325 Pasadena Avenue, South Pasadena, CA 91030

South Pasadena, CA 91030,325 Pasadena Avenue

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,950,000

Est. payment - /mo

5 Beds

5 Baths

3,672 SqFt

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UPDATED:

11/12/2024 03:20 AM

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $531

MLS Listing ID SW24220453

Style All Other Attached

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1930

Lot Size 0.401 Acres

Acres 0.401

Property Description

Pasadena Avenue presents an exceptional investment opportunity with a diverse mix of units, two of which will be delivered vacant, allowing for immediate rent increases or owner-occupancy options. The property features a total of four units, including a primary house at 327 Pasadena Avenue, a 2-bedroom, 2-bathroom unit spanning 1,535 sq. ft. and currently occupied. The remaining three units include: A front-facing 1-bedroom, 1-bathroom unit at 325 Pasadena Avenue (737 sq. ft.) A rear 1-bedroom, 1-bathroom unit at 325 Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 Pasadena Avenue (700 sq. ft.) This property is competitively priced, with projected rents based on market rates of $2.50 to $3.86 per sq. ft. The four-unit property has a total price of $1,950,000, reflecting a strong investment with potential for rental growth. When combined with the adjacent duplex, the total asking price for both properties is $3,200,000, offering a unique opportunity for future density development on a 0.56-acre lot with 150 feet of frontage. Given the SPR310000 zoning, there is significant potential for maximizing the unit count through entitlements and higher-density development.
Pasadena Avenue presents an exceptional investment opportunity with a diverse mix of units, two of which will be delivered vacant, allowing for immediate rent increases or owner-occupancy options. The property features a total of four units, including a primary house at 327 Pasadena Avenue, a 2-bedroom, 2-bathroom unit spanning 1,535 sq. ft. and currently occupied. The remaining three units include: A front-facing 1-bedroom, 1-bathroom unit at 325 Pasadena Avenue (737 sq. ft.) A rear 1-bedroom, 1-bathroom unit at 325 Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 Pasadena Avenue (700 sq. ft.) This property is competitively priced, with projected rents based on market rates of $2.50 to $3.86 per sq. ft. The four-unit property has a total price of $1,950,000, reflecting a strong investment with potential for rental growth. When combined with the adjacent duplex, the total asking price for both properties is $3,200,000, offering a unique opportunity for future density development on a 0.56-acre lot with 150 feet of frontage. Given the SPR310000 zoning, there is significant potential for maximizing the unit count through entitlements and higher-density development.

Location

State CA

County Los Angeles

Area South Pasadena (91030)

Zoning SPR310000*

Interior

Cooling Wall/Window

Laundry Inside

Exterior

View Neighborhood, Trees/Woods

Building

Lot Description Sidewalks

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1 Story

Others

Monthly Total Fees $143

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

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Listed by Michael Onyemaobi • Revel Real Estate

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities