$2,310,000
$2,200,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1601 Fremont AVE South Pasadena, CA 91030
0.37 Acres Lot
Key Details
Sold Price $2,310,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21000301
Sold Date 02/12/21
HOA Y/N No
Year Built 1949
Annual Tax Amount $5,293
Lot Size 0.370 Acres
Property Description
First time on the market in 46 years. Six generously sized units totaling 6,695 sq ft on a large corner lot sized at 16,308 sq ft. Tenants enjoy a good sized enclosed shared back yard with lawn. The parking area has just been newly paved, with 8 carport spaces, and one uncovered parking space. Exterior was painted in 2019. This property is very walkable with a Walkscore of 81. Within walking and biking distance to local restaurants, parks, shops, and schools. Located in one of the best ranked school districts, the High School and Middle School are only a block away. Both the Metro Gold Line and Metro bus lines are less than one mile away. The apartments are easy to rent due to the convenient location and excellent School District. The property offers generously sized units, onsite community laundry, and covered parking. The tenants are month-to-month and are long-time tenants, and the current rental incomes are significantly below market. In such an excellent location, buyers can quickly add value and increase the income. PLEASE DO NOT DISTURB THE TENANTS. Offer subject to inspection. Buyer to cooperate with seller’s 1031 exchange. Due to Covid-19, please email signed CAR PEAD form to listing agent before any showing appointment. Masks must be worn at all times. Agent to present at all showings. It is Buyer's sole responsibility to perform investigations (square footage, lot size, lot dimensions, permits) and satisfy themselves.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Oven, Gas Range
Laundry Common Area
Exterior
Parking Features Asphalt, Carport
Carport Spaces 8
Pool None
Community Features Sidewalks
Accessibility Parking
Total Parking Spaces 9
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Irregular Lot, Lawn, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5319023001
Energy Description 349.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with KATHLEEN YUE • FORTUNA REAL ESTATE & DEV.