Pasadena, CA 91103,1577 N Fair Oaks AVE

$1,900,000

$1,599,000

18.8%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/24/2017

Key Details

Sold Price $1,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR16194518

Sold Date 05/24/17

HOA Y/N No

Year Built 1965

Tax Year 2014

Property Description

Opportunity knocks on this incredible multifamily or mixed use potential potential 26 unit development in the heart of Pasadena. Plans call for a total makeover of an existing multifamily to a desirable mixed use with up to 26 units with density bonus.

This project is sited on almost half an acre of land. There is an additional contiguous land on 25 Howard Street that can be purchased with this property.

All information provided to be verified by buyer or buyer's agent. Seller and Seller's broker has obtained information from the City of Pasadena Planning Department.

There are over 20 permitted uses for this property, one such use when the City reconciles the specific plan with the general plan is as described above to the broker by the City of Pasadena.

For further information, please contact listing agent.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Interior

Fireplaces Type Bath, Dining Room, Gas, Living Room, Outside

Fireplace Yes

Exterior

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban

Utilities Available Natural Gas Available, Sewer Available

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5836024028

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Vic Deirmendjian • Strategic Realty
Bought with Vic Deirmendjian • Strategic Realty
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