CA > South Pasadena
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$1,950,000
Est. payment /mo
5 Beds
5 Baths
3,672 SqFt
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UPDATED:

11/11/2024 10:16 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $531

MLS Listing ID CRSW24220453

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1930

Lot Size 0.401 Acres

Acres 0.401

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 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.

Location

State CA

County Los Angeles

Area Listing

Zoning SPR3

Interior

Interior Features Den

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Pool None

View Y/N true

View Trees/Woods, Other

Private Pool false

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One Story

New Construction No

Schools

School District South Pasadena Unified

Others

Tax ID 5313012003

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Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Onyemaobi • Revel Real Estate

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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325 Pasadena Avenue