South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
South Pasadena, CA 91030,325 Pasadena Avenue
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Listed by Michael Onyemaobi • Revel Real Estate
$ 1,950,000
Est. payment | /mo

5 Beds

5 Baths

3,672 SqFt


Save
$ 1,950,000
Est. payment | /mo
Save

5 Beds

5 Baths

3,672 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $531

MLS Listing ID CRSW24220453

Bedrooms 5

Full Baths 5

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1930

Lot Size 0.401 Acres

Property 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 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.

Location

State CA

County Los Angeles

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Pool None

Amenities Available Dog Park

View Trees/Woods, Other

Private Pool false

Building

Story 1

Water Public

Schools

School District South Pasadena Unified

Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

Vander Meulen Real Estate Group

Broker, REALTOR® | Lic# 00842213 | Lic# 02150745

+1(925) 798-4663

800 S Broadway, Walnut Creek, CA, 94596, USA

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325 Pasadena Avenue