710 Fremont Avenue

    South Pasadena, CA 91030
    • $2,395,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 19504568
    $2,395,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,550
      SQFT
    • $432
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    710 Fremont Avenue offers an incredible opportunity for an investor or developer to own and operate in a prime San Gabriel Valley location. Several of the units have been tastefully remodeled with plank flooring, countertops, vanity and new fixtures. The front unit was built in 1913 and the back unit was built-in 1892. Fremont Avenue opportunity has been in current ownership for over 30 years. There is a tremendous amount of rental upside to capture which will allow and owner to execute a value-add strategy to capitalize on a generational opportunity. The zoning (Commercial Office) is unique to the City of South Pasadena - it allows for an owner to either convert or build professional offices including but not limited to medical offices, creative offices and other office space for small businesses. The potential exists for a developer to step in, implement a business plan, build-out, and own and operate an A+ commercial office or mixed-use project in the City of South Pasadena.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-21T00:45:27.587. 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 or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/98410511

    710 Fremont Avenue South Pasadena, CA 91030

    • Price: $2,395,000
    • Status: Active
    • ID#: 19504568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,550
    SQFT
    $432
    $/SQFT
    1913
    Built
    Neighborhood:
    658 - So. Pasadena
    County:
    Los Angeles
    Area:
    658 - So. Pasadena
    Property Description
    710 Fremont Avenue offers an incredible opportunity for an investor or developer to own and operate in a prime San Gabriel Valley location. Several of the units have been tastefully remodeled with plank flooring, countertops, vanity and new fixtures. The front unit was built in 1913 and the back unit was built-in 1892. Fremont Avenue opportunity has been in current ownership for over 30 years. There is a tremendous amount of rental upside to capture which will allow and owner to execute a value-add strategy to capitalize on a generational opportunity. The zoning (Commercial Office) is unique to the City of South Pasadena - it allows for an owner to either convert or build professional offices including but not limited to medical offices, creative offices and other office space for small businesses. The potential exists for a developer to step in, implement a business plan, build-out, and own and operate an A+ commercial office or mixed-use project in the City of South Pasadena.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 23.21 Gross Operating Income 100104.00 Improvements Amount 44754 Land Value 56377 Laundry YN Yes Net Operating Income 53044.00 Special Listing Conditions Standard Total Expenses 47060.00 Zoning Spr310000*

    Listing provided courtesy of Daniel Withers of Matthews Real Estate Investmen


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-21T00:45:27.587. 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 or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604