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Listed by Michael Onyemaobi • Revel Real Estate
$ 1,250,000
Est. payment /mo
Active Under Contract
329 Pasadena Avenue South Pasadena, CA 91030
4 Beds
4 Baths
1,660 SqFt
UPDATED:
12/21/2024 02:20 PM
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,660 sqft
Price per Sqft $753
MLS Listing ID SW-24218961
Bedrooms 4
Full Baths 4
Year Built 1923
Lot Size 6,961 Sqft
Property Description
This charming duplex, located at 329 & 329 1/2 Pasadena Avenue, offers two spacious 2-bedroom, 2-bathroom units ideal for both investors and owner-occupants. Each unit features a well-appointed layout with a den, formal dining room, living room with in-unit laundry, and front and back patios, totaling 830 sq. ft. The second unit will be delivered vacant, providing flexibility for future leasing or owner-occupation. With a total building square footage of 1,660 sq. ft., this property is competitively priced at $1,250,000, reflecting $753 per square foot. Positioned near popular local attractions, shopping, and the coveted South Pasadena school district, this duplex offers a strong long-term investment with potential for rental income growth. Recent comps in the area suggest market rates for these units could range between $2.50 and $3.86 per sq. ft., presenting an opportunity for even higher returns in this sought-after neighborhood. Furthermore, both the duplex and the adjacent four-unit property can be combined for a total asking price of $3,200,000, with significant potential for future density development.
Location
State CA
County Los Angeles
Zoning SPR310000*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Biking, Dog Park, Golf, Park, Sidewalks
View Y/N Yes
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer