$1,950,000
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Pasadena Avenue Avenue South Pasadena, CA 91030
Fourplex
Residence
5
Beds
5
Baths
3,672
Sq. Ft.
0.4
Acre
Lot
Property Activity
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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 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.
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MLS#
SW24220453
Property Type
Fourplex
Status
Active Under Contract
Bedrooms
5
Bathrooms
5 Full
Year Built
1930
Square Feet
3,672
sq. ft
Lot Size
0.4
Stories
1.0
Sewer
Public Sewer
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