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.
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
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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
- Address325 Pasadena Avenue South Pasadena CA
- Area658 – So. Pasadena
- CitySouth Pasadena
- CountyLos Angeles
- Zip Code91030
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Courtesy of Revel Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
325 Pasadena Avenue
South Pasadena, CA
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