Homes for sale - 121 S Chester Avenue, Pasadena, CA 91106

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Craig Hulbert

craig.hulbert@exprealty.com +1(858) 752-3447

$ 3,100,000

Est. payment | -/mo

5 Beds

5 Baths

Save

$ 3,100,000

Est. payment | -/mo

Save

5 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID WS24091810

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction S Chester Ave & E Green St

Interior

Heating Forced Air Unit

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5735009049

Acceptable Financing Cash

Listing Terms Cash

Listed by KEVIN LUTZ Keller Williams Realty/Pasadena

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

Arroyo Vista Elementary School

Public | KG - 5
10

Monterey Hills Elementary School

Public | KG - 5
10

Marengo Elementary School

Public | KG - 5
10

Valentine Elementary School

Public | KG - 5
9

Carver Elementary School

Public | KG - 5
8

Garfield Elementary School

Public | KG - 8
8

Wilson Elementary School

Public | KG - 5
8

Emperor Elementary School

Public | KG - 6
7

Hamilton Elementary School

Public | PK - 5
7

Washington Elementary School

Public | KG - 5
6

Coolidge Elementary School

Public | KG - 5
6

Daniel Webster Elementary School

Public | PK - 5
5

Washington Elementary School

Public | PK - 5
5

Longfellow Elementary School

Public | PK - 5
5

Norma Coombs Elementary School

Public | KG - 5
5

Willard Elementary School

Public | PK - 5
4

Roosevelt Elementary School

Public | PK - 5
3

Jackson STEM Magnet

Public | PK - 5
3

Cleveland Elementary School

Public | PK - 5
3

McKinley School

Public | KG - 8

Middle Schools 12

10

South Pasadena Middle School

Public | 6 - 8
9

Huntington Middle School

Public | 6 - 8
8

Marshall Fundamental

Public | 6 - 12
4

Blair High School

Public | 6 - 12
4

Wilson Middle School

Public | 6 - 8
2

Charles W. Eliot Arts Magnet Academy

Public | 6 - 8
1

Washington STEAM Multilingual Academy

Public | 6 - 8
0

Southwestern Academy

Private | 6 - 12
0

Excelsior School

Private | 8 - 12
0

The Peace & Justice Academy

Private | 6 - 12
0

Learning Works

Public | 7 - 12
0

Rosemary School

Private | 8 - 12

High Schools 10

10

South Pasadena High School

Public | 9 - 12
10

San Marino High School

Public | 9 - 12
6

Pasadena High School

Public | 9 - 12
3

John Muir High School

Public | 9 - 12
0

Mayfield Senior School

Private | 9 - 12
0

Maranatha High School

Private | 9 - 12
0

Rose City High (Continuation)

Public | 9 - 12
0

Agbu Vatche and Tamar Manoukian High School

Private | 9 - 12
0

Agbu Vatche & Tamar Manoukian High School

Private | 9 - 12
0

Del Mar High School

Public | 10 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

121 S Chester Avenue Pasadena, CA 91106