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For SaleLuxury

$2,950,000

11,696 sqft$252/sqft201 days on market

646 Westminster Dr

Pasadena, CA 91105

· 8% down, 7% APR, 30yr fixed

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Beds

—

Baths

11,696

Square feet

1938

Built

Listing narrative

Description

Excellent investment opportunity located in the Arroyo Pasadena area! Multi-unit Income Producing Property! Don’t miss this rare opportunity to own a versatile and income-generating property in this highly desirable area. This unique opportunity features a total of six units, including five 1-bedroom, 1-bath units all recently updated; and one spacious 3-bedroom, 2-bath two-story home with a balcony. The one-bedroom units have been updated, offering modern and exceptional finishes. The units offer practical layouts with bright living spaces and private bedrooms, appealing to a wide tenant base. Ideal for tenants seeking privacy and convenience. The main attraction at this property is the detached two-story home, perfect for an owner looking to live on-site while generating strong rental income from the remaining units. This property is currently providing solid and stable income in one of Southern California’s most sought-after rental markets. This property is ideal for anyone seeking to live in a very exclusive area. Additionally, the property may qualify for a 1031 exchange, making it an attractive option for investors looking to defer capital gains while upgrading their holdings. Located near shopping, dining, and major transportation routes, this Pasadena property offers both immediate income and long-term appreciation potential

Listing agent (MLS): Charmane Johnson · Listing brokerage (MLS): Elevate Real Estate Agency

Property Details

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Price

$2,950,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

11,696 sqft

Baths

Baths n/a

Lot Size

0.27 acres

Year

1938

Status

For Sale

Days on Market

201

$ / Sqft

$252

· 8% down, 7% APR, 30yr fixed
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Courtesy of Elevate Real Estate Agency