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To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 7602374092...

Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Location, Efficient Unit Mix, High Density Commercial Zoned Lot, Irreplaceable Location with Over 5% Cash-on-Cash Return. a prime value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is being offered for sale at below replacement costs for such a high-quality location and provides an attractive 5.51% Actual CAP Rate and a Low Price per unit. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, five (5) junior Studio, and three (3) Bachelor (no kitchen) units. The unit mix is perfect and suitable for the location, as it encourages young professionals and a slightly higher turnover, all for a new owner to recapture the future market rent. The location would provide consistent and high demand for rental units like this. Approximately 11 out of 23 units have had upgrades. Some units have new double pane windows, and the upgraded units have new wood flooring and updated plumbing. All units have smooth ceiling and excellent layout. Each unit is separately metered for electricity and gas. Parking is at the back of the lot. There is a total of 9 spaces with 8 assigned to units, and 1 is rented. There is an additional shared laundry room in the basement for the community, and a master water heater.

HIGHLIGHTS: $300K Price Reduction - ProForma CAP Rate of 7.84%, Rent Growth: Rents are currently below market by an average of approximately $725 per unit/month. / Current CAP Rate of 4.75% – Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy over rent growth. / Priced at only $160/SF – Well below the $235/SF average for comparable multifamily properties in the market. Property is priced 32% under market PPSF. / Located on two legal lots totaling 1.37 acres, providing flexibility and long-term hold options or possibility for future development potential. / Ample onsite parking including tuck-under stalls, covered spaces, open parking, and private garages. / Fully gated property for enhanced security and tenant appeal / Well-maintained swimming pool adds to tenant enjoyment and retention + Onsite laundry. Recent $300,000 Price Reduction - TRUST SALE, MOTIVATED SELLER. This sale presents an exceptional opportunity for an investor to unlock value through strategic rent increases, while benefiting from a stabilized asset with consistent performance. Recent rent increases of $4,200/month +/- ($50,000 +/- annually) implemented through professional third party management, establishing a clear pathway to higher cash flow. Current CAP Rate reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy and tenant stability over rent growth, keeping rents significantly below market. With 30 units, the property boasts an excellent unit mix that appeals to a broad tenant base: 7 Units: 950 Sq. Ft. 1 Bedroom - 1 Bathroom 1 Unit: 1,100 Sq. Ft. 2 Bedrooms - 1 Bathroom 4 Units: 1,300 Sq. Ft. 2 Bedrooms - 2 Bathrooms 12 Units: 1,400 Sq. Ft. 3 Bedrooms - 2 Bathrooms 2 Units: 1,500 Sq. Ft. 3 Bedrooms - 2.5 Bathrooms 4 Units: 1,700 Sq. Ft. 4 Bedrooms - 2 Bathrooms

Westside glamour meets the refined elegance of Pasadena's exclusive San Rafael Heights. Completely reimagined in 2019, 645 South San Rafael Ave is a turnkey luxury home where tech-enhanced lifestyle ease harmonizes with gorgeous natural materials and lush surroundings. Tucked behind tall hedges and a gated entry on a private, corner lot, the home greets you with a stylish facade and meticulously landscaped front yard. Inside, natural light pours into the living room from a massive picture window and collapsible glass doors, which open to the expansive rear patio. Offering a fantastic indoor-outdoor flow, this defining entertainment area allows guests to mingle with ease. In the dining room, an elegant wine display makes selecting the evening's bottle a special ritual while the great room includes a dream-kitchen outfitted with Thermador and Viking appliances, custom cabinetry, and a 13-ft porcelain-topped waterfall island worthy of a meal cooked by Nancy Silverton herself. Sunlight floods through the overhead skylights and the attached family room invites loved ones to gather here in the heart of the home. The luxurious primary suite, privately tucked on its own floor, features gorgeous wood paneling, a cavernous walk-in closet, and picturesque views. With a lavish, marble-wrapped ensuite including a soaking tub, heated floors, and a steam shower, you'll treasure this secluded sanctuary. A second bedroom suite, equally grand, is tucked down a first floor hallway along with two additional bedrooms and a full-sized hall bath. A fifth bedroom, near the kitchen, is perfect as service quarters or an office. The grounds include an exceptionally private backyard that offers a large, heated patio with outdoor kitchen for al fresco meals year round, a spacious grassy lawn, and a shimmering pool with spa. A fully permitted ADU currently serves as a sound-proof media room for immersive movie nights. Updated with amazing tech, including Samsung biometric entry, security cameras, EV chargers, surround sound and much more, 645 S San Rafael Ave leaves nothing to be desired. Your next amazing chapter awaits at this exquisite home where elegance, luxury, and ease imbue each day.

Seize the rare opportunity to experience waterfront living on Lake Mission Viejo. 22791 Tindaya, a dream-like retreat offering breathtaking lake views and a private dock for your Duffy boat—right in your backyard. Spanning over 6,000 square feet, this exquisite 5-bedroom estate with an office and gym seamlessly blends Tuscan-inspired elegance with modern luxury. Fully renovated in 2013, it showcases custom, top-tier finishes throughout. From the moment you step inside, you are greeted by soaring ceilings, exquisite stone flooring, and a grand wraparound staircase—yet, the true showstopper awaits just beyond the main living space: a stunning backyard entertainment area with unobstructed lake views. The outdoor oasis features a pool and spa, built-in BBQ, fire pits, and multiple seating areas, all set against the picturesque waterfront backdrop. Indoors, the home continues to impress with the chef’s kitchen, a true masterpiece, featuring stainless steel appliances, a spacious island, a walk-in pantry, and stone accent walls. Additionally, the main level includes a guest bedroom, dining room, and gym that could easily serve as a fifth bedroom, while the upper floor boasts three ensuite bedrooms, an office, and a grand media room. The primary suite is pure luxury, complete with dual walk-in closets and vanities, a soaking tub, and a spacious standing shower—a true retreat within this stunning estate. Additional highlights include a 2-car garage, private gated driveway with parking for three more vehicles, Savant A/V system, and a temperature-controlled wine room. Experience twinkling lights from the hillside reflect off the water, evoking the charm of a European retreat—reminiscent of Mallorca. As a Lake Mission Viejo resident, you’ll have access to exclusive perks, such as summer concerts on the water, 4th of July fireworks, fishing, paddle boarding, and endless recreation. This isn’t just a home—it’s a lifestyle of luxury, exclusivity, and endless waterfront enjoyment.

Nestled behind privacy gates of the prestigious street of Victoria Point located in Malibu's famed Broad Beach area, this ocean-view masterpiece defines luxury coastal living. Every detail of this impeccably designed home exudes sophistication, from its fine finishes to its myriad of high-end features. The resort-style outdoor deck is an entertainer's dream, boasting a panoramic ocean view, infinity pool and spa, and a built-in BBQ area, all framed by the breathtaking coastline. Inside, discover a carefully crafted floor plan that harmoniously blends form, flow and function. The stone flooring and distinctive fireplace surround showcase the sophistication of the home. Entertain or relax with family and friends in the impressive great room with soaring beamed ceilings, picture windows, cozy media room, semi-circular ocean view bar and dining area with stacked stone accent wall. Tucked away at the rear of the room, a temperature-controlled wine cellar awaits behind a secret door. The ocean view gourmet kitchen, a chef's delight, features rich wood cabinetry and a large natural stone island with breakfast bar. The kitchen's three ovens and two distinct prep areas, each with their own sink and dishwasher, invite you to unleash your culinary creativity. The elegant and tranquil ocean view primary bedroom engages your senses with wall to wall scenic windows, cozy fireplace, beamed ceilings, large relaxation patio and spa-inspired custom bath. The walk-in closet feels more like a luxurious boutique designed with meticulous attention to detail. The residence includes two additional en-suite bedrooms, one of which is ocean facing, that are perfect for visiting guests. An office with elegant built-ins provides the ultimate professional sanctuary. The property also boasts a fully finished two-car garage with built-ins for storage and an electric car charger. A stairway to Sea Level Drive from the pool area provides access to Lechuza beach. Sitting majestically on a bluff, the home commands stunning sunset views over Lechuza Beach and the iconic Malibu coastline. This rare offering presents an elegant and serene retreat that epitomizes coastal luxury by the beach. Victoria Point is one of Malibu's best kept secrets.

We are proud to present for sale 726-740 Hartford Ave, a rare high-density development opportunity perfect for a developer utilizing LA City and State Incentives like ED1 and AB 2334. Project density is only limited by construction type choice, as AB 2334 allows for unlimited density, and the base zoning has no height limitation. The City of Los Angeles requires 100% affordable projects to be approved via a ministerial path, without a lengthy entitlement process. As a 100% affordable project, rents are limited to approximately $1,777 for Studios and $1,920 for 1 Beds which allows a developer to achieve a compelling rent per square foot if units are efficiently designed. No parking is required as the project is located close to transit. The location is within a half mile of LA Live/Crypto Area, and DTLA. Koreatown is a short 5 minute drive to the east, and is in close proximity to the 110, 10 and 101 freeways. The project can offer residents a unique urban lifestyle with access to cultural amenities, employment, entertainment, and education opportunities without the need to rely on automobiles. Downtown LA remains city's largest employment cluster, providing 16% of its jobs, and 47% of its office space. Downtown is home to over 90,000 residents, making it one of LA's most populous neighborhoods, with over 25,000 new residential units delivered since 2010. The immediate area around the project is home to many USC students and young professionals and is walkable to two popular concert venues. This is an ideal location to purse an ED1 project, a developer can deliver a product affordable to residents who benefit from Downtown LA amenities and access to transit.

Rare Development Opportunity in Bradbury 1901 Royal Oaks offers a unique opportunity for development on approximately 12 acres in the City of Bradbury, with potential for subdivision into six to eight estate lots, subject to approvals. Situated in a private and highly desirable community in the San Gabriel Mountains foothills, Bradbury is known for spacious estates and tranquil surroundings. The property features access from Royal Oaks Drive and provides scenic mountain views. Preliminary studies and planning have been completed, offering a foundation for further development in this exclusive area.

1303 Marinette Rd | Pacific Palisades, A Rare Opportunity to Own a Masterpiece in the Making. This architectural gem was just three months from completion as of January 2025 with permits and fees paid, complete plans approved, and substantial construction progress already achieved, in less than 9 month and you can live in your dream home..Now available at an extraordinary value, this one-of-a-kind estate appraised at over $20 million can be yours for a fraction of its worth. This is an incredible opportunity to create a world-class modern farmhouse estate on one of the most desirable streets in Pacific Palisades. Set on an expansive 27,000-square-foot lot, this property includes beautifully designed plans and renderings for an approximately 10,000-square-foot architectural residence that embodies refined coastal luxury and contemporary elegance. The envisioned home features soaring ceilings, floor-to-ceiling glass walls, and a seamless indoor-outdoor flow that captures the Palisades' signature light and coastal breezes. The plans showcase open-concept living spaces, a gourmet chef's kitchen, spacious bedroom suites, and a resort-inspired backyard complete with a pool, spa, outdoor kitchen, and multiple lounge areas-perfect for entertaining or relaxing in total privacy. A rare chance to bring to life a truly iconic estate in one of Los Angeles' most sought-after neighborhoods, moments from the Village, beaches, and the best of the Westside.