790 Orange Grove Boulevard, Pasadena, CA 91104
  • MLS#: P1-24648 ( Apartment )
  • Street Address: 790 Orange Grove Boulevard
  • Viewed: 1
  • Price: $3,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91104
  • Subdivision: Not Applicable
  • Provided by: COMPASS
  • Contact: Sarkis Sarkis
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Secure a high performance, low management investment with this extensively renovated 8 unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long term value. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low hassle, income producing property with proven returns, your search ends here.
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Features
Appliances
  1. Refrigerator
  2. Electric Range
  3. Tankless Water Heater
  4. Microwave
  5. Gas Range
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 5500.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Frame
  2. Stucco
Cooling
  1. Central Air
  2. Electric
Country
  1. US
Direction Faces
  1. North
Entry Location
  1. YES
Exclusions
  1. tenant owned appliances
Fireplace Features
  1. None
Flooring
  1. Vinyl
Garage Spaces
  1. 0.00
Inclusions
  1. All seller owned appliances
Insurance Expense
  1. 12000.00
Interior Features
  1. Copper Plumbing Full
  2. Quartz Counters
Levels
  1. One
  2. Two
Lockboxtype
  1. None
Lot Features
  1. Sprinklers None
Netoperatingincome
  1. 201450.00
Newtaxesexpense
  1. 48750.00
Parcel Number
  1. 5731013004
Parking Features
  1. Assigned
  2. Concrete
  3. Paved
  4. On Site
  5. Private
  6. Parking Space
Pool Features
  1. None
Postalcodeplus4
  1. 4453
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Property Condition
  1. Additions/Alterations
  2. Updated/Remodeled
  3. Repairs Major
Road Frontage Type
  1. City Street
Roof
  1. Asphalt
  2. Flat
Sewer
  1. Public Sewer
Sourcesystemid
  1. 2025102200530082801900...
Sourcesystemkey
  1. 20251022005300828019000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 22200.00
Totalexpenses
  1. 64950.00
Trash Expense
  1. 900.00
Uncovered Spaces
  1. 8.00
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Natural Gas Connected
View
  1. None
Water Sewer Expense
  1. 2400.00
Water Source
  1. Public
Year Built
  1. 1923
Year Built Source
  1. Assessor