325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
325 Pasadena AVE
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$1,750,000

325 Pasadena AVE

5 Beds 5 Baths 3,672 Sq.Ft.

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 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.

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Location

325 Pasadena AVE, SOUTH PASADENA, CA 91030

Status

Sold
Michael  Onyemaobi

Michael Onyemaobi

TITLE

Realtor®

John  Campbell

John Campbell

TITLE

Realtor®

Property Amenities

Interior
Laundry room Inside
Fireplace None
Total Bedrooms: 5
Full Bathrooms: 5
Area & Lot
Lot Area 0.4 Acres
Living area 3,672 Sq.Ft.
MLS® ID SW24220453MR
Year Built 1930
School District South Pasadena
View Description Trees/Woods
Type Multi-Family
Status Sold
Exterior
Stories 1
Pool None
Air conditioning Wall/Window Unit(s)
Water Source Public
Sewer Public Sewer
Finance
Sales Price $1,750,000

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