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

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