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769 N Orange Grove Boulevard

Pasadena, CA 91103
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 293 Days
  • ID#: 23305107
Under Contract
UPDATED: 114 min ago
$2,250,000
  • 6
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,395
    SQFT
  • $663
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

Listing Agent(s): David Altemus of The Altemus Company (310-478-7727)


Description

Residential income in the highly desirable area of Pasadena. 2 separate structures. Property will be leased back by the owner for $10,000.00 per month Triple net. Tenant will execute a new five year lease with annual rent adjustments. Owner operates a program for teenagers and their families. The program is after school only and not overnight. Owner operates six additional facilities and is wanting to expand. Name of the program is Insight treatment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T15:29:25.91. 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/142837852
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769 N Orange Grove Boulevard Pasadena, CA 91103

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 293 Days
  • Updated: 114 min ago
  • ID#: 23305107
6
Beds
0
Baths
0
½ Baths
0.25
Acres
3,395
SQFT
$663
$/SQFT
1905
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
Residential income in the highly desirable area of Pasadena. 2 separate structures. Property will be leased back by the owner for $10,000.00 per month Triple net. Tenant will execute a new five year lease with annual rent adjustments. Owner operates a program for teenagers and their families. The program is after school only and not overnight. Owner operates six additional facilities and is wanting to expand. Name of the program is Insight treatment.
Exterior Features

Architectural Style Craftsman Entry Location Foyer Foundation Details Raised Other Structures Guest House Parking Features Converted GarageDrivewayElectric Gate Parking Total 8 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DishwasherDisposalMicrowaveDryer Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating CentralForced Air Heating YN Yes

Property Features

Association YN No Buyer Financing Conventional Cap Rate 5.3 Community Features Gated Garage YN Yes Gross Income 10000 Gross Scheduled Income 0 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 120000 New Construction YN No Security Features Security GateGated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityExterior MaintenanceGasGrounds CareInsuranceJanitorial ServiceRoofTaxesTrash CollectionWater Vacancy Allowance Rate 0 Water Source Public Zoning Psr*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T15:29:25.91. 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): David Altemus of The Altemus Company (310-478-7727)