790 E Orange Grove Boulevard

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Source: California Regional MLS

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P14181

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.

Property Information

Property Details

Location

Address

790 E Orange Grove Boulevard

County

Los Angeles

City

Pasadena

Zip Code

91104

MLS Area

646 - Pasadena (NE)

Interior Features

Heating and Cooling

Cooling

Central Air, Electric

Fireplace

None

Building

Building Information

Square Feet

5,500

Year Built

1923

Stories

Construction

Frame, Stucco, Copper Plumbing

Roof

Asphalt, Flat

Condition

Additions/Alterations, Updated/Remodeled, Repairs Major

Financial

Special Conditions

Standard

790 E Orange Grove Boulevard, Pasadena, CA 91104

Market Report for 91104