279 Parke Street

Description

Discover an exceptional investment opportunity in the heart of Pasadena with this rare 4-unit income property, offering a highly desirable unit mix and strong upside potential. With three units delivered vacant and only the smallest rear unit occupied, this property is ideal for both investors and owner-occupants seeking immediate flexibility and long-term income growth.The property also offers additional land at the rear with strong potential for future ADU development (buyer to verify with the city), presenting a valuable opportunity to further increase income and maximize long-term returns. Each unit features its own laundry hookups. The property also provides approximately 10 off-street parking spaces, a significant advantage in this prime Pasadena location. Ideally situated near Villa Parke Community Center and Park, the property offers easy access to recreational amenities, while also being conveniently close to local dining, shopping, and major freeways—making it highly attractive to tenants and homeowners alike.Property Breakdown:285 Parke (Main House – Delivered Vacant)Spacious 3-bedroom, 2-bath residence—perfect for an owner-user or premium rental. Recently upgraded with a brand-new roof and flooring, featuring a private front yard, 4 dedicated parking spaces, and a clean basement ideal for storage.Equipped with new refrigerator, washer & dryer, microwave, stove, and dishwasher.283 Parke (Delivered Vacant,with New Flooring and Windows)3-bedroom, 1-bath unit offering generous living space, ideal for families or shared living.281 Parke (Tenant Occupied)Cozy 1-bedroom, 1-bath unit located at the rear for added privacy.279 Parke (Delivered Vacant)Larger 1-bedroom, 2-bath unit with a flexible layout.Delivered vacant and Equiped with new refrigerator, washer & dryer, microwave, stove, dishwasher.This property is being sold “as-is”, reflecting a compelling entry point for savvy investors. With only the smallest unit currently rented and all larger, higher-income potential units delivered vacant, the property offers a rare opportunity to reset rents to market levels immediately and maximize returns. Don’t miss this opportunity—schedule your private showing today.