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.
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
Owner options
What's special
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#: WS24044685
Originating 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