$2,390,000 SALE
3,270 SF
103 N Catalina Ave
South Pasadena, CA 91106 Catalina Cottages

Coldwell Banker Commercial George Realty of Arcadia is pleased to announce the Exclusive listing of the Catalina Cottages. The offering is (8) units consisting of One two-bedroom one bath and (7) one bedroom one bath units. The property has gone through a major renovation. Most of the one bedroom units have been renovated. This will give the new investor upside with the other two units to be renovated. The property is gated and secured and offers individual parking garage for the tenants. The property is located adjacent to Pasadena's premier South Lake district. With the proximity to South Lake district and Metro Station nearby, gives the new investor the leverage to increase rents to hedge against inflation. The demand for rental unit in the South Lake district has increased within the last 24 months. Due to the increasing demand for employments in the financial sector in the South Lake district. http://www.103catalina.com

Property Type Multi-Family
Property Use Rental or Investment
Year Built 1925
Renovated Year 2017
Level Number 2
Sub-Lease 8
Zoning RM 48
Cap Rate Percentage 4
Listing ID 9FJD5W
MLS ID AR20111970
Style Multi-Family (5-20 Units)
Building Size 3,270 SF
Lot Size 8996 AC
Available Date Jun 8th, 2020
Area Description

Region: Baja California

Region: Pasadena

Property Features
Parking Places: 6
Lot Size: Under 1/2 Acre
Exterior: Sidewalk
Appliances: Washer, Dryer
Fencing: Metal Fence, Fenced Yard, Wood Fence
Water: Municipal Water
Sewer: Public
Flooring: Hardwood
Area Description: Metropolitan

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