Single-Family to Four Plex
481 E Maple St
481 E Maple St, Pasadena, CA 91101
Listing Price: $600,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a duplex development site at 481 E Maple Street located in Pasadena. Situated on a 8,208 parcel of flat land, the property provides a great opportunity for a developer to acquire a rare asset in one of the hottest markets in Pasadena with multiple developments in the immediate area. The subject property is in close proximity to numerous restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. 481 E Maple Street is in a desirable, attraction-rich location, and is walking distance from renowned schools at California Institute of Technology and Pasadena City College. Metro Gold Line transit rail and Interstate 210 freeway access are nearby. The Site has RTI Plans for a Duplex Consisting of (2) Two Bedroom & Two Bathroom Units. There will be a Total of Four Garage Parking Spaces. Each Unit will be Two Stories and Have In-Unit Laundry. This rare development opportunity located Pasadena allows new ownership to maximize income with regards to total square footage and will allow an investor to achieve superior future returns, making 481 E Maple Street an excellent acquisition opportunity.
481 E Maple St
Investment Highlights
- Includes a 8,208 Square Foot Lot & RTI Plans for a Duplex Featuring 2 Large Townhouse Units, Each with In-Unit Laundry and a Private 2 Car Garage
- New Ownership has Potential to Add Two Accessory Dwelling Units (ADU) After Construction of Duplex, Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- In Close Proximity to Highly Renowned Schools and Tech Companies, which Drive Rental Growth, Attracts High-Income Tenant Profiles, and Minimizes Leasing Times
- Pasadena is a Highly Sought-After Market due to its High Average Household Income, Density, New Developments, Popular Attractions, Schools and Employment Opportunities
- With a Walk Score of 83 'Very Walkable' - Most Errands can be Accomplished on Foot. Residents are a 10 minute Walk From the Metro Gold Line, Schools, and More
- The Subject Property is Located Within Two Miles of Caltech and Pasadena City College with Numerous Other Schools in the Area
Exclusively Listed By
Financing By
Listing Price: $600,000
Investment Highlights
- Includes a 8,208 Square Foot Lot & RTI Plans for a Duplex Featuring 2 Large Townhouse Units, Each with In-Unit Laundry and a Private 2 Car Garage
- New Ownership has Potential to Add Two Accessory Dwelling Units (ADU) After Construction of Duplex, Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- In Close Proximity to Highly Renowned Schools and Tech Companies, which Drive Rental Growth, Attracts High-Income Tenant Profiles, and Minimizes Leasing Times
- Pasadena is a Highly Sought-After Market due to its High Average Household Income, Density, New Developments, Popular Attractions, Schools and Employment Opportunities
- With a Walk Score of 83 'Very Walkable' - Most Errands can be Accomplished on Foot. Residents are a 10 minute Walk From the Metro Gold Line, Schools, and More
- The Subject Property is Located Within Two Miles of Caltech and Pasadena City College with Numerous Other Schools in the Area
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a duplex development site at 481 E Maple Street located in Pasadena. Situated on a 8,208 parcel of flat land, the property provides a great opportunity for a developer to acquire a rare asset in one of the hottest markets in Pasadena with multiple developments in the immediate area. The subject property is in close proximity to numerous restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. 481 E Maple Street is in a desirable, attraction-rich location, and is walking distance from renowned schools at California Institute of Technology and Pasadena City College. Metro Gold Line transit rail and Interstate 210 freeway access are nearby. The Site has RTI Plans for a Duplex Consisting of (2) Two Bedroom & Two Bathroom Units. There will be a Total of Four Garage Parking Spaces. Each Unit will be Two Stories and Have In-Unit Laundry. This rare development opportunity located Pasadena allows new ownership to maximize income with regards to total square footage and will allow an investor to achieve superior future returns, making 481 E Maple Street an excellent acquisition opportunity.
Exclusively Listed By
Financing By
