325 Pasadena Avenue Save Request In-Person Tour Request Virtual Tour
South Pasadena,CA 91030
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $531
MLS Listing ID SW-24220453
Bedrooms 5
Full Baths 5
Year Built 1930
Lot Size 0.401 Acres
Property 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 1/2 Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 1/2 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.
Location
State CA
County Los Angeles
Zoning SPR310000*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Biking,Dog Park,Golf,Park,Sidewalks
View Y/N Yes
View Trees/Woods
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer