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.
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
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#: SW24220453
Originating 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