Martin Watkins

Wonderfully Maintained 14 Unit Building in Baldwin Village that Consist of (8) Large 3 bed/ 2 bath Units and (6) 2 Bed 2 Bath Units with (1) ( 3 Bed 2 Ba) Unit delivered Vacant. All tenants have at least 1 Gated Parking space in the rear of the building an Balconies. Current GRM With " actual" Gross Rent is 9.0 and Could be lower with Filled Vacancy. All windows were replaced within last 3 years

1st Time on Market in Over 50 Years , This Well Maintained 14 Unit Building Sits in the Most Desireable area Of Baldwin Village just a block east of La Brea at Stevely Street. This area has had a Renaissance of Sorts in the last few years with Major developments Including Kaiser, New Light Rail less than 1/4 Mile away, Costco (Coming Soon) as well as Many Other Projects. Prospective Buyers will

Very Motivated Seller ! Smaller House in Coveted area of Pasadena sitting on Lot close to 10,000 Square Feet minutes to Old Town and many other Pasadena Landmarks. Seller has submitted plans to Build 2 Townhomes and 2 Separate ADU'S. Plans are almost approved and Seller will include all Plans with sale and an information related to adding the additional Units.