Active

121 S Chester AVE

PASADENA CA, 91106

$3,100,000


$279.33 per sqft

Active

5 Beds

5 Baths

11,098 sqft

Condo

Built in 1960

Situated in the heart of Pasadena, CA, this 12-unit apartment building presents a value-add opportunity, for a patient investor, in one of the most sought-after locations in the city. Boasting a Walk Score of 93, you are near by Cal Tech, Pasadena City College and The Shops on Lake. Built in 1960, this two-story walk-up building is being marketed for the first time in over 40 years. Comprising a mix of 4 one-bedroom/one-bathroom units and 8 two-bedroom/one-and-three-quarter-bathroom units, this property caters to a diverse range of tenants. Each unit features a balcony or patio (except for unit #1, which is the largest 1-bedroom unit), gas forced air heating, and wall air conditioning units. The kitchens are equipped with gas stoves and ovens, tiled countertops and tiled or linoleum floors, while the bathrooms have tiled or linoleum floors and vanities. Living rooms and bedrooms are carpeted. Although interiors have not been upgraded, there is immense potential for renovation and value enhancement. The property is individually metered for gas and electric, with the owner paying for hot water, gardening, trash, and common area electricity. Two 75-gallon hot water heaters serve the building, ensuring ample hot water supply for residents. Parking is provided with 17 tuck-under spaces located below the building; seismic retrofit will need to be done. Additionally, there is space available for a laundry room, offering an opportunity for added convenience and income generation.

WS24091810MR

MLS ID

May 7, 2024

Listed

May 31, 2024

Updated

Map

121 S Chester AVE
PASADENA CA, 91106

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

5


Appliances

None


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.22 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Pasadena SE


Taxes

$34,339


Tax Frequency

Annually


Days on Market

16


Garage

Yes


Garage Spaces

17


Parking

Subterranean


Parking Total

17


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

PSR4

Listing History

Date

Event

Price

5/30/2024

Active

5/24/2024

Pending

Listed by KEVIN LUTZ with Keller Williams Realty/Pasadena
Listing Contact: 626-204-3475 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/31/2024

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