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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25215581
HOA Y/N No
Year Built 1948
Lot Size 0.423 Acres
Property Sub-Type Apartment
Property Description
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 many capital improvements such as upgrading several units (including one of the owner's past units) and completed electrical panel upgrades. The property has good unit mix of Two (2) x large 2bedroom+1bathroom, Seven (7) x spacious 1bedroom+1bathroom, and Five (5) Studio units.
The property was very well built, which is visible by looking at the high quality of the units. Each unit has the original hardwood flooring, smooth ceiling, ceiling fans in living room and bedroom, windows a/c and wall heating. The non-upgraded unit has tiled kitchen countertops, with retro gas range with oven, and retro wall heating unit. The owner's previous unit (1515-D) has been fully upgraded with brand new kitchen, brand new bathroom, and in-unit laundry machines.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Attached Carport, Assigned
Garage Spaces 8.0
Garage Description 8.0
Fence Wrought Iron
Pool None
Community Features Suburban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asbestos Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description Lawn, Landscaped, Sprinkler System, Street Level
Faces North
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5319009014
Energy Description 175.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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