612 Fremont AVE, South Pasadena, CA 91030 – AR25231405

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$3,750,000

Est. payment - /mo

9,949 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25231405

Construction Status Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1965

Annual Tax Amount $43,469

Lot Size 9,949 Sqft

Property Sub-Type Apartment

Property Description

8-unit Value-add in South Pasadena (NO LOCAL Rent Control), Excellent Location steps to Mission Street Downtown District, Large building and Excellent Unit Mix, Excellent Curb Appeal, First Time for Sale Since 1989, South Pasadena School District, Exceptional Demographics.

This is the first time this property is being offered for sale since 1989! 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 near Downtown South Pasadena on Fremont Ave and Mission Street, this property is only steps away from Mission Street Downtown District, and walking distance from all the shopping, dining, and area amenities on Mission St and Fair Oaks Ave. It has Exceptional demographics with over $184,503 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District.

The property is a 2-story garden style apartment with a well-manicured front lawn. It offers excellent unit mix with four (4) x 2bedroom+1bathroom, and four (4) x 1bedroom+1bathroom units. The property has a total of 6,540SF living space (avg unit size: ±818 SF– buyer to verify), was built in 1965 with distinctive Mid-Century Modern architecture and sits on a large 9,948 SF R3 zoned lot.

The owner has made many capital improvements such as upgrading all the windows & sliders to Triple-pane windows. Four of the central HVAC units were recently replaced (±4 years ago), plumbing has been upgraded to copper (±4 years ago), and the exterior building was painted last year (buyer to verify all the capex).

Each unit is large and has wood flooring, semi-private patio area, and some units have euro style kitchen cabinets, stainless steel kitchen appliances (refrigerator, gas range, and microwave). There is a dining area in each unit, and ceiling fans in each bedroom. Each unit has plenty of linen cabinets, and large bathroom. The 2 bedroom has an unusually large bathroom. Unit #3 has an EV Charging station in the parking area.

Each unit is individually metered for electricity, gas is master metered. The property has a shared laundry room (leased) and master water heater. Parking is provided via 12 garage spaces split between carport and tuck-under spaces.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 12.0

Garage Description 12.0

Fence None

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 Flat

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Lot Description Level, Near Public Transit, Rectangular Lot, Street Level

Faces West

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 5315001037

Energy Description 1776.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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612 Fremont AVE South Pasadena, CA 91030

Sean Beattie Jr.

Key Details

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