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Elaine Scotton

escotton@urteaminc.com +1(626) 709-3844

$ 1,900,000

Est. payment | -/mo

0.34 Acres Lot

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$ 1,900,000

Est. payment | -/mo

Save

0.34 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-26542

HOA Y/N No

Year Built 1950

Lot Size 0.344 Acres

Property Description

Located in the desirable North Central Pasadena neighborhood, 1500 Navarro presents a rare opportunity to acquire a well-maintained, income-producing asset with strong in-place cash flow. This 6-unit multifamily property consists of one-bedroom units, fully occupied with stable Section 8 tenants, offering reliable and consistent rental income.Built in 1950 and held under long-term ownership, the property has been thoughtfully maintained, reflecting pride of ownership. Each unit is equipped with in-unit laundry--an increasingly sought-after amenity--enhancing tenant satisfaction and retention.The property offers one dedicated parking space per unit, along with additional storage cupboards conveniently located at each parking space. Residents also enjoy a shared outdoor common area, creating a comfortable and functional living environment. Ample street parking further adds to the property's accessibility for tenants and guests.Situated in a charming and established pocket of Pasadena, the property is ideally located near local shops, dining, and essential services, making it highly attractive. With its combination of location, stability, and amenities, 1500 Navarro is an excellent opportunity for investors seeking a low-maintenance asset with dependable returns and long-term upside.Ideal for both seasoned investors and those looking to enter the Pasadena multifamily market, this property delivers on all fronts: location, stability, and consistent performance.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Interior

Fireplaces Type None

Fireplace No

Laundry Inside, See Remarks

Exterior

Parking Features Carport, Off Street

Carport Spaces 6

Fence Wrought Iron

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sprinklers None

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Others

Senior Community No

Tax ID 5728014023

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Teresa Fuller COMPASS #01315387

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(626) 709-3844

escotton@urteaminc.com

1500 Navarro AVE Pasadena, CA

Elaine Scotton

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1500 Navarro AVE