Rare Investment Opportunity in southeast side of Pasadena

Real Estate Investors & Developers: Opportunity to acquire a five-unit multifamily property on a large 16,134 sq ft lot in a highly desirable Pasadena location. Zoned RM32, the property offers significant potential, including the possibility of building up to 12 homes (buyer to verify with the city).

Property Highlights:

• Five units across three separate buildings
• Front House (175 S Sierra Madre) is a stand-alone Two-Story 2,848 sf Single House with its own driveway.  This spacious, bright and airy, 4 bedroom, 2 bath craftsman-style home features a huge living room, family room, office, large kitchen, basement, front and side yard. Similar single homes in the area are already worth millions of dollars.
• Back Units: Four units, each with 2 bedrooms and 1 bath, and a dedicated garage.
• Two separate driveways for convenient access, one dedicated to the Front House and the other to the rear 4 units

Income and Development Potential: The property currently has stable, long-term tenants, providing an immediate opportunity to increase cash flow. Situated directly across from the newer Town & Country luxury townhomes, this lot is in a proven and high-demand area for new development. 

Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public transportation, including the Metro rail station.