$1,550,000
$1,695,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
0.37 Acres Lot
SOLD DATE : 08/10/2023
Key Details
Sold Price $1,550,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23078409
Sold Date 08/10/23
HOA Y/N No
Year Built 1937
Lot Size 0.367 Acres
Property Sub-Type Apartment
Property Description
Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot.
The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the six single car garages to two ADUs. It's perfect for owner occupancy, where you can enjoy the beauty of the 3-bed, 2.5-bath house and earn additional income from the other 4 units.
Conveniently located with easy freeway access and just minutes from Old Town, this property is highly desirable and in-demand for renters. It's also situated within a short distance from Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Plus, you'll have easy access to all the fine restaurants on Colorado Boulevard.
Whether you're looking to invest, develop, or live in this hidden gem, this property has limitless potential. Don't miss out on this rare opportunity to own a piece of Southwest Pasadena's best-kept secret.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR3
Interior
Heating Wall Furnace
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Urban
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5754006017
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with LILLIAN YIN Pinnacle Real Estate Group
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