1007 E Maple

NextHome Grandview is proud to present this five-unit complex in Northwest Pasadena, just blocks from Old Town Pasadena’s popular shops, restaurants, and entertainment. This complex is conveniently located near the 134 and 210 freeways and within walking distance of the Lake Metro station. This multifamily investment offers two remodeled vacancies, existing rental income, and potential for future expansion or redevelopment under the City’s new North Lake Specific Plan. The property includes (1) studio, (3) one-bedroom units, and (1) two-bedroom unit. The remodeled studio and a (1) bedroom unit are currently vacant, offering immediate leasing opportunities. The remaining three units are occupied. Buyers can explore adding two to four units for a total of seven to nine, or redevelop the existing structures into an eight-unit complex, subject to City approval and buyer verification of allowable density and development feasibility. Inquire today to schedule a private showing and explore the property’s income and development potential.