194 Monterey Road

South Pasadena, CA 91030

$1,450,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $399 / sqft

1953

calendar_month Built

Property Description

Nestled in the heart of South Pasadena, 194 Monterey Rd presents a remarkable investment opportunity. The property consists of four apartment units, organized into two duplex structures. Of these units, three are spacious 2-bedroom, 1-bath apartments, and one is a comfortable 1-bedroom, 1-bath unit. Notably, two of the four units currently sit vacant, offering immediate renovation potential for investors or owner-users seeking market-rate stabilization. The property stands on an expansive 12,482 square foot lot and features alengthy driveway, a shared courtyard area, and a rear yard with a communal pool. There's also a convenient carport that can accommodate up to 4 vehicles, ensuring hassle-free tenant parking. Located in a highly desirable submarket, this property offers not only value but also easy access to main streets and freeways, connecting you to Downtown Los Angeles and beyond. The proximity to excellent educational institutions, along with the district's stellar reputation, adds substantial value to the investment proposition.

Listing Information

Close Price $1,450,000
Close Date Tuesday, January 23rd, 2024
Status Closed
MLS 23328477
Type Residential Income
Year Built 1953
Lot Size 12,485
Structure Size N/A
DOM 32
Courtesy Of The CREM Group
Listing Agent Mark Cianciulli DRE#01990266

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Wood

Exterior Information

Maps

Listing information courtesy of: Mark Cianciulli, The CREM Group . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 24th, 2024 at 10:07 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.