$2,500,000/mo

1222 E Orange Grove, Pasadena, CA 91104

10,272 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1965
0.35acre lot
—— car garage
$243/sqft
Listed 3 days ago

Property Description

Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.