Pasadena, CA 91103 769 N Orange Grove Boulevard

$2,250,000

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Presented By: David Altemus with The Altemus Company;

MLS# 23305107
08/27/2023

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Beds • 6
Baths • 4
SQFT • 3,395
Garage • 4

Home Details

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.

Presented By: David Altemus with The Altemus Company;

Interior Features for 769 N Orange Grove Boulevard

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0

3/4 Baths0

Full Baths

Half Baths

Total Baths4

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Electric On Property Y/NNo

Fireplace FeaturesLivingRoom

Fireplace Y/NYes

FlooringWood

Heating Y/NYes

Street SuffixBoulevard

Total Stories2

General for 769 N Orange Grove Boulevard

Additional Parcels Y/NNo

AppliancesDishwasher, Disposal, Microwave, Dryer

Architectural StyleCraftsman

Attached Garage No

Buyer FinancingConventional

Cap Rate5.3

Carport Y/NNo

CityPasadena

Community FeaturesGated

CoolingCentralAir

CountyLos Angeles

Days on Market52

DirectionsColorao Blvd. to Orange Grove Blvd.

Entry LocationFoyer

Garage Spaces4.0

Garage Y/NYes

Gross Income10000.0

HOA / Comm AssnNo

HeatingCentral, ForcedAir

Home Warranty Y/NNo

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, Conventional

Lot Size Square Feet10784.0

MLS Area645 - Pasadena (NW)

MobileHomeRemainsYNNo

Net Operating Income120000.0

New ConstructionNo

Occupancy DescriptionOwner

Other StructuresGuestHouse

Pool FeaturesNone

Private PoolNo

Property Attached Y/NNo

Property TypeResidentialIncome

Rent Control Y/NNo

Security FeaturesSecurityGate, GatedCommunity

Senior Community Y/NNo

SewerOther

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActiveUnderContract

StatusActiveUnderContract

Stories2

Street NameOrange Grove

Tenant PaysCableTV, Electricity, ExteriorMaintenance, Gas, GroundsCare, Insurance, JanitorialService, Roof, Taxes, TrashCollection, Water

Total Units2

View Y/NNo

Waterfront Y/NNo

Year Built1905

ZoningPSR*

Exterior for 769 N Orange Grove Boulevard

Building Area Total3395.0

Crops Included Y/NNo

Foundation DetailsRaised

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot Dimensions60x180

Lot Size Acres0.2476

Lot Size Area10784.0

Lot Size UnitsSquareFeet

Number of Buildings2

Open Parking Y/NNo

Parking FeaturesConvertedGarage, Driveway, ElectricGate

SpaNo

Total Parking8.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $2,250,000

MLS#23305107

List Date 08/27/2023

Property Type Multi-Family

Phone 714.964.3311

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