1286 1292 North Los Robles Avenue, Pasadena, CA 91104

$1,395,000 Approx. USD 8 beds, 4 baths
5,304 sqft

Agent Remarks

Original 1926 Spanish Colonial Revival four-plex is architecturally significant, but it is the $87,000 per year income and the zoning which would allows up to 5 additional units to be built which makes this property truly unique. Amazingly oversized 2 bedroom units of 1,400 sf and the 1 bedroom units of 1,200 sf. combine to make up 5,304 sf in this two story building with a basement and four car detached garages. This historic building qualifies for national registry of historic places and if approved up to 50% reduction in property tax with the Mills Act. Upside in rent due to the size of units and the intense character of the building. Craftsman interiors include Fireplaces in each of the units (faux) with custom wood cabinetry, coved ceilings, original oak wood flooring and hardwood doors. Entrance lobby for all four units through front of building with additional access in the back. Truly unique building with upside in rents, upside in development and great income. One of a kind!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 316007793
List price is $1,395,000
Beds: 8
Baths: 4
Built in 1926
5,304 sqft
0.27 acres
County: Los Angeles
Property style: Spanish
Zoning: PSR3
Parking type: Garage Is Detached
Exterior features: Stucco
Appliances: Garbage Disposal
MLS area: Pasadena NE (646)

Last Updated: 8/17/2016

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This listing belongs to the Pasadena NE (646) MLS area

The style of this listing is Spanish.
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The listing is zoned PSR3.
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Lat/Long: 34.167995, -118.141166.
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Broker: Courtesy of Crest Real Estate
Listing Agent: Dan Holbrook

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