142 S El Molino Ave, Pasadena, CA 91101

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Property Description

We are pleased to present for sale this fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper plumbing and W/D inside units to name a few. Some units have updated windows, dishwashers, tank-less water heaters and stainless steel appliances. The unit mix consists of one, large 2 Bed + 2 bath unit; one 2 Bed + 1 bath unit; two 1 Bed + 1 bath units and 2 Studio + 1 bath units. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and newer Air Conditioners. Given their location and look these apartments have a very strong history of renting quickly and at top rents. There are six on-site, parking spaces with wall storage cabinets for tenants. The SOFT-STORY RETROFIT HAS BEEN COMPLETED and the property is equipped with a full sprinkler system. Separately metered for electricity and gas and each unit has their own water heater. ATTRACTIVE ASSUMABLE FINANCING AT 3.15% INTEREST. This can be purchase separately or together with the next door, 9 unit property at 664 Mira Monte Pl., MLS# 24-413665. A rare offering for one or two properties that have been well updated and meticulously managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.

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Courtesy of Realty Investment Advisors, Inc., Alexander Metaxas - CA DRE#01784652

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