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Sold for $3,825,000 on 09/19/24
  • Listing Provided by: 

    Jinglin YUE DRE #02083986 310-388-3761,

    COMPASS

    Bought with: Monica Vu, Broker
    $3,825,000

    1728 Grevelia St, South Pasadena, CA 91030

    10beds
    8baths
    6,880sqft
    Multi Family
    Built in 1951
    -- sqft lot
    $3,745,900 Zestimate®
    $556/sqft
    $3,201 Estimated rent

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    $3,201/mo

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    $3,201/mo

    Rent Zestimate®

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    $23,702/mo

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    $23,702/mo

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    What's special

    Embark on a journey of discovery as you welcome the distinctive allure of 1728 Grevelia St, situated on the renowned Grevelia Street in South Pasadena, CA 91030. Enjoying an enviable location in one of the city's most sought-after neighborhoods, this residence offers more than a mere investment opportunity—it's an invitation to be part of an affluent community and embark on a lucrative real estate journey. Uniquely positioned at the crossroads of Fair Oaks Ave and Grevelia Street, within a leisurely stroll to the vibrant Fair Oaks Ave Retail corridor and the charming Mission Street Downtown District, this property is a standout in terms of location, promising sustained demand and high occupancy rates. The strategic placement ensures not only convenience for residents but also maximizes the property's visibility, enhancing its long-term value. Constructed in 1951, this two-story garden-style apartment exudes timeless elegance, preserving a piece of South Pasadena's rich history. The unit mix is a careful curation, featuring two (2) spacious 2-bed+1-bath residences and six (6) generously-sized 1-bed+1-bath units, all adorned with abundant natural light, creating a desirable living environment for tenants. Parking is effortlessly managed with designated carport spaces at the rear of the property, ensuring convenience and security. Each unit is meticulously designed with original hardwood floors, laminate countertops, tiled bathrooms, individual water heaters, and ample storage cabinets, marrying classic aesthetics with modern functionality. Recent major capital improvements have significantly enhanced the property's overall appeal, showcasing a commitment to quality and ensuring minimal future maintenance costs for the discerning investor. This, coupled with the carefully curated unit mix and strategic location, positions 1728 Grevelia Street as a unique investment opportunity with substantial upside potential. Explore the allure of future value appreciation and secure your stake in this distinguished property. delve into the endless possibilities that 1728 Grevelia Street holds. Don't miss your chance to transform this property into your next real estate success story and enjoy the unparalleled benefits of owning a piece of South Pasadena's rich history.

    Zillow last checked: 8 hours ago

    Listing updated: January 13, 2025 at 04:42pm

    Listing Provided by:

    Jinglin YUE DRE #02083986 310-388-3761,

    COMPASS

    Bought with:

    Monica Vu, DRE #02088696

    Monica Vu, Broker

    Source: CRMLS,MLS#: WS24044685MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 8
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,880
    • Total interior livable area: 6,880 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage
    • Garage spaces: 8
    Features
    • Entry location: Main
    • Pool features: None
    Lot
    • Size: 9,215 sqft
    Details
    • Parcel number: 5318003004
    • Zoning: SPR310000*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban, Valley
    Location
    • Region: South Pasadena

    HOA & financial

    Other financial information
    • Total actual rent: 18933

    Other

    Other facts
    • Listing terms: Cash to New Loan
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    Estimated market value
    $3,745,900