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334 Pasadena AVE South Pasadena, CA 91030
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Key Details
Sold Price $1,910,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB19168024
Sold Date 10/01/19
HOA Y/N No
Year Built 1961
Lot Size 7,840 Sqft
Property Description
Five units in prime South Pasadena location! 334 Pasadena Avenue is comprised of one 2BD/1BA unit and four 1BD/1BA units, all separately metered for electric and water. The property currently operates at a 24.29 GRM and 2% cap rate and boasts a 70% upside in rents and chance to add additional income from laundry room, storage and parking allowing the building to operate at a GRM of 13.85 and pro forma cap rate of 4.9%. Built in 1961, the property has been well maintained with no deferred maintenance. Great location! Walking distance to Metro stop, close to Arroyo Vista Elementary School and Arroyo Seco Raquet Club. Please email for complete offering package.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Carport Spaces 6
Pool None
Community Features Park
Total Parking Spaces 6
Private Pool No
Building
Lot Description Near Public Transit
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5313010056
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Brian Zuckerman • Buckingham Investments, Inc