49 S Craig Ave, Pasadena, CA 91107

Property Description

Great quadruplex (4-plex) with good unit mix and set up for investors or owner occupied unit with rental income from the other 3 units. RM zoned with newer condominium developments around this property and great potential for future developments. Buyer to verify zoning and potential use with city planning department. The property is comprised of (Unit #1) two story 3 bedroom and 2 bath front unit with its own two car garage, living room with cathedral ceiling, fireplace, dining area, kitchen and 1 bedroom 1 bath on the first floor and 2 bedrooms with 1 bath on the second floor. Unit #2 is a downstairs 2 bedroom 1 bath unit. Units #3 and #4 are both upstairs units with 2 bedroom 1 bath each. There are 4 car carport under the building in addition to a common laundry room with a coin operated washer and dryer for additional income. Centrally located on an interior street surrounded by condominiums and multi family land uses, just south of Colorado Blvd. in the heart of Pasadena, with easy access to transportation, shopping, restaurants, Cal Tech, Pasadena city college, South Lake Shopping District, Old Town Pasadena and Rose Parade route. Each unit is separately metered for gas and electricity. Current rents are low with upside potential. Assessor records show address as 51 S. Craig Avenue. Site and mailing address is 49 S. Craig Avenue.