South Pasadena, CA 91030,1601 Fremont AVE
South Pasadena, CA 91030,1601 Fremont AVE
South Pasadena, CA 91030,1601 Fremont AVE
South Pasadena, CA 91030,1601 Fremont AVE
South Pasadena, CA 91030,1601 Fremont AVE
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$2,310,000

$2,200,000

5.0%
Est.Price: ?

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Est. payment /mo

0.37 Acres Lot


SOLD DATE : 02/12/2021

Key Details

Sold Price $2,310,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR21000301

Sold Date 02/12/21

HOA Y/N No

Year Built 1949

Annual Tax Amount $5,293

Lot Size 0.370 Acres

Property Description

First time on the market in 46 years. Six generously sized units totaling 6,695 sq ft on a large corner lot sized at 16,308 sq ft. Tenants enjoy a good sized enclosed shared back yard with lawn. The parking area has just been newly paved, with 8 carport spaces, and one uncovered parking space. Exterior was painted in 2019. This property is very walkable with a Walkscore of 81. Within walking and biking distance to local restaurants, parks, shops, and schools. Located in one of the best ranked school districts, the High School and Middle School are only a block away. Both the Metro Gold Line and Metro bus lines are less than one mile away. The apartments are easy to rent due to the convenient location and excellent School District. The property offers generously sized units, onsite community laundry, and covered parking. The tenants are month-to-month and are long-time tenants, and the current rental incomes are significantly below market. In such an excellent location, buyers can quickly add value and increase the income. PLEASE DO NOT DISTURB THE TENANTS. Offer subject to inspection. Buyer to cooperate with seller’s 1031 exchange. Due to Covid-19, please email signed CAR PEAD form to listing agent before any showing appointment. Masks must be worn at all times. Agent to present at all showings. It is Buyer's sole responsibility to perform investigations (square footage, lot size, lot dimensions, permits) and satisfy themselves.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Heating Floor Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Common Area

Exterior

Parking Features Asphalt, Carport

Carport Spaces 8

Pool None

Community Features Sidewalks

Accessibility Parking

Total Parking Spaces 9

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Irregular Lot, Lawn, Near Public Transit

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5319023001

Energy Description 349.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Naomi Bezaire Lewis • Kingston Realty
Bought with KATHLEEN YUE • FORTUNA REAL ESTATE & DEV.
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