TRIPLEX IN EXCELLENT LOCATION! Tucked away on the corner of S. El Molino Ave. and the small side street Palm View Place, sits this fantastic triplex with so much to offer a new owner. Just a few blocks and short walk to South Lake Ave. and Trader Joe’s make these excellent rentals or an owner user opportunity. There is one 2 Bed + 1 bath unit, approx. 900 SF +/- and two 1 Bed + 1 bath units, approx. 600 SF +/- each, (Buyer to independently verify square footages). Two units have been completely remodeled and offer wood flooring, recessed lighting, updated kitchens and bathrooms including cabinets/appliances and newer central AC and heat. The building features updated plumbing and electrical, a pitched roof that is in great condition and enclosed garages for three cars in addition to open parking on the driveway. A big value add play is the possibility to convert the garages to an ADU fourth unit, Buyer to verify with city. Each unit has its own water heater and they are separately metered for gas and electricity. The property is subject to local Pasadena rent control, so buyers are encouraged to verify and familiarize with local laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.
Property Details
Price:
$1,688,000
MLS #:
24472869
Status:
Active
Baths:
0
Address:
383 S El Molino Avenue
Type:
Residential Income
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Dec 17, 2024
State:
CA
ZIP:
91101
Lot Size:
5,889 sqft / 0.14 acres (approx)
Year Built:
1951
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Heating
Central, Wall Furnace
Exterior
Parking Features
Driveway, Garage – Three Door
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address383 S El Molino Avenue Pasadena CA
- Area648 – Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91101
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Courtesy of Realty Investment Advisors, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
383 S El Molino Avenue
Pasadena, CA
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