325 Pasadena Avenue, South Pasadena, CA 91030
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- MLS#: SW24220453 ( Quadruplex )
- Street Address: 325 Pasadena Avenue
- Viewed: 4
- Price: $1,950,000
- Price sqft: $531
- Waterfront: No
- Year Built: 1930
- Bldg sqft: 3672
- Bedrooms: 5
- Total Baths: 5
- Full Baths: 5
- Days On Market: 77
- Additional Information
- County: LOS ANGELES
- City: South Pasadena
- Zipcode: 91030
- District: South Pasadena
- Provided by: Revel Real Estate
- Contact: Michael Michael
- DMCA Notice
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DescriptionPasadena 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.
Property Location and Similar Properties
Features
Assessments
- None
Association Fee
- 0.00
Commoninterest
- None
Common Walls
- No Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 39
Fireplace Features
- None
Garage Spaces
- 0.00
Laundry Features
- Inside
Levels
- One
Living Area Source
- Assessor
Lockboxtype
- None
Lot Features
- 2-5 Units/Acre
Parcel Number
- 5313012003
Pool Features
- None
Postalcodeplus4
- 2904
Property Type
- Quadruplex
School District
- South Pasadena
Sewer
- Public Sewer
View
- Neighborhood
- Trees/Woods
Water Source
- Public
Year Built
- 1930
Year Built Source
- Public Records
Zoning
- SPR310000*