325 -327 1/2 Pasadena Avenue, South Pasadena, CA 91030
-
Listed Price :
$1,950,000
-
Beds :
5
-
Baths :
5
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Property Size :
3,672 sqft
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Year Built :
1930
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.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
5 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
325 -327 1/2 Pasadena Avenue |
| City |
South Pasadena |
| State |
CA |
| Zip |
91030 |
| County |
Los Angeles |
| Listing Agent |
Michael Onyemaobi DRE #02179969 |
| Co-Listing Agent |
John Campbell DRE #01969583 |
| Courtesy Of |
Revel Real Estate |
| List Price |
$1,950,000 |
| Status |
Active Under Contract |
| Type |
Residential |
| Subtype |
Quadruplex |
| Structure Size |
3,672 |
| Lot Size |
17,468 |
| Year Built |
1930 |
Listing information courtesy of: Michael Onyemaobi, John Campbell, Revel Real Estate. *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.
