Sierra Bonita Ave AvePasadena, CA 91106

Property Details for Sierra Bonita Ave Ave

Year built

1937

Lot size

0.23 AC

Property size (Sq ft)

3,619 SF

Property type

Commercial real estate

Description

This exceptional five-unit multi-family property presents a compelling investment opportunity in the desirable Pasadena, CA market. Boasting a total of 3,619 square feet on a 0.23-acre lot, this property enjoys a remarkable 100% occupancy rate, reflecting strong rental demand in the area. The building comprises five units: three ground-floor units (one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, and another 2-bedroom/1-bathroom) and two upstairs units (each with 1-bedroom/1-bathroom). Its strategic location offers unparalleled convenience, situated near the Lake Metro Gold Line, Pasadena City College, and the vibrant Old Town Pasadena. Residents benefit from the proximity to essential amenities, including a public library, a children's center, and a park, all within walking distance. The property's high occupancy and prime location make it an ideal investment for those seeking strong returns and stable cash flow in a thriving California market. The asking price is $1,750,000. This is a rare opportunity to acquire a well-maintained, high-performing multi-family property in a highly sought-after area.

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1462

Longitude

-118.117

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