$ 1,950,000
325 Pasadena Avenue South Pasadena, CA 91030
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$ 1,950,000
Est. payment /mo
Active Under Contract
325 Pasadena Avenue South Pasadena, CA 91030
5 Beds
5 Baths
3,672 SqFt
UPDATED:
11/22/2024 07:33 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $531
MLS Listing ID CRSW24220453
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 ½ Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 ½ 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 Listing
Zoning SPR3
Interior
Interior Features Den
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Pool None
View Y/N true
View Trees/Woods, Other
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One Story
New Construction No
Schools
School District South Pasadena Unified
Others
Tax ID 5313012003
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Onyemaobi • Revel Real Estate