A Rare Investment Opportunity in Vibrant Pasadena Nestled in the heart of Pasadena, this property captures the essence of the city’s rich cultural heritage, celebrated architecture, and dynamic arts scene. Renowned for its diverse community, world-class museums, and commitment to sustainability, Pasadena offers an exceptional lifestyle that attracts both residents and visitors year-round. Originally constructed in 1896, this historic building has been meticulously renovated to seamlessly blend classic charm with modern convenience. Recent upgrades completed in 2024 include: Brand-new plumbing systems Enhanced electrical infrastructure Freshly painted exteriors New vinyl fencing Reconstructed roofs throughout These enhancements provide a contemporary living experience while preserving the property’s timeless character. The property features a versatile unit mix designed to meet various tenant needs: 1 x 1-Bedroom, 1-Bathroom unit 1 x 2-Bedroom, 1-Bathroom unit 2 x 3-Bedroom, 1-Bathroom units This diversity appeals to singles, couples, and families alike, ensuring robust rental demand and strong cash flow potential. Situated on an expansive 10,014-square-foot lot, the property offers significant development potential. Zoning allows for the addition of four 1-Bedroom, 1-Bathroom units, adding approximately 1,600 square feet of rentable space. This opportunity for expansion enhances both revenue streams and long-term investment value. Pasadena’s strategic location near Los Angeles, combined with its unparalleled amenities, supports a thriving rental market. With a steady influx of residents seeking high-quality housing in a vibrant community, this property is positioned for strong occupancy rates and consistent rental income. This newly renovated multifamily property presents a rare chance to invest in a sought-after Pasadena neighborhood. With its blend of historic elegance, modern upgrades, and potential for future growth, it offers a compelling opportunity for appreciation and sustained cash flow. Don’t miss out on this prime investment opportunity in one of Southern California’s most desirable cities.