Asking Price: $1,750,000

We are pleased to present these 6 units located at 120 N Bonnie Avenue in Pasadena, California. Built in 1910, the offering consists of 1- studio/1 bath, 1- newly renovated one bed/one bath, 3- two bed/one bath, and 1- newly renovated two bed/one bath townhouse. The property is situated on 8,385 SF lot with 4,126 SF of gross rentable area. Due to the relaxed style of ownership, rents have not been increased in over a decade. For that reason, a new investor has the opportunity to immediately capitalize on the nearly 50% upside potential in rents on this non-rent controlled property.~In addition, the Speed Queen washer and dryer is owned and not leased and also has upside potential due to the low rates. Well situated in one of the most sought after pockets of Pasadena, The Property is walking distance to Pasadena City College and minutes away from Old Town, home to premier dining, shopping and entertainment.