$3,100,000
- Beds
- Unknown
- sq ft
- 11,098
121 S Chester Ave, Pasadena, CA 91106
121 S Chester Ave
Pasadena, CA 91106
- 60 days on market
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.
Details
Property type
Apartment
Lot size
9,505 sq ft
Price per sq ft
$280
Year built
1960
Annual property taxes
$34,339
Price History
05/30/2024
CRMLS #WS24091810
Listed
$3,100,000
05/24/2024
CRMLS #WS24091810
Pending
$3,100,000
05/07/2024
CRMLS #WS24091810
Listed
$3,100,000
Schools & Community
Neighborhood:
South
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/05/2024 at 8:10 PM
Listing updated: 05/31/2024 at 10:33 AM
Listed by: KEVIN LUTZ, Keller Williams Realty/Pasadena Phone #: (626) 204-3300
MLS: CRMLS #WS24091810
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