301-303 N Hudson Ave - Apartments FOR SALE


Pasadena, CA 91101
$2,560,000 USD
626-379-9039
301-303 N Hudson Ave, Pasadena, CA for Sale
$2,560,000 USD
Apartments - FOR SALE
1/26
null | 4% Cap Rate

301-303 N Hudson Ave
Pasadena, CA 91101


HIGHLIGHTS

  • Ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning!

OVERVIEW

Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.

FOR SALE DETAILS

PRICE

$2,560,000 USD

PRICE/SF

$603 USD /SF

# OF UNITS

6

PRICE/UNIT

$426,667

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CD-RM-87

APN/PARCEL ID

5723-008-025

ASK ABOUT THIS PROPERTY

Amy PaceThe AgencyMore Info
626-379-9039

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Amy PaceThe AgencyMore Info
626-379-9039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.