325 Pasadena Avenue
$1,950,000
5
5
3,672
3,672
$531
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...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 Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 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.
- Listed by Michael Onyemaobi • DRE #02179969 • Brokerage DRE #02014153 • Revel Real Estate
Property Details for 325 Pasadena Avenue
View Description
Neighborhood, Trees/Woods
City Postal IDSOUTH PASADENA (91030)
LISTING UPDATED: 11/11/2024 07:20 PM
Property Details for 325 Pasadena Avenue
Status | Active |
---|---|
MLS # | SW24220453 |
Days on Market | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential / All Other Attached |
Year Built | 1930 |
Lot Size | 0.40 AC / 17,467 SF |
County | Los Angeles County |
Building Information for 325 Pasadena Avenue
Stories1Residences-Year Built1930Lot Size0.40 AC / 17,467 SF
Property Information for 325 Pasadena Avenue
Property History for 325 Pasadena Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 325 Pasadena Avenue
Taxable ValueLand$121,837Additions$54,530Total$176,367
Tax Record2024$3,785 ($315 / month)
Home Facts
Total Finished SqFt3,076 SqFtAbove Grade Finished SqFt3,076 SqFtLot Size17,463 SqFtStyleQuadraplexYear Built1930ZoningSPR310000*CountyLOS ANGELESAPN5313-012-003
Schools near 325 Pasadena Avenue
This home is within South Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 12 |
Rating | School | Distance |
---|---|---|
Arroyo Vista Elementary School PublicK to 5 | ||
South Pasadena Middle School Public6 to 8 | ||
South Pasadena Senior High School Public9 to 12 | ||
Free World U PrivateK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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