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$3,975,000
WS26180702 MLS ⋅ Active Status
Monterey Terrace Apartments is a 12-unit multifamily property located at 90 & 92 Monterey Road in South Pasadena, California. The property consists of three two-story walk-up buildings totaling 8,355 gross square feet. Built in 1963, the asset features a unit mix of twelve 2-bedroom/1-bathroom units, with approximately six units averaging 655 square feet and six units averaging 670 square feet. The property has undergone significant capital improvements, including a gut renovation in 2008 with upgraded plumbing, electrical systems, windows, flooring, kitchens, appliances, cabinets, bathrooms, fixtures, hot water heaters, and central air conditioning units. Additional improvements include soft-story parking reinforcement completed in 2008, and a completed SB 721 decking inspection. Monterey Terrace Apartments presents an opportunity to acquire a renovated multifamily asset in South Pasadena with potential long-term upside through its high-density SPR4 zoning designation. Situated on a 14,040 square foot lot, the property benefits from zoning that allows for potential future development up to 20 units, subject to buyer verification. The asset is located within a residential neighborhood featuring a mix of condominiums, apartments, and single-family homes. With upgraded building systems, individually metered utilities, renovated interiors, and completed capital improvements, Monterey Terrace Apartments offers investors a stabilized multifamily opportunity with additional value potential.

90 -92 Monterey Road, South Pasadena
$2,780,000
AR26163161 MLS ⋅ Active Status
An exceptional investment opportunity in an unparalleled location in the highly desirable City of South Pasadena. This Spanish-style 4-plex, originally built in 1923, sits on an expansive 14,464 sq. ft. lot (approximately 76’ x 188’–194’) and is conveniently located within approximately ½ mile of award-winning South Pasadena schools, shopping, dining, and major freeways. The two-story property features four spacious 2-bedroom, 1-bath units. Unit A offers an additional unpermitted studio/office/den area, while Units B, C, and D each include additional den/office space. Two ground-floor units (A & D) and two upper-level units (B & C) provide excellent versatility. The upper units also feature private balconies and unique coved spaces off the living rooms, ideal for a reading nook or home office. Each unit is separately metered for electricity and gas and features recessed lighting, hardwood floors, a fireplace, individual washer and dryer conveniently located off the kitchen, ample interior storage, walk-in closets, and built-in display cabinets. Additional amenities include multiple window A/C units, wall heaters, and ceiling fans. The property offers five private parking garages and beautifully landscaped, park-like grounds with mature fruit trees and abundant privacy. The exterior walls have been freshly painted recently, adding to the property’s well-maintained appeal. A rare opportunity to own a well-located 4-unit property with a large lot in South Pasadena. Live in one unit and rent out the others, or add a valuable investment property to your portfolio while enjoying all that South Pasadena has to offer.

1171 Huntington Drive, South Pasadena
$2,980,000
AR26101933 MLS ⋅ Active Status
Presenting this amazing and rare opportunity to own this well maintained 7 unit building in the outstanding and award winning school district of South Pasadena and consistently strong rental demand. 6 units are 2 bedrooms one bath, and one unit is a one bedroom one bath. 8 carports plus one car garage. Located moments from Mission Street, the Gold Line, cafes, markets and South Pasadena's charming small-town amenities. This building offers the perfect blend of lifestyles and long-term value. In house laundry room, providing added convenience and additional income potential. Well kept grounds, stable long-term tenants, and up side in rents make this an excellent opportunity.

2064 Meridian, South Pasadena

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.