103 N Catalina Ave, Pasadena, CA 91106, Pasadena, CA 91106
sale
$3,500,000
|
Single Family Attached
Courtesy Of Coldwell Banker Realty
Coldwell Banker Commercial is proud to present the exclusive listing of the Catalina Cottages , a prime multifamily investment opportunity located just steps from Pasadena's premier South Lake District . This unique offering consists of 10 total units , including: One 2-bedroom, 1-bath unit Nine single units , with two newly added ADUs The property has undergone significant renovations, including the addition of two Accessory Dwelling Units (ADUs). Most single units have been updated , providing strong current income while offering upside potential through the renovation of the remaining two units. Key features include: Gated and secure property Proximity to South Lake District and nearby Metro Station The South Lake District has experienced significant rental demand growth over the past 24 months, driven by a surge in employment-particularly in the financial sector . This trend offers the incoming investor the opportunity to increase rents , providing a natural hedge against inflation. This is a rare opportunity to acquire a stabilized, income-producing asset with additional upside potential in one of Pasadena's most sought-after neighborhoods.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: 8HV52F
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