103 N Catalina AVE new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25158440
HOA Y/N No
Year Built 1925
Lot Size 8,999 Sqft
Property Sub-Type Apartment
Property Description
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena's South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR4
Interior
Heating Forced Air
Cooling Dual
Flooring Wood
Fireplace No
Laundry Inside
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 5738003016
Security Features Security Gate
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
Special Listing Condition Standard