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    1588 N Hill Avenue

    Pasadena, CA 91104
    • $1,100,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: SR20174655
    Price Reduced
    UPDATED: 11 min ago
    $1,100,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,136
      SQFT
    • $515
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Excellent opportunity with this Mid-Century Spanish-style triplex located on a beautiful, tree-lined street in a well-maintained Pasadena neighborhood. The front home features 3 bedrooms and 2 baths & was updated in 2019 with all new wood laminate flooring, fresh paint and a charming outdoor seating area. The home is light and bright and sits behind a wall of front hedges for added privacy. Some of the many improvements include HVAC, copper plumbing, H2o heaters, new windows, elastomeric roof coatings, updated circuit breaker panels, and SoCal WaterSmart landscaping. The side-by-side duplex units sit behind the front house. Both feature 1 bedroom & 1 bathroom with AC, new windows, wood flooring, copper plumbing, off-street parking. Both units share laundry and outside seating area. Excellent location close to restaurants, shopping, outdoor recreation and just minutes to downtown Pasadena & Old Pasadena, plus just blocks to the 210 & 134 freeways. Seller also has 2 other residential income properties available. Purchase all 3 as a portfolio. Rare multi-unit opportunity in a great residential community! A total of 8 units on 3 parcels within 5 miles distance. [336-336 1/2 VENTURA MLS# SR20175744 | 2115-2117 MARENGO MLS # SR20176130 | 1588-1592 N HILL AVE MLS# SR20174655] All substantially updated with great cash flows and excellent long term tenants. Units in Total: 3 - 3 bed/2 bath, 5 - 1 bed/1 bath.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T16:32:45.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109411213
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    1588 N Hill Avenue Pasadena, CA 91104

    • Price: $1,100,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: SR20174655
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,136
    SQFT
    $515
    $/SQFT
    1924
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Excellent opportunity with this Mid-Century Spanish-style triplex located on a beautiful, tree-lined street in a well-maintained Pasadena neighborhood. The front home features 3 bedrooms and 2 baths & was updated in 2019 with all new wood laminate flooring, fresh paint and a charming outdoor seating area. The home is light and bright and sits behind a wall of front hedges for added privacy. Some of the many improvements include HVAC, copper plumbing, H2o heaters, new windows, elastomeric roof coatings, updated circuit breaker panels, and SoCal WaterSmart landscaping. The side-by-side duplex units sit behind the front house. Both feature 1 bedroom & 1 bathroom with AC, new windows, wood flooring, copper plumbing, off-street parking. Both units share laundry and outside seating area. Excellent location close to restaurants, shopping, outdoor recreation and just minutes to downtown Pasadena & Old Pasadena, plus just blocks to the 210 & 134 freeways. Seller also has 2 other residential income properties available. Purchase all 3 as a portfolio. Rare multi-unit opportunity in a great residential community! A total of 8 units on 3 parcels within 5 miles distance. [336-336 1/2 VENTURA MLS# SR20175744 | 2115-2117 MARENGO MLS # SR20176130 | 1588-1592 N HILL AVE MLS# SR20174655] All substantially updated with great cash flows and excellent long term tenants. Units in Total: 3 - 3 bed/2 bath, 5 - 1 bed/1 bath.
    Exterior Features

    Garage Spaces 1.00 Lot Features Back YardFront YardLandscapedLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Laundry Features Common AreaIndividual RoomWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Elevation Units Feet Gardener Expense 900.00 Gross Income 61020.00 Gross Scheduled Income 6880.00 Insurance Expense 996.00 Land Lease YN No Laundry YN Yes Net Operating Income 6448.00 New Construction YN No New Taxes Expense 13560.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 432.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 16356.00 Trash Expense 120.00 Water Sewer Expense 780.00 Water Source Public Year Built Source Assessor Zoning Psr1

    Listing provided courtesy of Stephanie Vitacco of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T16:32:45.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003