325 -327 1/2 Pasadena AVE, South Pasadena, CA 91030

South Pasadena, CA 91030,325 -327 1/2 Pasadena AVE

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,950,000

Est. payment | -/mo

5 Beds

5 Baths

3,672 SqFt

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$ 1,950,000

Est. payment | -/mo

Save

5 Beds

5 Baths

3,672 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $531

MLS Listing ID CRSW24220453

Bedrooms 5

Full Baths 5

Originating Board California Regional MLS

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 � 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.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Cooling Window / Wall Unit

Fireplaces Type None

Laundry Other

Exterior

Pool None

View Local/Neighborhood, Forest / Woods

Building

Story One Story

Water District - Public

Others

Tax ID 5313012003

Special Listing Condition Not Applicable , Accepting Backups

Listed by Michael Onyemaobi • Revel Real Estate

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA