$2,325,000
$2,498,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
8,768 Sqft Lot
SOLD DATE : 11/05/2024
Key Details
Sold Price $2,325,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-18133
Sold Date 11/05/24
HOA Y/N No
Year Built 1950
Lot Size 8,768 Sqft
Property Description
This is your classic mid-century garden apartment building with 8 very easy to rent units and located in prestigious South Pasadena. The location is close to the heart of South Pasadena's business district and a short drive to downtown Los Angeles and Old Town Pasadena. The unit mix consists of (7) 1 bedroom units and (1) 2 bedroom unit catering to a diverse range of tenants. The building has 6,315 square feet of living space and a lot size of 8,767 square feet. The property is individually metered for gas and electricity. A laundry room with a sink is conveniently located on-site. Parking is provided with 8 covered car ports each with their own storage cabinets. A new roof at a cost of over $39,000 was put on in 2018. Tremendous up-side on rents. One vacant unit to immediately bring up to market rent. This property represents a great value-add opportunity for the discerning investor.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Assigned, Covered, Carport, Storage
Carport Spaces 8
Pool None
Community Features Curbs, Suburban, Sidewalks
View Y/N No
View None
Parking Type Assigned, Covered, Carport, Storage
Total Parking Spaces 8
Private Pool No
Building
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
Others
Senior Community No
Tax ID 5320009006
Energy Description 285.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with KEN HUYNH • REMAX MY HOME