$2,200,000 1601 Fremont Avenue South Pasadena, CA

MLS: AR21000301   Type: Contingent   County: Los Angeles   City: South Pasadena   Area: So. Pasadena   Zip: 91030     Stories: 2

Mortgage $10,329 /mo



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First time on the market in 46 years. Six generously sized units totaling 6,695 sq ft on a large corner lot sized at 16,308 sq ft. Tenants enjoy a good sized enclosed shared back yard with lawn. The parking area has just been newly paved, with 8 carport spaces, and one uncovered parking space. Exterior was painted in 2019. This property is very walkable with a Walkscore of 81. Within walking and biking distance to local restaurants, parks, shops, and schools. Located in one of the best ranked school districts, the High School and Middle School are only a block away. Both the Metro Gold Line and Metro bus lines are less than one mile away. The apartments are easy to rent due to the convenient location and excellent School District. The property offers generously sized units, onsite community laundry, and covered parking. The tenants are month-to-month and are long-time tenants, and the current rental incomes are significantly below market. In such an excellent location, buyers can quickly add value and increase the income. PLEASE DO NOT DISTURB THE TENANTS. Offer subject to inspection. Buyer to cooperate with seller’s 1031 exchange. Due to Covid-19, please email signed CAR PEAD form to listing agent before any showing appointment. Masks must be worn at all times. Agent to present at all showings. It is Buyer's sole responsibility to perform investigations (square footage, lot size, lot dimensions, permits) and satisfy themselves.

Elementary School

Middle School

High School

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Price History

1/4/2021 Listed $2,200,000

Accessibility Parking
Appliances Gas Oven, Gas Range
Assessments Buyer to Verify
Association Y/N No
Attached Structure Attached
Carport Spaces 8.00
Community Features Sidewalks
Cooling Wall/Window Unit(s)
Directions Corner of Fremont St and Oak Ave
Garage Spaces 0.00
HOA Fee 0.00
Heating Floor Furnace
Levels Two
Listagentaor Arcadia
Listing Agent Naomi Bezaire Lewis - BRE#01952802
Listing Agent State License 01952802
MLS Area 658 - So. Pasadena
Number of Units Leased 5
Parking Features Carport, Asphalt
Pool Features None
Price Per Square Foot 328.60
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 6
Zoning SPR310000*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 1116
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls 2+ Common Walls
Dishwasher Count 0
Garbage Disposal Count 0
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Range Count 6
Refrigerator Count 0
Room Type Kitchen, Living Room
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 6695.00
Land Lease Y/N No
Lot Features Back Yard, Corner Lot, Lawn, Irregular Lot, Near Public Transit
Lot Size Acres 0.3744
Lot Size Area 16308.0000
Lot Size Source Assessor
Lot Size Square Feet 16308.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6
Number of Separate Water Meters 0
Numberofrentedgarages 0
Parking Y/N Yes
Total Parking 9.00
Uncovered Spaces 1.00
Water Source Public

Property Schools

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Gallery (17 photos)

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Property vs Zip Code Avg (91030)

Price 2.20M Avg 1.26M

Sqr Feet 6,695 Avg 2,135

Cost / Sqr Ft $329 Avg $592

Acres 0.37 Avg 0.43

Visits 23 Avg 23

Days on Site 21 Avg 50

Walkscore® 81 Avg 89

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Naomi Bezaire Lewis with Kingston Realty.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA