646 Westminster Dr - Multi-Family FOR SALE


Pasadena, CA 91105- Lower Arroyo
$3,200,000 USD
626-633-7067
646 Westminster Dr, Pasadena, CA for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/33
null | 6.5% Cap Rate

646 Westminster Dr
Pasadena, CA 91105
Lower Arroyo


HIGHLIGHTS

  • Six-unit property with a mix of updated one-bedroom units and a detached two-story home.
  • Strong existing rental income with additional upside potential.
  • Convenient access to key transportation routes, including the 210 and 134 Freeways.
  • Located near Old Town Pasadena and within one of Southern California’s most desirable submarkets.
  • Balcony-equipped detached unit allowing for an attractive owner-occupancy or premium rental option.
  • Property may qualify for a 1031 exchange for capital gains deferral.

OVERVIEW

Excellent investment opportunity located in the Arroyo Pasadena area! Multi-unit Income Producing Property! Don’t miss this rare opportunity to own a versatile and income-generating property in this highly desirable area. This unique opportunity features a total of six units, including five 1-bedroom, 1-bath units all recently updated; and one spacious 3-bedroom, 2-bath two-story home with a balcony. The one-bedroom units have been updated, offering modern and exceptional finishes. The units offer practical layouts with bright living spaces and private bedrooms, appealing to a wide tenant base. Ideal for tenants seeking privacy and convenience. The main attraction at this property is the detached two-story home, perfect for an owner looking to live on-site while generating strong rental income from the remaining units. This property is currently providing solid and stable income in one of Southern California’s most sought-after rental markets. Garage space available for both buildings. This property is ideal for anyone seeking to live in a very exclusive area. Additionally, the property may qualify for a 1031 exchange, making it an attractive option for investors looking to defer capital gains while upgrading their holdings. Located near shopping, dining, and major transportation routes, this Pasadena property offers both immediate income and long-term appreciation potential

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$657 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,333

CAP RATE

6.5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,692 SF

ZONING

PSR4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

CHARMANE JOHNSONElevate Real Estate AgencyMore Info
626-633-7067

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CHARMANE JOHNSONElevate Real Estate AgencyMore Info
626-633-7067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.