📢 $325K HEAVILY DISCOUNTED Opportunity for a Prime PSR3 Zoned Triplex in Pasadena! 🌳

Los Angeles County, Pasadena, CA, 91106
Sold
Listed at: July 2nd, 2024
Price
$1,074,999
ARV
$1,600,000
Gross Margin
$525,001
Sq. Footage
2228
Type
Single-Family
Parking
Carport
Year build
1915
Lot size
0.19 acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

📢 $325K HEAVILY DISCOUNTED Opportunity for a Prime PSR3 Zoned Triplex in Pasadena! 🌳

Discover this incredible investment opportunity in a highly sought-after, quiet, tree-lined pocket of Pasadena! This property is a 5 bed, 3 bath triplex featuring a covered carport and ample lot space in the back for additional parking. The front unit boasts 3 beds and 1 bath, while the back units each have 2 beds and 1 bath.

🏡 Property Highlights:

  • Prime PSR3 Zoning: Offers flexibility for future development.
  • Excellent Condition: Could be market-ready with just a deep cleaning after tenant move-out.
  • Light Cosmetic Updates: Potential to further increase value with minimal effort.
  • Comparable Sales: A PSR3 zoned comp recently sold for $1.7M, and a PSR1 zoned lot with 4 units sold for $1.56M.

Why Invest?

  • Potential for More Units: Adding more units could push the value well north of $2M.
  • Massive Spread: Ideal for an easy play with significant profit potential in the current market.

Deal Details:

  • Asking Price: $1,074,999
  • Downpayment: $30,000
  • Estimated Repair Costs: $125,000
  • After Repair Value (ARV): $1,600,000
  • Configuration: 5 bed, 3 bath
  • First Come, First Serve: Don’t miss out on this opportunity!

🔑 IMPORTANT NOTE: Investor disclosure is required before address release. Call Tao (Kevin) at 626-493-9733 to start the process today. Once the disclosure is signed, you will gain access to all my deals.

DRE# 02211699

Don’t miss out on this rare opportunity! Call now or visit New Western Agent Page to input your contact information and get started.

A signed investor disclosure is required to see the address and receive the full Property Analysis Package (PAP). Call 626-493-9733 or visit: https://www.newwestern.com/agent/kevin-tames/ to be added to the exclusive buyers list free of charge.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Tao Tames

No reviews

Disposition manager