664 Mira Monte Place

Pasadena, CA 91101

$3,400,000

Listed Price
6

bed Beds

9

shower Baths

0 sqft

straighten / sqft

1948

calendar_month Built

Property Description

ASSUMABLE FINANCING @ 3.15% INTEREST! 4.84% CAP ON CURRENT RENTS WITH VALUE-ADD RENTAL UPSIDE! FULL COPPER PLUMBING, FULLY UPDATED NEW ELECTRICAL SYSTEM, TANKLESS WATER HEARTERS, SOME UNITS REMODELED WITH W/D INSIDE, TWO NEW CONSTRUCTION ADU UNITS COMPLETE AND RENT READY (Easy to show). We are pleased to present this 9-unit property in one of the best rental areas of Pasadena. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The original property consists of Four 1 Bed + 1 bath units and Three studio + 1 bath units. The 2 NEW ADUs are one 2 Bed + 1 bath and one studio + 1 bath units and NOT subject to Pasadena city rent control laws. Given the location and style these apartments have a very strong history of renting quickly and at top rents. There is on-site parking for tenants. NO SOFT-STORY RETROFIT NEEDED. Separately metered for electricity and gas and each unit has their own water heater. This can be purchase separately or together with the next door, 6 unit property at 142 S. El Molino Ave., MLS # 24-413263. 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.

Interior Features

Bedroom Information
Bedrooms 6
Bathroom Information
Bathrooms 9

Listing Information

Address 664 Mira Monte Place
City Pasadena
State CA
Zip 91101
County Los Angeles
Listing Agent Alexander Metaxas DRE#01784652
Co-Listing Agent Benjamin J. Hsiang DRE#01438644
Courtesy Of Realty Investment Advisors, Inc.
MLS 24413665
List Price $3,400,000
Status Active
Type Residential Income
Lot Size 7,211
Year Built 1948
DOM 34

Exterior Information

Maps

Listing information courtesy of: Alexander Metaxas, Benjamin J. Hsiang, Realty Investment Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 9:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.