325 327 1/2 Pasadena Avenue
South Pasadena, CA 91030
- 5 beds
- 5 baths
- 3,672 sqft
- ~1/2 acre lot
- $531 per sqft
- 1930 build
- – on site
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.
Listed By CRMLS_CA / Michael Onyemaobi / Revel Real Estate / mikeonyemaobi@gmail.com
Last checked:
Checking…
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Last updated Nov 22, 2024
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MLS# SW24220453 —
The Building
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Year Built:1930
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Year Built Source:Public Records
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New Construction:No
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Structure Type:Quadruplex
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Entry Level:1
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Common Walls:No Common Walls
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Total Number Of Units:4
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Stories Total:1
Interior
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Levels:One
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Entry Location:1
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Room Type:Den, Living Room, Primary Bathroom, Primary Bedroom
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Room Dimensions
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Living Area:3672.00
Location
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Directions:Take 110 North, exit Orange Grove, right on Orange Grove, left on Pasadena Ave. Destination on the left.
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Latitude:34.11342400
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Longitude:-118.16769900
The Property
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Property Type:Residential
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Subtype:Quadruplex
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Zoning:SPR310000*
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Lot Features:2-5 Units/Acre
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Lot Size Area:17468.0000
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Lot Size Acres:0.4010
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Lot Size SqFt:17468.00
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Lot Size Source:Assessor
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View:1
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View:Neighborhood, Trees/Woods
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4807.03
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Tax Tract:1118
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Tax Lot:4
Beds
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Total Bedrooms:5
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Main Level Bedrooms:5
Baths
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Total Baths:5
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Full & Three Quarter Baths:5
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Main Level Baths:5
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Full Baths:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5313012003
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Showings Begin:2024-11-08
Heating & Cooling
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:South Pasadena
The Community
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Senior Community:No
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Features:Biking, Dog Park, Golf, Park, Sidewalks
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Pool:None
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Private Pool:No
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Association:No
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Assessments:No
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Assessments:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/21/24
Nov 21, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,950,000 | |
11/8/24
Nov 8, 2024
|
Listed / Active | CRMLS_CA | $1,950,000 |