Pending
121 S Chester AVE
PASADENA CA, 91106
$3,100,000
$279.33 per sqft
Pending
5 Beds
5 Baths
11,098 sqft
Multi-family
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
July 26, 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
71
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 |
---|---|---|
7/25/2024 | Pending | — |
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 7/26/2024