CA > South Pasadena
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
South Pasadena, CA 91030,1513 1517 HUNTINGTON DR
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James Olvera

James Olvera

+1(909) 760-9091
$ 5,295,000
Est. payment | /mo

0.42 Acres Lot

Save
$ 5,295,000
Est. payment | /mo
Save

0.42 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25215581

HOA Y/N No

Year Built 1948

Lot Size 0.423 Acres

Property Sub-Type Apartment

Property Description

14-unit Trophy Asset in South Pasadena (NO LOCAL Rent Control), Excellent Location in the heart of South Pasadena – steps from So Pas Middle School, South Pasadena Unified School District, Superb Mid-Century Modern Architecture, First Time for Sale Since 1976, High Quality units and Large units. A True Trophy Mid-Century Modern 14-unit apartment in one of the best locations in the City of South Pasadena, California. This is the first time this property is being offered for sale since 1976 (49 years)! City of South Pasadena apartment market does not have any local rent control, and it has always been known as a “high-barrier-to-entry” and “no inventory” market as there are always very limited numbers of multifamily community offered for sale. Situated in the heart of South Pasadena on Huntington Dr and Fair Oaks Ave, this Gem is only steps away from So Pas Middle School on Fair Oaks, and just minutes away from all the shopping, dining, and area amenities on Fair Oaks Ave and Mission St Downtown District. It has Exceptional demographics with over $159,143 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District.
The property consists of 2 separate buildings with center landscape area. The main building is a two-story walk-up apartment, and the 2nd building is a single story fourplex. It has fabulous landscaping with well-manicured lawn, a fruit tree, and flowering trees. The property was built in 1948 with distinctive Mid-Century Modern architecture and sits on a large 18,243 SF R3 zoned lot. The owner has made many capital improvements such as upgrading several units (including one of the owner's past units) and completed electrical panel upgrades. The property has good unit mix of Two (2) x large 2bedroom+1bathroom, Six (6) x spacious 1bedroom+1bathroom, and Six (6) Studio units.
Each unit has the original hardwood flooring, smooth ceiling, ceiling fans in living room and bedroom, windows a/c and wall heating. The non-upgraded unit has tiled kitchen countertops, with retro gas range with oven, and retro wall heating unit. The owner's previous unit (1515-D) has been fully upgraded with brand new kitchen, brand new bathroom, and in-unit laundry machines. Four (4) units have been upgraded with updated kitchen, In-unit Laundry, mini-split AC. The property has a shared laundry room (leased) and master water heater. Parking is provided via 8 garage spaces – accessible from the alley.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Dryer, Washer

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Attached Carport, Assigned

Garage Spaces 8.0

Garage Description 8.0

Fence Wrought Iron

Pool None

Community Features Suburban, Valley

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asbestos Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description Lawn, Landscaped, Sprinkler System, Street Level

Faces North

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5319009014

Energy Description 175.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

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