$2,207,000
$1,998,000
10.5%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
5 Baths
4,838 SqFt
SOLD DATE : 03/19/2021
Key Details
Sold Price $2,207,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,838 sqft
Price per Sqft $456
MLS Listing ID P1-3085
Sold Date 03/19/21
Bedrooms 9
Full Baths 4
Three Quarter Bath 1
HOA Y/N No
Year Built 1926
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Incredibly Rare Opportunity to own a fourplex in South Pasadena. Property consists of a house with 3 additional units in an adjacent building on a 8,976 SF lot with a total of 4,838 SF of interior space. All units are currently fully occupied with great tenants in place on month-to-month leases. New owners can choose to live in one unit while collecting income from the other 3 units. The owner covers water, trash and gardening with all other utilities are covered by the tenants (electricity and gas separately metered). Current CAP Rate is 3.89% on the below market rents and can be improved to an estimated 5.72% CAP Rate. Portions of the property have been updated with paint, appliances (dishwasher & range), window AC, and central heat. Units have mixed flooring which includes hardwood and carpet floors with the main house having its own private balcony. Each unit has its own assigned garage and patios to enjoy lounging in great weather, summer BBQ's, and al fresco dining.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Interior Features Built-in Features, Balcony, Ceiling Fan(s), Crown Molding, Tile Counters
Heating Central
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl, Wood
Fireplaces Type Living Room, Outside
Fireplace Yes
Appliance Dishwasher, Water Heater
Exterior
Garage Assigned, Garage, On Street
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Brick
Pool None
Community Features Curbs, Street Lights
View Y/N Yes
View Trees/Woods
Porch Patio
Parking Type Assigned, Garage, On Street
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Flag Lot, Lawn, Landscaped, Sprinklers Timer, Sprinkler System
Faces Southwest
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District South Pasadena
Others
Senior Community No
Tax ID 5319036009
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
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Bought with Meg Middleman • Century 21 Masters