1124 Cordova Street, Pasadena, CA 91106
List Price: $2.19M
Listing Status: Hold
0Days on Market: 0
8 Bedrooms · 6 Bathrooms · 4,407 sq ft
Property Type: ResidentialIncome
Lot Size: 8,265 sq ft
MLS Number: 26942719
About This Property
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, the property benefits from its proximity to two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY
Listing provided by: Alexander Metaxas DRE #01784652 6264874300 ametaxas@riacre.com, Realty Investment Advisors, Inc.
Source: CRMLS