708 N El Molino, Pasadena, CA 91104

Property Description

708 & 700 N. El Molino Ave - Income Investment and Development Opportunity: Fully remodeled existing 2 UNITS (Single Family Home and ADU) PLUS Building Plans for adjacent lot development for ~1,600 Sq Ft Duplex (2- ~800 Sq Ft Units) located in highly desirable Olive Heights neighborhood of Pasadena. The main single-family home (708 N. El Molino Ave-APN5731010068) offers 3 bedrooms and 3 bathrooms, ~1,061 sq ft of living space with a completely detached fully permitted ADU, 1-bedroom, 1-bathroom ~440 Sq Ft with a full kitchen and living room with its own private address (710 N. El Molino Ave). The adjacent lot (700 N. El Molino Ave-APN 5731010069) is ~3,750 Sq Ft Lot zoned as PSR6 includes building plans and develop package for a Duplex (2- ~800 Sq Ft Units). Combined lot size of 8,632 Sq Ft. Both units have been renovated with the highest level of craftsmanship and attention to detail. Castlewood Oak waterproof plank flooring throughout with custom build baseboards and wall finishings. Kitchen is lined with new cabinetry, countertops, surrounded with designer tile backsplash, and premium stainless-steel appliances. Every bathroom has been tastefully reimagined with porcelain tile, new vanities with white quartz countertops, sleek 12x24 tile shower finishes, and premium fixtures. This property has so many OPTIONS whether you’re a homeowner looking to use this property for multi-generational living, Investors looking to utilize as an income producing property, or a hybrid of a homeowner living in one unit and making additional income on the second unit. Key Upgrades & Infrastructure: new 3-ton split AC unit, new 200-amp electrical panel serving both units, and completely updated outlets/switches. Fully replaced underground sewer lines and new main water lines. Brand-new asphalt shingle roof, comprehensive new insulation (roof, walls, and crawl space), repaired exterior stucco, and dual-pane windows throughout. Walking distance to award winning schools, local public transportation, shopping, and restaurants.