Under contract
325 Pasadena AVE
SOUTH PASADENA CA, 91030
$1,950,000
$531.05 per sqft
Under contract
5 Beds
5 Baths
3,672 sqft
Multi-family
Built in 1930
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.
SW24220453MR
MLSⓇ ID
November 8, 2024
Listed
December 21, 2024
Updated
Map
325 Pasadena AVE
SOUTH PASADENA CA, 91030
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
5
Full Bathrooms
5
Laundry Description
Inside
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.4 Acres
Sewer
Public Sewer
School Information
School District
South Pasadena
Other Property Details
Area Name
South Pasadena
Days on Market
43
Garage
No
Parking Total
0
View
Yes
View Description
Trees/Woods
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
SPR310000*
Listing History
Date | Event | Price |
---|---|---|
11/22/2024 | Under contract | — |
11/8/2024 | Active | — |
11/8/2024 | Price change | $1,950,000 11% |
Listed by Michael Onyemaobi with Revel Real Estate
Listing Contact: 951-445-6981
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Carolyn LoBugilo | CA DRE# 01925815 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/21/2024