Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSW24220453
MLS Source
California Regional MLS
Days on Site
45
Interior Features
Bedrooms
Primary Suite/Retreat
Appliances
Other
Fireplace
None
Laundry
Other
Cooling
Window/Wall Unit
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Elementary District
South Pasadena Unified
High School District
South Pasadena Unified
HOA Fee
$0
Zoning
SPR310000*
Contact Information
Listing Agent
Michael Onyemaobi
Revel Real Estate
License #: 02179969
Phone: (951) 445-6981
Co-Listing Agent
John Campbell
Revel Real Estate
License #: 01969583
Phone: (310) 279-8117
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
325 -327 1/2 Pasadena Ave is a Quadruplex in South Pasadena, CA 91030. This 3,672 square foot property sits on a 0.401 Acres Lot and features 5 bedrooms & 5 full bathrooms. It is currently priced at $1,950,000 and was built in 1930. This address can also be written as 325 -327 1/2 Pasadena Ave, South Pasadena, CA 91030.
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This listing information is up-to-date as of November 11, 2024. For the most current information, please contact Michael Onyemaobi, (951) 445-6981
