325 Pasadena Avenue

South Pasadena, CA 91030

$1,950,000
Price
5
Beds
5
Baths
3,672 Sq. Ft.
$531 / Sq. Ft.
3,672
Sq. Ft.
$531
per Sq. Ft.

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.
  1. 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 ID
SOUTH PASADENA (91030)
LISTING UPDATED: 11/11/2024 07:20 PM

Property Details for 325 Pasadena Avenue

StatusActive
MLS #SW24220453
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / All Other Attached
Year Built1930
Lot Size0.40 AC / 17,467 SF
CountyLos Angeles County

Building Information for 325 Pasadena Avenue

Stories1Residences-Year Built1930Lot Size0.40 AC / 17,467 SF

Property Information for 325 Pasadena Avenue

Summary Information
Property and Location
  • System ID: 306294969
  • Class: RESIDENTIAL
  • Residential Styles: All Other Attached
  • Levels: 1 Story
  • Year Built: 1930
  • Street Number Numeric: 325
  • Street Name: Pasadena Avenue
  • Directions To Property: Take 110 North, exit Orange Grove, right on Orange Grove, left on Pasadena Ave. Destination on the left.
Parking
  • Parking Garage Spaces: 0
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $143
  • CFD/Mello-Roos Fee: $1,721
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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.
Interior and Exterior Features
Interior Features
  • Laundry Location: Inside
  • Fireplace: N/K
  • Bedrooms Count: 5
  • Searchable Rooms: Den, Living Room
Exterior Features
  • Pool: N/K
  • Square Footage: 3672
Property Information
Property and Assessments
  • Total Stories: 1
  • Stories in Building: 1
  • Residential Unit Location: No Common Walls
  • Entry Only: No
  • Entry Level Unit: 1
  • Lot Size Source: Assessor Record
  • Site: Sidewalks
  • Zoning: SPR310000*
  • Assessments: N/K
  • Assessors Parcel Num: 5313012003
Utilities
  • Water: Public
  • Sewer/Septic: Public Sewer

Property History for 325 Pasadena Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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325 Pasadena Avenue is a townhouse for sale in South Pasadena, CA 91030. This property was listed for sale on November 8, 2024 by Revel Real Estate, it's currently listed at $1,950,000. This listing's school district is South Pasadena Unified School District. Nearby schools include Arroyo Vista Elementary School, South Pasadena Middle School and South Pasadena Senior High School. 325 Pasadena Avenue is a 5-bed, 5-bath, 3,672 sqft townhouse built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Revel Real Estate, Michael Onyemaobi, DRE #02179969

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.