$3,500,000

Coldwell Banker Commercial is proud to present the exclusive listing of the Catalina Cottages , a prime multifamily investment opportunity located just steps from Pasadena’s premier South Lake District . This unique offering consists of 10 total units , including: One 2-bedroom, 1-bath unit Nine single units , with two newly added ADUs The property has undergone significant renovations, including the addition of two Accessory Dwelling Units (ADUs). Most single units have been updated , providing strong current income while offering upside potential through the renovation of the remaining two units. Key features include: Gated and secure property Proximity to South Lake District and nearby Metro Station The South Lake District has experienced significant rental demand growth over the past 24 months, driven by a surge in employment—particularly in the financial sector . This trend offers the incoming investor the opportunity to increase rents , providing a natural hedge against inflation. This is a rare opportunity to acquire a stabilized, income-producing asset with additional upside potential in one of Pasadena’s most sought-after neighborhoods.