350 Pasadena Avenue,  South Pasadena CA, 91030 (Residential Income)

10,401 sqft
Status: Sold
MLS#: CV15108081
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Last Updated: 12/9/2016 6:51 PM
Description for 350 Pasadena Avenue South Pasadena, CA 91030
We are pleased to exclusively offer for sale the 350 Pasadena. If you are looking for a trophy property this is the one! This meticulously maintained 10 unit Multi-Family property consists of 7 over-sized 2-Bedroom & 1 Bathroom Units, and 3 Large 1- Bedroom & 1-Bath Units. The property has frontage on both Arroyo Drive as well as Pasadena Ave. Unit amenities include; private staircases as second entry, over-sized living rooms, kitchens and bedrooms, majority of the rental units offer separate shower stall in addition to bathtub, private dining areas separate of the kitchens, as well as onsite car-port parking and a laundry facility. The overall layout of the interior of the rental units is very desirable and unique making them quit attractive to the local tenant base. There is a courtyard nestled behind the first building which offers the tenants a secluded retreat area. This investment has been owned by the same family for a number of years and offers a new investor substantial upside in rental income. Location is Grade-A situated directly across the street from the Arroyo Sacco Golf Course, and minutes to the Farmer’s Market, schools and transportation.
Price
Sold Price:
$3,200,000
Sold Date:08/18/2015
Los Angeles
10,401 (approx)
CV15108081
Closed
Description
We are pleased to exclusively offer for sale the 350 Pasadena. If you are looking for a trophy property this is the one! This meticulously maintained 10 unit Multi-Family property consists of 7 over-sized 2-Bedroom & 1 Bathroom Units, and 3 Large 1- Bedroom & 1-Bath Units. The property has frontage on both Arroyo Drive as well as Pasadena Ave. Unit amenities include; private staircases as second entry, over-sized living rooms, kitchens and bedrooms, majority of the rental units offer separate shower stall in addition to bathtub, private dining areas separate of the kitchens, as well as onsite car-port parking and a laundry facility. The overall layout of the interior of the rental units is very desirable and unique making them quit attractive to the local tenant base. There is a courtyard nestled behind the first building which offers the tenants a secluded retreat area. This investment has been owned by the same family for a number of years and offers a new investor substantial upside in rental income. Location is Grade-A situated directly across the street from the Arroyo Sacco Golf Course, and minutes to the Farmer’s Market, schools and transportation.
Listing Information
Property Type: Cluster, Other
0.33 Acres 14,547 sq.ft. 10,401 (approx)
1954
Public Water Service
Sewer at Street
10 Total
Neighborhood
Room Information
Exterior / Lot Features
10 Parking Spaces
None
No Pool
Gutters, Sidewalks, Street Lights, Curbs Walk
Financial Considerations
5313010064
$6,359
$174,600 Income ,$72,160Expense
Listing Price History

South Pasadena Real Estate

South Pasadena is located in California. South Pasadena, California 91030 has a population of 25,603.

The median household income in South Pasadena, California 91030 is $84,185. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in South Pasadena 91030 is 38.8 years.

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Courtesy: RE/MAX 2000 KRISTOPHER GERMAN
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