For Sale
$2,000,000

429 Hill AvePasadena, CA 91106

7-Unit Apartment Building, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7-unit apartment building located at 429 N Hill Ave, Pasadena, CA 91106. Priced at $2,000,000, this property offers a diverse mix of units, including four one-bedroom, one-bathroom apartments (one vacant upon sale), a two-bedroom unit, a four-bedroom unit, and a studio apartment. The building's strategic location provides easy access to the 210 freeway, the Gold Line train station, Pasadena City College, Old Town Pasadena, and downtown Los Angeles, ensuring high rental demand and tenant appeal. The property's low maintenance requirements contribute to its strong investment potential. This is an ideal acquisition for investors seeking a consistent income stream from a well-situated multifamily property in a thriving California market. The property is classified as multifamily and commercial, and is situated in Los Angeles County. Its convenient location near major transportation arteries and desirable amenities makes it a highly attractive investment. The diverse unit mix caters to a broad range of tenants, further enhancing its rental income potential. This Pasadena property represents a rare opportunity to acquire a well-maintained, income-producing asset in a prime location. Don't miss this chance to secure a valuable piece of Pasadena real estate.

Highlights

  • $2,000,000 asking price.
  • Multifamily property with land in Pasadena, CA.
  • Seven-unit apartment building, including four 1-bedroom/1-bathroom units, one 2-bedroom unit, one 4-bedroom unit, and one studio.
  • Excellent location near the 210 freeway, Gold Line, Pasadena City College, and Old Town Pasadena.
  • One unit will be delivered vacant.

Property Details for 429 Hill Ave

Property type
Land, Apartment buildings

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.1534961
Longitude
-118.1217829
429 Hill Ave, Pasadena, California

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429 Hill Ave
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