Pasadena (NE) (646) Homes with Fire Detection System Security Features

Welcome to Pasadena, California – a vibrant city nestled in the heart of Los Angeles County, renowned for its rich history, stunning architecture, and a thriving cultural scene. Known for its picturesque tree-lined streets and beautiful neighborhoods, Pasadena offers a unique blend of urban sophistication and suburban charm. With its close proximity to downtown Los Angeles and the San Gabriel Mountains, residents enjoy easy access to both nature and city life.

One of the standout features of homes in Pasadena is the commitment to safety and security. Many properties in this desirable area come equipped with state-of-the-art fire detection systems, ensuring peace of mind for homeowners and their families. These security features are not just an added convenience; they are a crucial aspect of home safety that provides residents with an extra layer of protection against potential fire hazards.

Imagine settling into your dream home, knowing you have advanced fire detection features at your fingertips. These systems are designed to alert you quickly in the event of a fire, allowing you to act swiftly and safeguard your loved ones and belongings. In a city where community and family are paramount, having such security measures in place enhances the overall living experience.

Pasadena is not just a place to live; it’s a lifestyle. With beautiful parks, top-tier schools, and a plethora of dining and shopping options, it’s no wonder so many choose to call this city home. Explore the charm of Pasadena and discover your perfect sanctuary equipped with the security features you deserve!

Newest Pasadena (NE) (646) Homes with Fire Detection System Security Features

$9,680,000

44 Beds ⋅ 44 Baths ⋅ 26990875 MLS ⋅ Active Status

Rare opportunity to acquire the Wright Avenue Apartments, a 44-unit (43 + 1 non-conforming 2+2) gated multifamily community in Pasadena's desirable Olive Heights / North Central neighborhood. Built in 1971 on an expansive 35,252 SF lot, the property spans approximately 22,784 SF with a functional mix of 33 one-bedroom units, 10 studios, and one non-conforming two-bedroom/two-bath. Residents enjoy controlled-access entry, gated covered parking, on-site laundry, bicycle storage, and a tranquil courtyard featuring a koi pond and tree-shaded seating, while select units feature updated kitchens and interiors. The offering presents extraordinary value-add potential: current rents average $1,486/unit against $2,215 at market a massive 69% upside as units turn to market rents plus an additional path to 59% upside through possible ADU development of the rear parking area into 8 two-bedroom ADUs (buyer to verify). At $220,000 per unit and $425/SF, the property trades at a 5.61% current cap rate with market fundamentals supporting 9.47%. The location is exceptional: Very Walkable (Walk Score 86), a 15-minute walk to the Metro A Line Lake Station, and minutes to Old Pasadena's dining and retail, the Rose Bowl, and South Lake Avenue. Anchored by world-class employers including Caltech, NASA's Jet Propulsion Laboratory, Huntington Hospital, and Kaiser Permanente in a zip code with a $105,958 median household income and $1.6M median home price 819 Wright Avenue offers investors scale, stable in-place income, and one of the deepest rent-growth stories in the Pasadena submarket.

819 Wright Avenue, Pasadena

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.