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646 Westminster Dr - Cottages 2,203 SF Flex Condo Unit Offered at $4,383,072 CAD in Pasadena, CA 91105
Executive Summary
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. 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
1 Unit Available
Unit 660
| Unit Size | 2,203 SF | Sale Type | Investment or Owner User |
| Price | $4,383,072 CAD | Cap Rate | 4.85% |
| Price Per SF | $1,989.59 CAD | NOI | $212,661.17 CAD |
| Condo Use | Flex | APN/Parcel ID | 5714-017-009 |
| Unit Size | 2,203 SF |
| Price | $4,383,072 CAD |
| Price Per SF | $1,989.59 CAD |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.85% |
| NOI | $212,661.17 CAD |
| APN/Parcel ID | 5714-017-009 |
Property Facts
| Total Building Size | 4,873 SF | Year Built | 1938 |
| Property Type | Lot Size | 0.27 AC | |
| Floors | 1 | Parking Ratio | 0.82/1,000 SF |
| Typical Floor Size | 4,873 SF | ||
| Zoning | PSR4 | ||
| Total Building Size | 4,873 SF |
| Property Type | |
| Floors | 1 |
| Typical Floor Size | 4,873 SF |
| Year Built | 1938 |
| Lot Size | 0.27 AC |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | PSR4 |
Amenities
- Smoke Detector
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 534 |
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646 Westminster Dr - Cottages
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