288 Vinedo Ave, Pasadena

Pasadena Home For Sale

Income Property with a custom-built workshop for someone looking for an Investment Property, or live on the property where your office/shop is located. Located in the Lamanda Park neighborhood of beautiful Pasadena, the entire property consists of 3 parcels with 2 structures. Front structure facing Vinedo is a beautiful craftsman-style built at the turn of the century with many elements of the era such as low-pitched gable roof with overhanging eaves, earth-toned exteriors giving the home a natural aesthetic, with porches in front and in rear. It's a Duplex with all the charm and beauty of a home near the turn of the century inspired by the arts and crafts movement of the early 1900s, that has been beautifully restored with modern day features. The owners have an appreciation for woodworking and have meticulously maintained the originality of the home, while keeping the theme of the architecture style when modernizing and upgrading. It truly is a must see! All the square footage listed here are approximate and must be verified. The Larger unit, A, is a 2 bedroom, 2 bath with lots of built-ins. Unit A is approx. 1200 sq ft. and brings in $2500/month while Unit B , which is approximately 450 sq ft., brings in $2000/month. The residence is beautifully landscaped and paved using cobblescape-octagon-dot pavers with a slight beveled edge in the driveway and throughout the rear patio/garden area. It is all exquisitely groomed, inside and out. The shop, which is accessible from rear, consists of approx 3059 SF (not exact -BUYER must verify) of light industrial space - 2 levels - includes 600 SF of office space. Office upstairs with mountain views and overlooks workshop below. Lots of built-ins and wide open space. Shop has 19' Clear Height and the 2nd floor has a high weight load capacity for easy access with a forklift or a car lift. Shop has 2 Restrooms and is equipped with a 200amp 3 phase panel & a 220amp Single Phase Power Panel, 2 wide roll-up doors, 7 Parking Spaces with a Loading Dock and a Storage Area. Owner is willing to carry if Buyer has sufficient Down Payment. Carry Terms : Approx $2,000,000 (or remaining balance after down payment is applied) at 6.5% amortized for 15 years with a ballon payment due in 5 years. Owner is looking to stay in the main house for 60 months as a rent-back at the rate of $2500/month, if the Buyer should desire to entertain this arrangement. Seller is eager to entertain any serious offer. Everything is negotiable.