ATTENTION INVESTORS, DEVELOPERS & OWNER USERS! GREAT INVESTMENT OPPORTUNITY FOR A 5 UNIT MULTIFAMILY (171-179 S Sierra Madre) ON A LARGE 16,134 SF LOT, ZONED RM32, IN SOUTHEAST PASADENA, CAN POSSIBLY BUILD UP TO 11 TOWNHOMES (CHECK WITH CITY). PROPERTY IS RIGHT ACROSS FROM THE NEWER TOWN & COUNTRY LUXURY TOWNHOUSE COMMUNITY. THE PROPERTY CURRENTLY HAS 5 UNITS WITH STABLE TENANTS. UPSIDE RENT POTENTIAL, ABOUT 20% BELOW MARKET. THERE ARE TWO SEPARATE DRIVEWAYS, ONE EXCLUSIVE TO FRONT HOUSE AND THE OTHER TO THE BACK 4 UNITS. FRONT HOUSE (175 S Sierra Madre) IS A 2,848 SF BEAUTIFUL VICTORIAN STYLE 2 STORY HOME WITH 4 BEDROOM & 2 BATH, LARGE KITCHEN, A BASEMENT, GARAGE, FRONT AND SIDE YARDS. IT IS ALSO IDEAL FOR OWNER USER, LIVE IN FRONT AND RENTAL INCOME FROM THE OTHER 4 UNITS. TOTAL OF 3 SEPARATE BUILDINGS, 2 BACK BUILDINGS BUILT 1957, ALL FOUR UNITS IN BACK WITH 2 BEDROOM, 1 BATH PLUS ONE CAR GARAGE. SITUATED IN SOUTHEAST PASADENA, NEXT TO SAN MARINO AND AROUND 2 ½ BLOCKS AWAY FROM COLORADO BLVD WHERE THE ICONIC ANNUAL ROSE PARADE PASSES BY, ALSO CLOSE TO GROCERY, MANY RETAIL STORES, RESTAURANTS, TRANSPORTATIONS INCLUDING METRO RAIL STATION.