325 -327 1/2 Pasadena Avenue

South Pasadena, CA 91030

PRICE INCREASE

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+$200,000 (+11.43%)

$1,950,000

List Price

5

bed Beds

5

shower Baths

3,672 sqft

straighten / sqft

1930

calendar_month Built

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 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.

Listing Information

List Price $1,950,000
Status Active Under Contract
MLS SW24220453
HOA $0
Type Residential
Subtype Quadruplex
Year Built 1930
Lot Size 17,468
Structure Size 3,672
DOM 13
Courtesy Of Revel Real Estate
Listing Agent Michael Onyemaobi DRE#02179969
Co-Listing Agent John Campbell DRE#01969583

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 5
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Michael Onyemaobi, John Campbell, Revel Real Estate 951-445-6981. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 22nd, 2024 at 4:29 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.