California carriage house with a link to Abe Lincoln’s administration seeks $2 million

The Stanton Carriage House, now a triplex that generates $107,988 annually in rental income, is on the market for under $2 million. (Photo by James Moss)

The largest of the three apartments is a two-bedroom, 1,800-square-foot apartment. (Photo by James Moss)

The eat-in kitchen of the upstairs two-bedroom, 1,800-square-foot apartment opens to a balcony. (Photo by James Moss)

The living room of this one-bedroom, 800-square-foot apartment opens to a private balcony. (Photo by James Moss)

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The Stanton Carriage House, now a triplex that generates $107,988 annually in rental income, is on the market for under $2 million. (Photo by James Moss)

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A 133-year-old Pasadena carriage house, built by a bank executive with ties to the Lincoln administration, is on the market for $1.995 million.

Marketing materials tout it as “an ideal opportunity for investors or owner-users seeking a unique blend of historical significance, architectural distinction and strong income potential.” The property generates monthly rental income of $8,999, or $107,988 annually.

Long since converted into a triplex, this 3,480-square-feet multifamily home is in the sought-after Grace Hill neighborhood near Arlington Garden in Pasadena. It has a total of five bedrooms and three bathrooms.

The largest of the three apartments is an upstairs two-bedroom, 1,800-square-foot apartment with a bonus room and a sunroom. An eat-in kitchen flows into the dining area.

Doors open to balconies off the kitchen and living room, which offer sweeping San Gabriel Valley views.

The remaining two downstairs units are each approximately 800 square feet. One has a bedroom, breakfast nook and living room with access to a balcony. The other has two bedrooms and a bright, airy main living area that flows into the kitchen.

According to the Pasadena Museum of History, the original owner was William Stanton, a Midwest lawyer who moved to the area in 1890 and became vice president of Pasadena National Bank and a member of the board of Throop Polytechnic Institute. He also had a family connection to Edwin M. Stanton, President Abraham Lincoln’s secretary of war during the Civil War, but the exact nature of their relationship is unknown.

Stanton commissioned Castle Green architect …read more

Source:: The Mercury News – Entertainment