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Levon Arzumanyan

levon.a@theagencyre.com +1(213) 414-8088

$ 3,500,000

Est. payment -/mo

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103 N Catalina AVE Pasadena, CA 91106

8,999 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25158440

HOA Y/N No

Year Built 1925

Lot Size 8,999 Sqft

Property Sub-Type Apartment

Property Description

Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena's South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Forced Air

Cooling Dual

Flooring Wood

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

Architectural Style Bungalow

New Construction No

Others

Senior Community No

Tax ID 5738003016

Security Features Security Gate

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Nicholas Borrelli Coldwell Banker Realty 626-484-7975

Levon Arzumanyan

Director, Estates Division | License ID: 01836944

+1(213) 414-8088

Levon Arzumanyan

103 N Catalina AVE Pasadena, CA 91106

Key Details

Location

Interior

Exterior

Building

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103 N Catalina AVE