794 E Orange Grove Boulevard
Pasadena, CA 91104

  • – beds
  • – baths
  • – sqft
  • 9,533 sqft lot
  • 1923 build
  • on site

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BOM! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.

California Regional MLS logo Listed By CRMLS_CA / Julio Ruiz / Global Platinum Properties, Inc.

Last checked: Checking… • Last updated Jul 23, 2023 •

MLS# 23229295 —

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Sale history

Date Event Source Price % Change
4/10/23
Sold CRMLS_CA $1,400,000 -18.8%
4/5/23
Sold Subject To Contingencies CRMLS_CA $1,725,000
3/30/23
Listed / Active CRMLS_CA $1,725,000

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Multifamily Sold on 4/10/2023

$1,400,000

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Listing provided by broker:

Julio Ruiz

Global Platinum Properties, Inc.

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Global Platinum Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 15:50 on May 18.

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