South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
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$1,750,000

$1,950,000

10.3%
Est.Price: ?

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Est. payment /mo

5 Beds

5 Baths

3,672 SqFt


SOLD DATE : 12/24/2024

Key Details

Sold Price $1,750,000

Property Type Condo

Sub Type All Other Attached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $476

MLS Listing ID SW24220453

Sold Date 12/24/24

Bedrooms 5

Full Baths 5

Year Built 1930

Property Sub-Type All Other Attached

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.

Location

State CA

County Los Angeles

Zoning SPR310000*

Direction Take 110 North, exit Orange Grove, right on Orange Grove, left on Pasadena Ave. Destination on the left.

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

View Neighborhood, Trees/Woods

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Special Listing Condition Standard

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Michael & Jessica Solis

Michael & Jessica Solis

+1(760) 889-9374

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Router / San Diego MLS
Listed by Michael Onyemaobi Revel Real Estate
Bought with Julia Zhao Re/Max Elite Realty
Michael & Jessica Solis

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 889-9374

mike@solisteamre.com

206 N Freeman St, Oceanside, CA, 92054, United States

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