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listing
1 of 26
Residential Income
$3,500,000
1728 Grevelia Street
South Pasadena, CA 91030
Listed by Han Chen DRE#01749321 [email protected] Growth Investment Group Pasade
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$18,166/mo

1728 Grevelia St., a pride-of-ownership 8-unit apartment in an excellent location in the City of South Pasadena, California. The property offers a superb & convenient location on Grevelia Street, crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District. It has a Walk Score 86 out of 100, demonstrating a high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of ±$153,141 within a mile radius. The property is a serene two-story garden style apartment that was built in 1951. It has a total of 6,880 SF total building and situated on a ±9,211 square feet lot. It has a shared laundry room (seller own machines) and serviced by master water heater. Ownership have completed many important upgrades including major electrical upgrade for each unit from 30amps to 100amps power, new artificial turf in 2020, and six upgraded units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 8 carport spaces in the back. The property offers an excellent unit mix of two (2) spacious 2bed+1bath and six (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with original hardwood floor, smooth ceiling, individual water heater, custom color paint in some units, plenty of storage cabinets, and much more. Six units have been completely upgraded with new kitchen, in-unit stacked laundry, new bathroom, new ductless mini-split A/C system, and much more. Due to its superb and convenient location and an excellent school district, the property enjoys very low vacancy rate. The property is strategically situated on Grevelia Street crossing Fair Oaks Ave and within walking distance to the Mission Street Downtown District, Fair Oaks Avenue Retail District, restaurants, shopping, city hall and all amenities the City of South Pasadena has to offer. It also offers excellent access to downtown Los Angeles via 110 Freeway. Access to nearby amenities such as Old Town Pasadena, South Lake Avenue District, Pasadena Playhouse District, and Huntington Hospital are within minutes.

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Information courtesy of Growth Investment Group Pasade is subject to verification and is not guaranteed.
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