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Sold for $1,750,000 on 12/24/24
  • Listing Provided by: 

    Michael Onyemaobi DRE #02179969 mikeonyemaobi@gmail.com,

    Revel Real Estate,

    John Campbell DRE #01969583 310-279-8117,

    Revel Real Estate

    $1,750,000

    325 327 1/2 Pasadena Ave S, South Pasadena, CA 91030

    5beds
    3,672sqft
    Quadruplex
    Built in 1930
    -- sqft lot
    $1,718,800 Zestimate®
    $477/sqft
    $-- Estimated rent

    What's special

    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 ½ Pasadena Avenue (700 sq. ft.) A 1-bedroom, 1-bathroom unit at 327 ½ 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.

    Zillow last checked: 7 hours ago

    Listing updated: January 13, 2025 at 04:40pm

    Listing Provided by:

    Michael Onyemaobi DRE #02179969 mikeonyemaobi@gmail.com,

    Revel Real Estate,

    John Campbell DRE #01969583 310-279-8117,

    Revel Real Estate

    Bought with:

    Julia Zhao, DRE #01411270

    Re/Max Elite Realty

    Source: CRMLS,MLS#: SW24220453MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    • Main level bathrooms: 5
    • Main level bedrooms: 5
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,672 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood, Trees/Woods
    Lot
    • Size: 0.40 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5313012003
    • Zoning: SPR310000*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Dog Park, Golf, Park, Sidewalks
    Location
    • Region: South Pasadena

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
    Services availability
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    Estimated market value

    $1,718,800