121 South Chester Avenue
$2,352,000
5
20
11,098
11,098
$212
Closed 8/23/24
Description
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...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.
- Listed by KEVIN LUTZ • DRE #00925595 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena • 626-429-0685
- Listed by KEVIN HURLEY • DRE #01237798 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena
Property Details for 121 South Chester Avenue
Parking Spaces Total
17
Private PoolNo
Cooling TypeWall/Window
Total Units12.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area11098
Assessor Parcel Number5735-009-049
LISTING UPDATED: 08/27/2024 04:05 AM
Property Details for 121 South Chester Avenue
Status | Closed |
---|---|
MLS # | WS24091810 |
Days on Market | 71 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
County | Los Angeles County |
Building Information for 121 South Chester Avenue
Building/Complex121 S Chester AveFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-
Property Information for 121 South Chester Avenue
Property History for 121 South Chester Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 121 South Chester Avenue
Taxable ValueLand$52,128Additions$376,671Total$428,799
Tax Record2024$7,468 ($622 / month)
Home Facts
Total Finished SqFt11,098 SqFtAbove Grade Finished SqFt11,098 SqFtLot Size9,505 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningPSR4CountyLOS ANGELESAPN5735-009-049
Schools near 121 South Chester Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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