South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
14
Listed by Michael Onyemaobi • Revel Real Estate
$1,750,000
$1,950,000
10.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5 BD
5 BA
3,672 SqFt

325 Pasadena Avenue South Pasadena, CA 91030

Est. payment /mo
SOLD DATE : 12/24/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,750,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $476

MLS Listing ID SW-24220453

Sold Date 12/24/24

Bedrooms 5

Full Baths 5

Year Built 1930

Lot Size 0.401 Acres

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 1/2 Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 1/2 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

Zoning SPR310000*

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Laundry Inside

Exterior

Pool None

Community Features Biking, Dog Park, Golf, Park, Sidewalks

View Y/N Yes

View Trees/Woods

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Read Less


GET MORE INFORMATION

agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.