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727 E Orange Grove Boulevard, Pasadena, CA 91104
$2,050,000
727 E Orange Grove Boulevard, Pasadena, CA 91104View this property at 727 E Orange Grove Boulevard, Pasadena, CA 91104
727 E Orange Grove BoulevardPasadenaCA91104
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Property Description
Coldwell Banker is pleased to present a turnkey 7 unit single story apartment located at 727 E. Orange Grove Blvd., Pasadena, CA with great current cashflow. This seven unit property consists of 6 - 1 bedroom/1 bathroom (each approximately 600 sf) and 1 - 2 bedroom/1.75 bathroom (approximately 800 sf) on a huge 16,570 sq ft lot. All kitchens have been updated with granite countertops, wood cabinets, sinks and faucets. While seven of the eight bathrooms have been updated with vanity, toilet and flooring. All units have hardwood floors except one with laminate flooring. All units have individual electric and gas meters along with individual water heaters. There are 7 covered parking spaces. This well maintained property also has a beautifully private landscaped courtyard that is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 7 unit apartment is a great opportunity for any investor looking for a great current cashflow along with ease of a 15% rental upside with minimal turnaround time. In addition, the sellers might consider seller financing with 50% down payment for a strong credit worthy buyer.
Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions
Full Property Details
Full Property Details for 727 E Orange Grove Blvd
General
- Sold For: $2,050,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR19207662
- Added to Site: 1, 693 day(s) ago
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: 645 - Pasadena (NW)
- County: Los Angeles
- Development Name: 645 - Pasadena (NW)
- Driving Directions: Lake Ave. & Orange Grove
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Stories/Levels: One
- Stories Description: One
- Square Feet: 4,381
- Year Built: 1949
Lot Features
- Lot Size (Acres): 0.3804
- Lot Size Source: Assessor
- Zoning: PSR3
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $467.93
- Price Per Unit: 313571
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Schools
Schools serving 727 E Orange Grove Blvd
School District:Pasadena Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
515 E Ashtabula St, Pasadena, CA 91104 | PK-5 | 0.3 mi | |
1505 N Marengo Ave, Pasadena, CA 91103 | 6-8 | 1.2 mi | |
1905 Lincoln Ave, Pasadena, CA 91103 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 727 E Orange Grove Blvd
Date
Details
Price
Change
Source
11/25/2019
Sold
$2,050,000
-6.61%
MLS
9/06/2019
Listed
$2,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
727 E Orange Grove Boulevard, Pasadena, CA 91104 (MLS# AR19207662) is a Multi-Family property that was sold at $2,050,000 on November 25, 2019. This property was listed by Matt Ly from our Arcadia Office.Want to learn more about 727 E Orange Grove Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.