Prime Pasadena multifamily INCOME or RM 32 DEVELOPMENT w/office overlay Opportunity! Fabulous location & great upside potential! Value add w/under market rents. 2 four plexes , 1 APN. Corner, 'street to alley'. Only 0.2 miles to Fillmore Gold Line Station. 1 mile to Old Town Pasadena's award winning dining, shopping & entertainment. 84 Walk score & close to 210, 134 and 110 to downtown Los Angeles. Built in 1953, 191 E Fillmore is a 4 Plex with 1+1 mix and 5 separate 1 car garages adjacent to alley & parking lot for retail at S. Arroyo Parkway. 731 S. Marengo is a Craftsman style SFR built in 1905, divided into 4 plex (Mix is 1+1) with a laundry room & full unused Basement w/ windows. Buyer to check TOD density bonus possibilities allowed under State regulations & Fair Oaks Specific Plan. Trust sale, no court confirmation. Buyer to cooperate with Seller's 1031 Exchange. Proforma CAP 5.29 ! 12 luxury townhome construction next door
All data is deemed reliable but is not guaranteed accurate.