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Listed by Handoko Chen • Growth Investment Group Pasade
$3,750,000
Est. payment /mo
6,540 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,540 sqft
Price per Sqft $573
MLS Listing ID CRAR25231405
HOA Y/N No
Year Built 1965
Lot Size 9,948 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
8-unit Value-add in South Pasadena (NO LOCAL Rent Control), Excellent Location steps to Mission Street Downtown District, Large building and Excellent Unit Mix, Excellent Curb Appeal, First Time for Sale Since 1989, South Pasadena School District, Exceptional Demographics. This is the first time this property is being offered for sale since 1989! 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 near Downtown South Pasadena on Fremont Ave and Mission Street, this property is only steps away from Mission Street Downtown District, and walking distance from all the shopping, dining, and area amenities on Mission St and Fair Oaks Ave. It has Exceptional demographics with over $184,503 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District. The property is a 2-story garden style apartment with a well-manicured front lawn. It offers excellent unit mix with four (4) x 2bedroom+1bathroom, and four (4) x 1bedroom+1bathroom units. The property has a total of 6,540SF living space (avg unit size: ±818 SF– buyer to verify), was buil
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Flooring Laminate, Vinyl, Wood
Fireplace No
Window Features Triple Pane Windows
Laundry Common Area, Other
Exterior
View None
Building
Lot Description Level, Other
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613