About This Property

HIGH-YIELD VALUE-ADD 4-PLEX IN PASADENA - ALREADY SECTION 8 APPROVED Incredible opportunity to acquire a cash-flowing Pasadena 4-plex positioned for an immediate equity push. Currently managed by a long-term, mom-and-pop owner, the asset is primed for a strategic investor to step in and capture massive operational upside. By implementing a Ratio Utility Billing System (RUBS), a new owner can instantly wipe out $7,200 in annual owner-paid utilities, transferring that value straight to the bottom line. Skip the red tape—the property is already approved for the Section 8 program, making it a turnkey transition for a high-performing voucher portfolio. Aligning the units with local Housing Choice Voucher limits ($1,260 for 2-beds / $1,700 for 3-beds) unlocks a robust $71,040 gross annual income. Priced to deliver a highly competitive 7.5% Cap Rate upon optimization, this asset perfectly blends immediate government-backed income stability with premier value-add potential.

Key Features

• 0.391 Acres Lot
• Built in 1971

Property Details

• Type: Single Family Home
• Year Built: 1971
• Lot Size: 0.391 sq ft
• Sq Ft: 4,766
• Price / Sq Ft: $126
• HOA: Contact Agent
• Bedrooms: 3
• Bathrooms: 2
• Feature: 0.391 Acres Lot
• Feature: Built in 1971
• Status: Active
• MLS Number: 87446c69715d989c2469061904a137d4
• Days on Market: 1
• Listed By: RE/MAX Fine Properties · Rella Sanders
• Zip Code: 77506