Category Archives: Pasadena

pasadena ca los angeles multifamily duplex income property for sale

Pasadena Ca Los Angeles MultiFamily DUPLEX FOR SALE

.

Today we are writing about a gorgeous multifamily Duplex income property for sale in Pasadena Ca, Los Angeles.  This awesome Duplex was listed by John & Marion Fairbanks Coldwell Banker within the last 4 weeks.  MultiFamilyOWL LOVES the location, layout and many investment options this amazing Duplex presents.  To view some great interior photos and more financials please click this link now:  Pasadena Ca Los Angeles Multi-Family Duplex Income Property FOR SALE

We urge our followers who are looking for multifamily income investment property in the Pasadena Ca area to give this Duplex a closer look, we think you too will LOVE what you see! Below we have copied the Listing Agent’s (John & Marion Fairbanks Coldwell Banker) remarks describing this Duplex:

“This charming character Duplex is located in the Historical Landmark District-Bungalow Heaven. There are 2 separate Bungalow style homes situated on attractive manicured grounds. allowing privacy in the lay out. The front Bungalow home features 2 BR & a den like area. The gracious living room is highlighted by a Batchelder style fireplace. The home features wood floors, bright kitchen w ample cupboard/ storage space, central heating/air, a laundry room and an enclosed patio area. The rear Bungalow is also loaded w/charm & features a kitchen w/eating area, a welcoming living room, bonus room w/closet(used as office) detached garage & more! The grounds are spacious & design of this property may fit both the investor/or persons that wish to live in one home & rent out the other. Front house per Assessor is a 1 BR the other rm ws previosy used as a BR. Situated in a lovely residential neighborhood this is one home you can be proud to call your own! Welcome to Bungalow Heaven. Welcome Home”

 

 

 

 

pasadena california multifamily duplex income property for sale

Pasadena, California….DUPLEX MultiFamily Income Property FOR SALE

.

Pasadena, California has an abundant MultiFamily Duplex Income Property market with 13 Duplex properties currently for sale.  Including all duplex, triplex, fourplex and larger multifamily income properties, there are currently 41 active properties for sale.  Amazingly there are 21 multifamily income properties in escrow selling within 4-6 weeks of being listed for sale.  This is a very strong absorption rate showing huge demand for multifamily income properties in Pasadena.  Pasadena does NOT have RENT CONTROL but it is in Los Angeles County.

To view pictures, financials and descriptions of all the active Duplex MultiFamily Income Properties listed FOR SALE in Pasadena please click this live link!  As you can see, there are 13 Duplex Properties listed for sale with the lowest priced one being on Orange Grove Blvd. and the highest priced Duplex situated at Madison Avenue $925,00.  Each property has been on the MLS for less than 3 weeks at the time of this blog post.

(All property details retrieved from multiple public real estate  websites, Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed)

Pasadena is located in the San Gabriel Valley region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Pasadena.

Pasadena’s population was 138,547 as of 2012, which makes it the 9th largest city in Los Angeles County. The estimated median household income in 2011 was $72,265 (it was $46,012 in 2000). This is higher than the California median which was $57,287 in 2011.

 According to the City’s 2012 Comprehensive Annual Financial Report, the top employers in the city are Jet Propulsion Laboratory (5,029), Kaiser Permanente (4,760), California Institute of Technology (3,900), Huntington Hospital (3,200), Pasadena Unified School District (3,000), and AT&T (2,525). Other companies based in Pasadena include Avery Dennison, Cogent Systems, Inter-Con Security, Jacobs Engineering Group, Green Dot Corporation, Tetra Tech, Wesco Financial, OpenX, and Wetzel’s Pretzels

The city also enjoys being close to a variety of conveniences. The closest airport is Bob Hope Airport, which services almost 5 million passengers each year, and it is only 16 miles away. The Huntington Hospital is Pasadena’s local hospital. There are also many great universities in and around Pasadena, including California Institute of Technology, Pasadena City College, University of Southern California, and California State University Los Angeles.

There are many attractions in Pasadena, but it is probably best known for the Tournament of Roses Parade, held each year on January 1. The Rose Bowl, a National Historic Landmark, is host of the first and most famous college football postseason bowl game. Pasadena is home to a number of art museums, public galleries, and theatres including the Pasadena Playhouse, Norton Simon Museum, and the Pasadena Museum of History.

Old Town Pasadena spans 21 blocks downtown. It boasts upscale retail shops and a wide variety of restaurants, nightclubs, outdoor cafés, pubs, and comedy clubs. “One Colorado” features renovated historic architecture that attracted the new retail stores and restaurants. Paseo Colorado is an upscale shopping mall designed to be a modern urban village. An open-air mall that covers three city blocks, Paseo Colorado is anchored by upscale grocery store Gelson’s,and Arclight Cinemas. Another shopping district is located in the South Lake Avenue neighborhood. On Lake Avenue, an old Macy’s department store and furniture gallery is in a registered California historical landmark.

All of these features, make Pasadena a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Also serving other Los Angeles County Cities.This information was gathered from: www.ci.pasadena.ca.us, city-data.com, and wikipedia.Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Pasadena.