1414 Fremont Avenue

    South Pasadena, CA 91030
    • $3,380,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: WS18230225
    UPDATED: 48 min ago
    $3,380,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,093
      SQFT
    • $555
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Fantastic investment opportunity! Impressive and exceptional Quadruplex building on Fremont Ave. in desirable South Pasadena Location! Sitting directly across the street from South Pasadena High School. Built in 1991 and features Three 3 bedroom units along with a large 4 bedroom unit. Each of the units is two levels with open floor plans, laundry area, and separate water heaters . All units also have gas fireplaces,W/D hookups, and an automatic sprinkler system in case of fire. The building provides front and rear access. Unit A has been recently remodeled with new cabinets, quarts counter tops throughout, as well as new laminate flooring and wood shutters. The unit has 3 bedrooms plus a den/office 2.5 bathroom and a private patio with street access. Both units B & C have 3 bedrooms/2.5 baths and private patios as well. Unit D is a grand rare 4 bedroom plus loft, 2.5 bathroom with dramatic spiral staircase. Updated with a balcony off the master bedroom and an automatic attached 2 car garage. Property very well maintained. All units have A/C heaters less than 1 year old. Secured underground garage and loads of storage area with 8 parking spaces has been freshly painted with epoxy floor and new lighting. Each unit separately metered for gas and electric. Property has potential for rent increases and you will not find another building like this in the area. Call today for more information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88256361

    1414 Fremont Avenue South Pasadena, CA 91030

    • Price: $3,380,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: WS18230225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,093
    SQFT
    $555
    $/SQFT
    1991
    Built
    Neighborhood:
    658 - So. Pasadena
    County:
    Los Angeles
    Area:
    658 - So. Pasadena
    Property Description
    Fantastic investment opportunity! Impressive and exceptional Quadruplex building on Fremont Ave. in desirable South Pasadena Location! Sitting directly across the street from South Pasadena High School. Built in 1991 and features Three 3 bedroom units along with a large 4 bedroom unit. Each of the units is two levels with open floor plans, laundry area, and separate water heaters . All units also have gas fireplaces,W/D hookups, and an automatic sprinkler system in case of fire. The building provides front and rear access. Unit A has been recently remodeled with new cabinets, quarts counter tops throughout, as well as new laminate flooring and wood shutters. The unit has 3 bedrooms plus a den/office 2.5 bathroom and a private patio with street access. Both units B & C have 3 bedrooms/2.5 baths and private patios as well. Unit D is a grand rare 4 bedroom plus loft, 2.5 bathroom with dramatic spiral staircase. Updated with a balcony off the master bedroom and an automatic attached 2 car garage. Property very well maintained. All units have A/C heaters less than 1 year old. Secured underground garage and loads of storage area with 8 parking spaces has been freshly painted with epoxy floor and new lighting. Each unit separately metered for gas and electric. Property has potential for rent increases and you will not find another building like this in the area. Call today for more information.
    Exterior Features

    Construction Materials BlockDrywall WallsStucco Exterior Features LightingRain Gutters Fence YN Yes Fencing BlockExcellent Condition Garage Spaces 10.00 Lot Features Front YardLandscapedLawnNear Public TransitSprinkler SystemSprinklers In FrontYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Auto Driveway GateControlled EntranceConverted GarageDrivewayDriveway Down Slope From StreetGarage - Rear EntryGatedOff StreetParking SpacePrivate Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat TileTile Spa Features None Spa YN No View NeighborhoodTrees/Woods View YN Yes

    Interior Features

    Appliances DishwasherGarbage DisposalGas OvenGas Water HeaterRange/Stove HoodRefrigeratorWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling CentralZonedElectric Cooling YN Yes Fireplace Features Living RoomGas Fireplace YN Yes Flooring CarpetLaminateTile Heating Central FurnaceZonedFloor Furnace Heating YN Yes Interior Features Ceiling FanStorage SpaceUnfurnished Laundry Features AreaGas & Electric Dryer HookupInside Room Type All Bedrooms UpDenEntryKitchenLiving RoomMaster BathroomMaster Bedroom Window Features BlindsShutters

    Property Features

    Accessibility Features 2+ Access ExitsDoors - Swing InParking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingUrban Country Us Electric Electricity - On Property Electric Expense 1080.00 Elevation Units Feet Gardener Expense 1200.00 Gross Income 142440.00 Gross Scheduled Income 142440.00 Insurance Expense 2024.00 Land Lease YN No Laundry YN Yes Licenses Expense 105.00 Net Operating Income 115113.00 New Construction YN No New Taxes Expense 13322.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 27327.00 Other Expense 2000.00 Other Expense Description Misc Lab Pest Control Expense 540.00 Property Condition Repairs CosmeticTurnkey Property Sub Type Quadruplex Rent Control YN No Security Features Automatic GateFire SprinklersSmoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTelephone Total Actual Rent 142440.00 Total Expenses 27327.00 Trash Expense 2256.00 Utilities Cable AvailableElectricity AvailablePhone AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 4800.00 Water Source Public Zoning Spr310000*

    Listing provided courtesy of Cathylnne Liumai of Bhhs California Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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