727 E Orange Grove Blvd, Pasadena, CA 91104

Property Description

Coldwell Banker is pleased to present a turnkey 7 unit single story apartment located at 727 E. Orange Grove Blvd., Pasadena, CA with great current cashflow. This seven unit property consists of 6 - 1 bedroom/1 bathroom (each approximately 600 sf) and 1 – 2 bedroom/1.75 bathroom (approximately 800 sf) on a huge 16,570 sq ft lot. All kitchens have been updated with granite countertops, wood cabinets, sinks and faucets. While seven of the eight bathrooms have been updated with vanity, toilet and flooring. All units have hardwood floors except one with laminate flooring. All units have individual electric and gas meters along with individual water heaters. There are 7 covered parking spaces. This well maintained property also has a beautifully private landscaped courtyard that is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 7 unit apartment is a great opportunity for any investor looking for a great current cashflow along with ease of a 15% rental upside with minimal turnaround time. In addition, the sellers might consider seller financing with 50% down payment for a strong credit worthy buyer. 
 Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions