103 N Catalina
$3,500,000
103 N Catalina, Pasadena, CA 91106
5.4
Cap Rate
4,250 sqft
Building Size
Details:
Highlights:
- Max Contiguous Area: 4250.0
- Age: 41-50 Years Old
- Lot Size: Under 1/2 Acre
- Sewer: City
- Water: City Water
Description:
Coldwell Banker Commercial is proud to present the exclusive listing of the Catalina Cottages , a prime multifamily investment opportunity located just steps from Pasadena’s premier South Lake District .
This unique offering consists of 10 total units , including:
One 2-bedroom, 1-bath unit Nine single units , with two newly added ADUs The property has undergone significant renovations, including the addition of two Accessory Dwelling Units (ADUs). Most single units have been updated , providing strong current income while offering upside potential through the renovation of the remaining two units.
Key features include:
Gated and secure property Proximity to South Lake District and nearby Metro Station The South Lake District has experienced significant rental demand growth over the past 24 months, driven by a surge in employment—particularly in the financial sector . This trend offers the incoming investor the opportunity to increase rents , providing a natural hedge against inflation.
This is a rare opportunity to acquire a stabilized, income-producing asset with additional upside potential in one of Pasadena’s most sought-after neighborhoods.
Listing ID: 80268d8b-28fe-4981-b406-5193154ca636
Documents:
| Title | ||
|---|---|---|
| OM - Catalina - Low Res |
Location
Gallery
