6605 W PASADENA Avenue, Glendale, AZ 85301

$545,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $545,000 Last Modified: 11/15/2025

Overview

Description

The Pasadena fourplex presents a strong value-add opportunity for investors. The property features a four spacious 2bed/1bath units- each approximately 768 SF with private yards and on-site laundry. Three units are rent-ready and in excellent condition, allowing for immediate income potential. With below market rent, a new owner can quickly boost cash flow by bringing rents up to current market rates.

Listing Details MLS# 6898971

Location, Tax & Legal

House Number
6605
Compass
W
Street Name
PASADENA
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
7200
Country
US
County Code
Maricopa
Subdivision
GLENWOOD PLAZA AMD
Assessor Number
144-65-093-D
Tax Year
2024
Assessor's Map #
65
Legal Description (Abbrev)
GLENWOOD PLAZA AMEND LOT 8 EX TH W 442.50F
Assessor's Parcel #
93
Assessor Parcel Ltr
D
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
93106
Taxes
1873
Legal
GLENWOOD PLAZA AMEND LOT 8 EX TH W 442.50F
Marketing Name
Pasadena Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10674
Year Built
1971
Uncvrd Parking Spcs
7
Total # of Units
4
# of Buildings
Yes
Zoning
C-2
Flood Zone
No
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
67th Avenue & Camelback Road

Status Change Info

Off Market Date
2025-11-15
Under Contract Date
2025-09-05
Close of Escrow Date
2025-11-14

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
57600
Net Operating Income
43667

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
782
Avg SqFt
768
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
15000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

See Remarks
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
2180
Annual Maint Exp
3000
Annual Wtr/Swr Exp
4000
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
11053
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
54720

Pmt & Rate Info

Cap Rate
7.1
Equity
615000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

See Remarks
Yes

Cooling

See Remarks
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

See Remarks
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

See Remarks
Yes

Sewer

See Remarks
Yes

Parking Features

See Remarks
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: See Remarks Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool Appliances Included: See Remarks Heating: See Remarks Cooling: See Remarks Water Source: See Remarks Sewer: See Remarks Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: See Remarks Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: November - 15 - 2025
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