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1124 Cordova Street

Pasadena, CA 91106

$2,195,000 $9,254/Mo

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Overview

Bed

Bath

4,407

Sqft

8,265

Sqft(Lot)

Description

Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Eve n closer are Caltech and Pasadena City College, two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY

Property Details

Property Type : ResidentialIncome

Price : $2,195,000

AD Id : 90927742

MLS Id : 26942719

Beds : 8

Lot Size : 8,265 Sqft

Living Area Size : 4,407

Year Built : --

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 6
Interior Features

Appliances: Microwave
Heating & Cooling

Has Heating: Yes Heating: WallFurnace

Building Information

Building Area Total: 4407

Stories: 2

Private Pool: No

Lot Information

Lot Dimensions: 60x130 Main Square Feet: 8265 Lot Size Acres: 0.1897 Lot Size Square Feet: 8,265

Listing Price Information

Listing Price: $2195000

Tax Information

Parcel Number: 5735016006

Virtual Tour

Virtual Tour (External Link)

Parking Information

Concrete, Uncovered

Location Information

Direction: South side of Cordova in between Wilson Ave & Michigan Ave

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