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House | 1880 El Sereno Ave, Pasadena, CA 91103
|Location:||1880 El Sereno Ave Pasadena CA 91103 United States|
|Number of floors:||2|
|Total overbuilt space:||2 Sq. Ft.|
|Size of plot:||4 Sq. Ft.|
|Cost of maintenance:||120000|
DescriptionIncredible opportunity at the base of the foothills in North Pasadena.This 2,480 sqft. two-story home has 5 bedrooms, 2 baths and a 2 car garage (detached) sitting on a 4,515 sqft. lot. It's by far the largest of any comps in the area with a California basement for extra storage to boot!
This will be a fun project for the investor with a vision who likes challenges and a nice payout. Definite fixer that needs almost everything; it currently does not have a power meter, nor any utilities. Buyer will have to sign a waiver of liability with City of Pasadena Occupancy. However, recent upgrades include an installed and fully paid solar power system, roof, ac/heat, and dual pane windows throughout the home.
A clean, but older style, two-story property two blocks away sold in two weeks for $975k,and is 400 sqft. smaller. With a rehab budget of $120k, you will command a similar value if not more. The property is on-market, but we have it under contract and offering it for $15k less.