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$5,295,000
Est. payment /mo
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25215581
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
14-unit Trophy Asset in South Pasadena (NO LOCAL Rent Control), Excellent Location in the heart of South Pasadena steps from So Pas Middle School, South Pasadena Unified School District, Superb Mid-Century Modern Architecture, Excellent Curb Appeal, First Time for Sale Since 1976, High Quality units and Large units. A True Trophy Mid-Century Modern 14-unit apartment in one of the best locations in the City of South Pasadena, California. This is the first time this property is being offered for sale since 1976 (49 years)! City of South Pasadena apartment market does not have any local rent control, and it has always been known as a high-barrier-to-entry and no inventory market as there are always very limited numbers of multifamily community offered for sale. Situated in the heart of South Pasadena on Huntington Dr and Fair Oaks Ave, this Gem is only steps away from So Pas Middle School on Fair Oaks, and just minutes away from all the shopping, dining, and area amenities on Fair Oaks Ave and Mission St Downtown District. It has Exceptional demographics with over $159,143 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District. The property consists of 2 separate buildings with center landscape area. The main building is a two-story walk-up apartment, and the 2nd building is a single story fourplex. It has fabulous landscaping with well-manicured lawn, a fruit tree, and flowering trees. The property was built in 1948 with distinctive Mid-Century Modern architecture and sits on a large 18,243 SF R3 zoned lot. The owner has made
Location
State CA
County Los Angeles
Zoning Assessor
Direction southeast corner of Huntington Dr and Fair Oaks Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5319009014
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Listed by Handoko Chen Growth Investment Group Pasade
