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1728 Grevelia Street

South Pasadena, CA 91030
  • $3,500,000
  • STATUS: CONTINGENT
  • ON SITE: 56 Days
  • ID#: AR23018903
Under Contract
UPDATED: 48 min ago
$3,500,000
  • 3
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high walkability to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of $153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a 9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of st 1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high walkability to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of $153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a 9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of storage cabinets, and much more. Six units have been completely upgraded with new kitchen, in-unit stacked laundry, new bathroom, new ductless mini-split A/C system, and much more. Due to its superb and convenient location and an excellent school district, the property enjoys very low vacancy rate. The property is strategically situated on Grevelia Street crossing Fair Oaks Ave and within walking distance to the Mission Street Downtown District, Fair Oaks Avenue Retail District, restaurants, shopping, city hall and all amenities the City of South Pasadena has to offer. It also offers excellent access to downtown Los Angeles via 110 Freeway. Access to nearby amenities such as Old Town Pasadena, South Lake Avenue District, Pasadena Playhouse District, and Huntington Hospital are within minutes.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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1728 Grevelia Street South Pasadena, CA 91030

  • Price: $3,500,000
  • Status: CONTINGENT
  • On Site: 56 Days
  • Updated: 48 min ago
  • ID#: AR23018903
3
Beds
0
Baths
0
½ Baths
0.21
Acres
Neighborhood:
Bristol Farms Area
County:
Los Angeles
Area:
South Pasadena (91030)
Property Description
1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high walkability to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of $153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a 9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of st 1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high walkability to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of $153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a 9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of storage cabinets, and much more. Six units have been completely upgraded with new kitchen, in-unit stacked laundry, new bathroom, new ductless mini-split A/C system, and much more. Due to its superb and convenient location and an excellent school district, the property enjoys very low vacancy rate. The property is strategically situated on Grevelia Street crossing Fair Oaks Ave and within walking distance to the Mission Street Downtown District, Fair Oaks Avenue Retail District, restaurants, shopping, city hall and all amenities the City of South Pasadena has to offer. It also offers excellent access to downtown Los Angeles via 110 Freeway. Access to nearby amenities such as Old Town Pasadena, South Lake Avenue District, Pasadena Playhouse District, and Huntington Hospital are within minutes.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Units With Cooling 8 Units With Range Oven 8 Units With Refrigerators 8 Units With Washers 0

Property Features

Actual Cap Rate 4.12 Annual Expense Actual 61384 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 2997.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.7 Gross Scheduled Income Actual 210840 Home Owners Fees 0.0 Monthly Total Fees 249 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2700.0 Unit2 Rent Actual 2012.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Growth Investment Group Pasade: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128