Listed by Han Chen with Growth Investment Group Pasade

1728 Grevelia Street

South Pasadena, CA, 91030

$3,500,000

$508 per ft²
$3,500,000
$508 per ft²
Active
Active
 - For Sale
carpenters-square
6,880 ft²
property_type
Multi-family
calendar
Built 1951
1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of ±$153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a ±9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of storage cabinets, and much more. Six units have been completely upgraded with new kitchen, in-unit stacked laundry, new bathroom, new ductless mini-split A/C system, and much more. Due to its superb and convenient location and an excellent school district, the property enjoys very low vacancy rate. The property is strategically situated on Grevelia Street crossing Fair Oaks Ave and within walking distance to the Mission Street Downtown District, Fair Oaks Avenue Retail District, restaurants, shopping, city hall and all amenities the City of South Pasadena has to offer. It also offers excellent access to downtown Los Angeles via 110 Freeway. Access to nearby amenities such as Old Town Pasadena, South Lake Avenue District, Pasadena Playhouse District, and Huntington Hospital are within minutes.
MLS® ID:
AR23018903
Listed:
1/31/23
Updated:
3/21/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Fireplace
None
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
9,212 ft² lot
Lot Details
Near Public Transit
Sewer
Public Sewer

Other Property Details

Area Name
658 - So. Pasadena
Association Amenities
Suburban, Valley
Garage
No
Parking
Assigned, Carport
Parking Total
8.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
SPR310000*
Buyer Agency Compensation
1.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/21/23 at 7:46 AM UTC

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