$1,950,000
Beds:
5
Baths:
5
Sqft:
3,672
Sqft lot:
17,467
Acre lot:
0.40
21 Days On Market -
Property listed by Revel Real Estate, Michael Onyemaobi mikeonyemaobi@gmail.com
Status:
Activeundercontract
Property Type:
Quadruplex
Year Built:
1930
Days On Website:
21
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.
Features
Bathrooms
- 5 main level bathrooms
- 5 full bathrooms
- 5 total bathrooms
Bedrooms
- 5 main level bedrooms
- 5 total bedrooms
Building
- Built in 1930
- Levels: One
- Living area: 3672
- 1 story
- Common walls: NoCommonWalls
Community
- Biking
- DogPark
- Golf
- Park
- Sidewalks
Cooling
- WallWindowUnits
Fireplaces
- None
Laundry
- Inside
Listing
- ListingID: SW24220453
- Standard status: ActiveUnderContract
- 13 days on market
Location
- Country: US
Lot
- 0.401 acres
- 17,468 square feet
- Size: 17,468
- TwoToFiveUnitsAcre
Pool
- None
Property
- Zoning: SPR310000*
- Neighborhood
- TreesWoods
Sewer
- PublicSewer
Property Map
Map View
$1,950,000 - 325 -327 1/2 Pasadena Avenue, South Pasadena, CA 91030
Street View
Directions
325 -327 1/2 Pasadena Avenue
South Pasadena, CA 91030
Country: US