1680 Corson ST Pasadena, CA 91106
Active
$1,595,000
3 Units
7 Beds
6 Baths
3,344 Area(sq.ft.)
8,380 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 2,800 | $ 2,800 | $ 3,600 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,637 | $ 2,637 | $ 2,995 |
| Unit 3 | 1 | 2 | 2 | No | $ 2,637 | $ 2,637 | $ 2,995 |
| 3 | 3 | 7 | 6 | $ 8,074 | $ 8,074 | $ 9,590 |
| MLS #: | AR24251271MR |
| Days On Market: | 1 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 477 |
| Price per unit: | $ 531,667 |
| Year Built: | 1921 |
Property Details
WELL MAINTAINED TRIPLEX! Conveniently located just South of the 210 Freeway, this property offers the new owner numerous options. The front house measures approx. 1,345 SF +/-, was built in 1921 and tastefully updated. The home consists of 3 bedrooms, 2 baths, spacious living room, updated kitchen with granite counters and built-in appliances, indoor laundry, central air & heat and ample on-site parking. The rear duplex was built in 1989. Each unit measures approx. 1,000 SF +/- and offers 2 bedrooms and 2 baths, an inviting open concept kitchen dining area, spacious living area, indoor laundry, central air & heat and ample natural light. (Buyer to independently verify square footage info.) The building features 6 carport spaces in addition to 1 uncovered parking space on the driveway. Other amenities include, C/A & heat in each unit, updated plumbing and electrical and professional landscaping. Each unit has its own water heater and they are separately metered for gas and electricity. Buyer to check and verify with the City of Pasadena about the possibility to convert part of the parking area into an ADU. 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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 93,981 |
| Total Annual Expense: | $ 28,625 |
| Net Operating Income: | $ 65,356 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 16.00 |
| Actual Gross Rent: | $ 8,074 |
Structure
| Community Features: | Curbs, Sidewalks |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Sewer: | In Street Paid, Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR1 |
| Land Lease Type: | Fee |
| Parking Garage: | Parking Space, Shared Driveway |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Central |
| Equipment: | Inside |
| Heating: | Central, Forced Air, Natural Gas |
| Fireplace Rooms: | Kitchen, Living Room |
| Laundry: | Inside |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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