325 Pasadena Avenue South Pasadena, CA 91030

Single Family Residence

5 Beds

5 Baths

3,672 Sq. Ft.

0.4 Acre Lot

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Last updated on 11/14/2024 1:33 PM

Listing Details

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-bedr...oom, 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 Â½ Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 Â½ 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. Continue reading

MLS#

CRSW24220453

Property Type

Single Family

Bedrooms

Bathrooms

5 Full

Year Built

1930

Square Feet

3,672 sq. ft

Lot Size