About This Home
This 3-bedroom, 2-bathroom multi-family at 415 S El Molino in Pasadena, CA is listed for $4,290,000. Built in 1955, on a 0.46 acres lot.
Key Features
- Built in 1955
- 0.46 acre lot
- 2 stories
- 15 parking spaces
Property Details
Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density and expansion potential . Featuring classic architectural charter with clear CapEx upside.
this offering is an exceptional opportunity to with immediate rental upside , significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architectur
e , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that is ripe for Capex modernization ( complete tear-off and installation of a new roofing system. Full exterior repainting . Replacing of all the aging water heaters. Comprehensive interior renovation across 7 units .
Monthly Cost Estimate
$22,944/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
415 S El Molino
Pasadena, CA 91101
Questions & Answers
This 3-bedroom, 2-bathroom multi-family at 415 S El Molino is listed at $4,290,000. The estimated monthly payment is $22,944 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1955, 0.46 acre lot, 2 stories, 15 parking spaces.
This property is listed by X F SHIRLEY H. LAM and can be reached at (626) 447-5100.