301 N Hudson AVE Pasadena, CA 91101
Active
$2,560,000
6 Units
5 Beds
6 Baths
4,248 Area(sq.ft.)
9,358 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,435 | $ 2,435 | $ 2,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,785 | $ 2,785 | $ 2,785 |
| Unit 3 | 1 | studio | 1 | Yes | $ 1,750 | $ 1,750 | $ 2,000 |
| Unit 4 | 1 | 1 | 1 | Yes | $ 2,275 | $ 2,275 | $ 2,400 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,200 | $ 2,200 | $ 2,400 |
| Unit 6 | 1 | studio | 1 | No | $ 1,678 | $ 1,678 | $ 1,850 |
| 6 | 6 | 5 | 6 | $ 13,123 | $ 13,123 | $ 13,935 |
| MLS #: | PF24229101PF |
| Days On Market: | 16 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 603 |
| Price per unit: | $ 426,667 |
| Year Built: | 1920 |
Property Details
Corner multifamily property with 180 ft deep lot ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 56,167 |
| Net Operating Income: | $ 91,000 |
| Cap Rate: | 4% |
| Gross Rent Multiplier: | 16.49 |
| Actual Gross Rent: | $ 13,123 |
Structure
| Community Features: | Curbs, Sidewalks |
| Style: | Craftsman |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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