325 327 1/2 Pasadena Avenue

South Pasadena, CA 91030

  • 5 Bed(s)
  • 5 Bath(s)
  • 3,672 Sqft
  • 17468
    Sqft(Lot)
$1,950,000

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.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    47586065

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5

    Bathroom Information

    • Total Baths: 5
    • Full Baths: 5

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1930

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.401
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 17468

  • Listing Price Information

    • Original List Price: 1,950,000
    • Listing Contract Date: 2024-10-07

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5313012003

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 658 - So. Pasadena
    • Postal Code Plus 4: 2904
    • Directions: Take 110 North, exit Orange Grove, right on Orange Grove, left on Pasadena Ave. Destination on the left.
    • Zoning: SPR310000*
    • Source Property Type: Residential
    • Area: 658 - So. Pasadena
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 94
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Total Square Feet Living: 3672
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: Quadruplex
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BuyOwner last updated this listing 12/18/2024 @ 05:56

  • MLS: SW24220453
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 5 bedrooms which is recently sold, it has 3,672 sqft, 17,468 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of South Pasadena , in zip code 91030, this Los Angeles County Home , it is in the Not Applicable Subdivision, are nearby neighborhoods.