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Key Details
Sold Price $1,250,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,660 sqft
Price per Sqft $753
MLS Listing ID SW24218961
Sold Date 12/24/24
Bedrooms 4
Full Baths 4
Year Built 1923
Property Sub-Type Townhome
Type of Financing Cash,Conventional,Exchange,FHA
Property Type Townhome
Property Description
This charming duplex, located at 329 & 329 Pasadena Avenue, offers two spacious 2-bedroom, 2-bathroom units ideal for both investors and owner-occupants. Each unit features a well-appointed layout with a den, formal dining room, living room with in-unit laundry, and front and back patios, totaling 830 sq. ft. The second unit will be delivered vacant, providing flexibility for future leasing or owner-occupation. With a total building square footage of 1,660 sq. ft., this property is competitively priced at $1,250,000, reflecting $753 per square foot. Positioned near popular local attractions, shopping, and the coveted South Pasadena school district, this duplex offers a strong long-term investment with potential for rental income growth. Recent comps in the area suggest market rates for these units could range between $2.50 and $3.86 per sq. ft., presenting an opportunity for even higher returns in this sought-after neighborhood. Furthermore, both the duplex and the adjacent four-unit property can be combined for a total asking price of $3,200,000, with significant potential for future density development.
Location
State CA
County Los Angeles
Zoning SPR310000*
Direction Take 110 North, exit Orange Grove, right on Orange Grove, left on Pasadena Ave. Destination on the left.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
View Neighborhood
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
Special Listing Condition Standard
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Bought with Julia Zhao Re/Max Elite Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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