$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
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

Nearby Schools

Local Sales

Patrick Wood

Broker/Owner