$7,225,000
$6,250,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
0.77 Acres Lot
SOLD DATE : 08/27/2021
Key Details
Sold Price $7,225,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS21141761
Sold Date 08/27/21
HOA Y/N No
Year Built 1955
Lot Size 0.770 Acres
Property Description
Meridian Terrace Apartments is a one-of-a-kind, sixteen-unit, trophy multifamily investment property located in prime South Pasadena is comprised of one three bedroom, two bathroom single family residence; a thirteen-unit apartment complex consisting of twelve, two bedroom, one bathroom units and one, three bedroom, two bath custom penthouse apartment; and finally one duplex with two, two bedroom one bathroom apartment units. 1722 Meridian Avenue - Single family residence (3 x 2) has been completely renovated from floor to ceiling with custom recessed lighting, quartz kitchen/bathroom counters, gas living room fireplace, central air/heat, new stainless steel appliances, including gas washer and dryer hookups. There is an outside patio and rear yard. Building also has a pitched composition shingled roof. 1724 Meridian Avenue - This three-story, wood frame, multifamily apartment building was custom built by the original owner with style and comfort in mind. Approximately seven of the two-bedroom, one bath units have been upgraded. Units 1724 A, B, C, and E have large yards. Each additional unit has either a patio, balcony or both. Tenants also benefit from a common area laundry room. The custom penthouse apartment boasts spectacular views from its two large patio decks. This luxurious 2,000 plus square foot penthouse has a private elevator and has been renovated with custom flooring, lighting, gas living room/dining room fireplace, kitchen/bath quartz counters, stainless steel appliances including gas washer and dryer hookups. Building also has a slightly pitched, rolled composition shingled roof. 1728-1730 Meridian Avenue - This charming one-story over garages, wood frame duplex has also been renovated with a gas living room fireplace in each of the units. There are original wood floors and gas washer and dryer hookups. Each unit has a one car garage and one additional open parking space in the front driveway. There is also a shared, well-groomed front yard. Building also has a pitched composition shingled roof. **1722 Meridian Avenue - Part of the SFR garage has been converted into a bathroom without benefit of permit. Buyer to verify information to their satisfaction. ** Modifications may have been made to the SFR and duplex without permits. DRIVE BY ONLY. DO NOT DISTURB TENANTS. **COURT CONFIRMATION SALE WITH OVERBIDS**
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Detached Carport, Garage, Tandem, Uncovered
Garage Spaces 2.0
Carport Spaces 14
Garage Description 2.0
Pool None
Community Features Curbs
Total Parking Spaces 21
Private Pool No
Building
Lot Description Sloped Up, Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5319033025
Energy Description 946.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Trust
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Bought with KEVIN LUTZ • PASADENA MARKET CENTER
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "