units located in prime downtown Pasadena. The property is on an ex-large 9641 square foot lot, which includes a vacant lot in the rear of property(approx.-1457 sq ft), potential zoning for an additional unit, and or an expansion of the rear unit, huge upside opportunity for additional income. Front unit is a single- family residence with 3 bed 2 bath, washer and dryer hook-ups, private fenced grass backed yard, plenty of parking with long term tenants that would like to stay, with new owners. The rear unit is in great shape and consists of a 3 bed, 2 bath, 2 story, private fenced grass yard. The property offers plenty of off-street parking, along with RV access. Currently rents are below market value, huge upside potential. Buyers to verify all information, complete due-diligence, check with city regarding development, use, overall condition, potential rents, zoning and sq ft, overall condition. Property is sold As-is. Please do not disturb tenants, please contact listing broker with any question. Great investment opportunity. Have a great day.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T00:26:34.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/101321710

    1570 Locust Street Pasadena, CA 91106

    • Price: $969,000
    • Status: Active
    • Updated: 198 min ago
    • ID#: PW19269229
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,331
    SQFT
    $416
    $/SQFT
    1890
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    2 units located in prime downtown Pasadena. The property is on an ex-large 9641 square foot lot, which includes a vacant lot in the rear of property(approx.-1457 sq ft), potential zoning for an additional unit, and or an expansion of the rear unit, huge upside opportunity for additional income. Front unit is a single- family residence with 3 bed 2 bath, washer and dryer hook-ups, private fenced grass backed yard, plenty of parking with long term tenants that would like to stay, with new owners. The rear unit is in great shape and consists of a 3 bed, 2 bath, 2 story, private fenced grass yard. The property offers plenty of off-street parking, along with RV access. Currently rents are below market value, huge upside potential. Buyers to verify all information, complete due-diligence, check with city regarding development, use, overall condition, potential rents, zoning and sq ft, overall condition. Property is sold As-is. Please do not disturb tenants, please contact listing broker with any question. Great investment opportunity. Have a great day.
    Exterior Features

    Construction Materials Drywall WallsStucco Fence YN Yes Fencing BlockRedwoodWood Foundation Details Pillar/Post/PierRaised Garage Spaces 0.00 Lot Features Front YardWalkstreetYard Lot Size Source Estimated Lot Size Units Square Feet Parking Features DrivewayAsphaltDriveway LevelOff StreetRv Access/Parking Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Dishwasher Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Wall Furnace Heating YN Yes Interior Features Formica Counters Laundry Features Individual RoomInsideStackable Levels Two Room Type Family RoomKitchenLaundryLiving RoomMain Floor Master Bedroom Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet LightsSuburban Country Us Electric Electricity - On Property Elevation Units Feet Garage Income 1200.00 Gross Income 55200.00 Gross Scheduled Income 55200.00 Insurance Expense 1100.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 47900.00 New Construction YN No New Taxes Expense 10901.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Wall AC 4 Operating Expense 7300.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 13801.00 Trash Expense 0.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Psr1

    Listing provided courtesy of Tod B. Bishop of Broadmoor Realty and Cheri Kahler of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T00:26:34.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723