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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-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 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.
Property Type(s):
Multi Family
| Last Updated | 11/8/2024 | Year Built | 1930 |
|---|---|---|---|
| Community | So. Pasadena | County | Los Angeles |
SCHOOLS
| School District | South Pasadena |
|---|
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | So. Pasadena |
| HOA DUES | 0 |
| LOT | 0.4 acre(s) |
| LOT DESCRIPTION | 2-5 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood,Trees/Woods |
| WATER | Public |
| ZONING | SPR310000* |
Location
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Listed with Revel Real Estate
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