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About the Listing PF10755 - P14181
Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long-term value. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low-hassle, income-producing property with proven returns, your search ends here.
Listing Highlights for 790 E Orange Grove Boulevard
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
P1-24648
Year Built
1923
Total Square Footage
5,500
Lot/Acreage
0.22
Interior Details
- Bedrooms: 9
- Bathrooms: 8 Full
- Appliances: Refrigerator, Electric Range, Tankless Water Heater, Microwave, Gas Range
- Air Cond: Central Air,Electric
- Heating:
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Copper Plumbing Full,Quartz Counters
- Water: Public
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof: Asphalt,Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Concrete,Paved,On Site,Private,Parking Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5731013004
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
790 E Orange Grove Boulevard Pasadena, CA 91104
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