72 El Nido Avenue, Pasadena CA

Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot. The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the six single car garages to two ADUs. It's perfect for owner occupancy, where you can enjoy the beauty of the 3-bed, 2.5-bath house and earn additional income from the other 4 units. Conveniently located with easy freeway access and just minutes from Old Town, this property is highly desirable and in-demand for renters. It's also situated within a short distance from Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Plus, you'll have easy access to all the fine restaurants on Colorado Boulevard. Whether you're looking to invest, develop, or live in this hidden gem, this property has limitless potential. Don't miss out on this rare opportunity to own a piece of Southwest Pasadena's best-kept secret.