325 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.
Last checked:
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Last updated Nov 11, 2024
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MLS# CRSW24220453 —
The Building
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Year Built:1930
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Stories:1
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Levels:One Story
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Entry Level:1
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Building Area Total:3672
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Building Area Units:Square Feet
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Building Area Source:Assessor Agent-Fill
Interior
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Interior Features:Den
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:3672
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Living Area Units:Square Feet
Location
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Directions:Take 110 North, exit Orange Grove, right on Orange
The Property
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View:Trees/Woods
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Size Area:0.401
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Lot Size Acres:0.401
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Lot Size SqFt:17468
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Lot Size Units:Acres
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Zoning:SPR3
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Parcel Number:5313012003
Listing Agent
- Contact info:
- Agent phone:
- (951) 445-6981
Taxes
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Tax Tract:4807.03
Beds
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Bedrooms Total:5
Baths
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Total Baths:5
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Full Baths:5
The Listing
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Listing TermsCash
Heating & Cooling
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Cooling:Wall/Window Unit(s)
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:Inside
Schools
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High School District:South Pasadena Unified
The Community
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Pool Private:false
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Pool Features:None
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Association:false
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Association Amenities:Dog Park
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# of Units In Community:4
Parking
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Garage:false
Monthly cost estimate
Asking price
$1,950,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,441
|
| Taxes | N/A |
| Insurance | $536 |
| Utilities | $208 See report |
| Total | $11,185/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
|
Listed / Active | BRIDGE | $1,950,000 |
57% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $191k above asking price on average, but some went as high as $512k over asking price.
