1040 Emerson St, Pasadena, CA 91106, USA
1040 Emerson St, Pasadena, CA 91106, USA
- Rehab: 940,000
- ARV: 4,000,000
- Bedrooms: 4
- Bathrooms: 2
- Area: 1456 sq ft
- Lot size: 8327 sq ft
- Status: Available
- House Type: Multi-Family
Description
– Wholesale deal under contract ready to assign, do not contact listing agent
Current: 4 bed | 2 bath | 1,456 sq ft | 8,327 sq ft lot
- Vacant – Email/Call for Access
- Do not contact listing agent
- Rare gem! develop it into a multi-unit rental property! Perfect For the investor who may want to build multiple units on the property for potentially great rental income. RM-16 zoned per the city zoning map which means 16 homes per acre can be built. There is a multi unit build with similar lot size directly across the street for reference.
Development Play: You can build 5 units. Each Can sell for $800k+.
Purchase Price: $1,050,000
Build Estimate: $940,000
ARV: Each Can sell for $800k+. Potential profit of 2m.
