Sold
Closed
121 S Chester Avenue
Pasadena CA, 91106
$2,352,000
$211.93 per sqft
Sold
Closed
11,098 sqft
Condo
Built in 1960
Listed by KEVIN LUTZ with Keller Williams Realty/Pasadena 626-429-0685
Situated in the heart of Pasadena, CA, this 12-unit apartment building presents a value-add opportunity, for a patient investor, in one of the most sought-after locations in the city. Boasting a Walk Score of 93, you are near by Cal Tech, Pasadena City College and The Shops on Lake. Built in 1960, this two-story walk-up building is being marketed for the first time in over 40 years. Comprising a mix of 4 one-bedroom/one-bathroom units and 8 two-bedroom/one-and-three-quarter-bathroom units, this property caters to a diverse range of tenants. Each unit features a balcony or patio (except for unit #1, which is the largest 1-bedroom unit), gas forced air heating, and wall air conditioning units. The kitchens are equipped with gas stoves and ovens, tiled countertops and tiled or linoleum floors, while the bathrooms have tiled or linoleum floors and vanities. Living rooms and bedrooms are carpeted. Although interiors have not been upgraded, there is immense potential for renovation and value enhancement. The property is individually metered for gas and electric, with the owner paying for hot water, gardening, trash, and common area electricity. Two 75-gallon hot water heaters serve the building, ensuring ample hot water supply for residents. Parking is provided with 17 tuck-under spaces located below the building; seismic retrofit will need to be done. Additionally, there is space available for a laundry room, offering an opportunity for added convenience and income generation.
WS24091810
MLSⓇ ID
May 7, 2024
Listed
October 1, 2024
Updated
Map
121 S Chester Avenue
Pasadena CA, 91106
Interior Features
Total Stories
2
Appliances
Gas Oven
Laundry Description
None
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Street Level
Sewer
Public Sewer
Other Property Details
Area Name
648 - Pasadena (SE)
Taxes
$34,339
Tax Frequency
Annually
Days on Market
71
Garage
Yes
Garage Spaces
17
Parking
Underground
Parking Total
17
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
PSR4
Listing History
Date | Event | Price |
---|---|---|
8/23/2024 | Sold | $2,352,000 |
7/25/2024 | Pending | — |
5/30/2024 | Active | — |
5/24/2024 | Pending | — |
Listing Contact: 626-204-3300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. 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 10/1/2024 at 9:39 PM UTC