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452 E Rio Grande Street

Pasadena, CA 91104
  • $1,835,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • ID#: AR25000109
Under Contract
UPDATED: 0 min ago
$1,835,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jack Yang of Re/Max Premier Prop SanMarino (626-660-1100) and Lauren Lin of RE/MAX PREMIER/SANMARINO(626-660-1100)


Description

Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a PRIME Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets, tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-06T15:34:06.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/159110498
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452 E Rio Grande Street Pasadena, CA 91104

  • Price: $1,835,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 0 min ago
  • ID#: AR25000109
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1961
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a PRIME Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets, tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market.
Exterior Features

Entry Level 1 Entry Location South Side Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 4 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances Gas RangeDryerWasher Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingRuralSidewalks Contingency No Contingency. Buyer To Corporate With Seller For 1031 Exchange For No Cost. Electric Expense 240 Fuel Expense 0 Garage YN Yes Gross Income 120900 Gross Scheduled Income 141600 Insurance Expense 2373 Land Lease YN No Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 114000 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 4200 Pest Control Expense 600 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2400 Utilities Natural Gas AvailableSewer AvailableWater Available Water Sewer Expense 396 Water Source Public Zoning PSR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-06T15:34:06.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Jack Yang of Re/Max Premier Prop SanMarino (626-660-1100) and Lauren Lin of RE/MAX PREMIER/SANMARINO(626-660-1100)