LAAA is proud to present this extremely rare 4-unit multifamily listing in an excellent South Pasadena location, just west of Garfield Park and within one block of Fair Oaks Ave, where tenants can enjoy a variety of shopping and restaurants, including a Bristol Farms grocery store just steps from the property. Situated at 626 Brent Ave, this property boasts a great unit mix with all units being approx. 900 sq.ft. 2-bed/1-bath units.

The property has been extensively renovated over the years with the owner spending over $250,000 on renovations. Furthermore, the property is currently receiving great rents on three of the units, and one of the units is currently vacant, allowing the perfect opportunity for an owner-occupy buyer.

The property is very well maintained with a beautiful lawn, and each unit gets it's own private garage and on-site laundry which is owned by the landlord, allowing for extra income.

Built in 1947, this property is currently non-rent controlled, however it will soon fall under the new anti-rent gouging bill, AB-1482, starting in 2020. With this new law, the buyer will be able to raise rents by an amount equal to 5% plus CPI, which equates to approx. a 7% allowable rent increase for 2020.

With no 4-unit sales in the City of South Pasadena in the past year, this truly is a rare opportunity for an investor to own a renovated 4-unit property in an irreplaceable location.