325 Pasadena Avenue
South Pasadena, CA, 91030
$1,950,000
5 Beds
5 Baths
3,672 SqFt
0.4 Acres
Add
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.

Property Details

Price:
$1,950,000
MLS #:
SW24220453
Status:
Active
Beds:
5
Baths:
5
Address:
325 Pasadena Avenue
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
658sopasadena
City:
South Pasadena
Listed Date:
Oct 7, 2024
State:
CA
Finished Sq Ft:
3,672
ZIP:
91030
Lot Size:
17,468 sqft / 0.40 acres (approx)
Year Built:
1930
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
None

Exterior

Community Features
Biking, Dog Park, Golf, Park, Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
Neighborhood, Trees/ Woods
Water Source
Public

Financial

Association Fee
0.00

Map

Community

Similar Listings Nearby

325 Pasadena Avenue
South Pasadena, CA