194 Monterey Road, South Pasadena, CA 91030
-
Sold Price :
$1,450,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1953
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Wood |
Listing Information
| Address |
194 Monterey Road |
| City |
South Pasadena |
| State |
CA |
| Zip |
91030 |
| County |
Los Angeles |
| Listing Agent |
Mark Cianciulli DRE #01990266 |
| Courtesy Of |
The CREM Group |
| Close Price |
$1,450,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
12,485 |
| Year Built |
1953 |
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.
