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$2,560,000

Beds
Unknown
sq ft
Unknown

301 N Hudson Ave, Pasadena, CA 91101

301 N Hudson Ave

Pasadena, CA 91101

  • 16 days on market
Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.

Details

Property type

Mixed Use

Est. home value

$1,400,506

Property condition

Updated/Remodeled

Lot size

9,358 sq ft

Price per sq ft

Unknown

Year built

1920

HOA

No

Price History

11/07/2024
CRMLS

CRMLS #PF24229101

Listed
$2,560,000

Schools & Community

Neighborhood: 

West Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank Fa

Loan start date

January 2004

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.03%

Loan type

Commercial, 30 year

Seller

Fong Kan Mak and Ernest M & Fong Kan Mak Family Trust

Lender

Washington Mutual Bank Fa

Loan start date

January 2002

Original loan amount

$244,000

Est. remaining balance

Not provided

Interest rate

6.75%

Loan type

Commercial

Seller

Fong Kan Mak and The Ernest M & Fong Kan Mak Family Tr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 4:20 PM

Listing updated: 11/08/2024 at 6:09 PM

Listed by: Amy Pace, The Agency Phone #: (626) 803-2000

MLS: CRMLS #PF24229101

CRMLS logo

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