21
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$1,750,000
Est. payment /mo
0.34 Acres Lot
Price Dropped by $150K
1500 Navarro AVE Pasadena, CA
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-26542
HOA Y/N No
Year Built 1950
Lot Size 0.344 Acres
Property Description
Located in the desirable North Central Pasadena neighborhood, 1500 Navarro presents a rare opportunity to acquire a well-maintained, income-producing asset with strong in-place cash flow. This 6-unit multifamily property consists of one-bedroom units, fully occupied with stable Section 8 tenants, offering reliable and consistent rental income.Built in 1950 and held under long-term ownership, the property has been thoughtfully maintained, reflecting pride of ownership. Each unit is equipped with in-unit laundry--an increasingly sought-after amenity--enhancing tenant satisfaction and retention.The property offers one dedicated parking space per unit, along with additional storage cupboards conveniently located at each parking space. Residents also enjoy a shared outdoor common area, creating a comfortable and functional living environment. Ample street parking further adds to the property's accessibility for tenants and guests.Situated in a charming and established pocket of Pasadena, the property is ideally located near local shops, dining, and essential services, making it highly attractive. With its combination of location, stability, and amenities, 1500 Navarro is an excellent opportunity for investors seeking a low-maintenance asset with dependable returns and long-term upside.Ideal for both seasoned investors and those looking to enter the Pasadena multifamily market, this property delivers on all fronts: location, stability, and consistent performance.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Fireplaces Type None
Fireplace No
Laundry Inside, See Remarks
Exterior
Parking Features Carport, Off Street
Carport Spaces 6
Fence Wrought Iron
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Sprinklers None
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 5728014023
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Teresa Fuller COMPASS #01315387
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