31
See all 31 photos
$3,595,000
Est. payment /mo
9,948 Sqft Lot
Price Dropped by $155K
612 Fremont AVE South Pasadena, CA 91030
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25231405
Year Built 1965
Lot Size 9,948 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Rooms
Kitchen Oven Range - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 12.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5315001037
Special Listing Condition Not Applicable
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