1728 Grevelia Street
South Pasadena, CA, 91030 $ 3,900,000
Bedrooms10 Baths8.0 Sq 6,880 Monthly Estimate*
$ 25,921
for $3,900,000 with 10 bedrooms and 8 full baths. This 6,880 square foot home was built in 1951 on a lot size of 0.2115.
Embark on a journey of discovery as you welcome the distinctive allure of 1728 Grevelia St, situated on the renowned Grevelia Street in South Pasadena, CA 91030. Enjoying an enviable location in one of the city's most sought-after neighborhoods, this residence offers more than a mere investment opportunity—it's an invitation to be part of an affluent community and embark on a lucrative real estate journey. Uniquely positioned at the crossroads of Fair Oaks Ave and Grevelia Street, within a leisurely stroll to the vibrant Fair Oaks Ave Retail corridor and the charming Mission Street Downtown District, this property is a standout in terms of location, promising sustained demand and high occupancy rates. The strategic placement ensures not only convenience for residents but also maximizes the property's visibility, enhancing its long-term value. Constructed in 1951, this two-story garden-style apartment exudes timeless elegance, preserving a piece of South Pasadena's rich history. The unit mix is a careful curation, featuring two (2) spacious 2-bed+1-bath residences and six (6) generously-sized 1-bed+1-bath units, all adorned with abundant natural light, creating a desirable living environment for tenants. Parking is effortlessly managed with designated carport spaces at the rear of the property, ensuring convenience and security. Each unit is meticulously designed with original hardwood floors, laminate countertops, tiled bathrooms, individual water heaters, and ample storage cabinets, marrying classic aesthetics with modern functionality. Recent major capital improvements have significantly enhanced the property's overall appeal, showcasing a commitment to quality and ensuring minimal future maintenance costs for the discerning investor. This, coupled with the carefully curated unit mix and strategic location, positions 1728 Grevelia Street as a unique investment opportunity with substantial upside potential. Explore the allure of future value appreciation and secure your stake in this distinguished property. Contact us now to schedule a private viewing and delve into the endless possibilities that 1728 Grevelia Street holds. Don't miss your chance to transform this property into your next real estate success story and enjoy the unparalleled benefits of owning a piece of South Pasadena's rich history.
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FeaturesGeneralSewer PublicSewer
Zoning SPR310000*
Garage Spaces 8.0
Pool Features None
Year Built 1951
Property SubType Apartment
Gross Income 227196.0
Community Features Suburban Valley
County Los Angeles
Net Operating Income 172657.0
Operating Expense 54539.6
Insurance Expense 5164.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Take the exit for Fair Oaks Ave from FWY 110 then head south. Turn right onto Grevelia St.
City South Pasadena
Entry Location Main
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 8
MLS Area 658 - So. Pasadena
Lot Size Units SquareFeet
Lot Size Square Feet 9215.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name Grevelia
Listing Terms CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 1300.0
Water Sewer Expense 4328.8
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 35
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 32
Total Actual Rent 18933.0
Property Sub Type Additional Apartment
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ExteriorWater Source Public
Total Parking 8.0
Lot Size Area 9215.0
Number of Buildings 1
Spa N
Building Area Total 6880.0
Lot Size Acres 0.2115
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $25,921
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in South Pasadena, CA
Average List Price $4,630,000
Percent of Sale Price 19%
About South Pasadena, CA 25,394 Population
5% Since 2002
$ 89,905 Median Income
42.2 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/23/2024 | $3,900,000 | | Listed Price |