Pasadena, CA 91106,121 S Chester AVE
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Pasadena, CA 91106,121 S Chester AVE
Pasadena, CA 91106,121 S Chester AVE
Pasadena, CA 91106,121 S Chester AVE
Pasadena, CA 91106,121 S Chester AVE

$2,352,000

Est. payment /mo

$3,100,000

24.1%
Est.Price: ?

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121 S Chester AVE Pasadena, CA 91106

11,098 SqFt

SOLD DATE : 08/23/2024

Key Details

Sold Price $2,352,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 11,098 sqft

Price per Sqft $211

MLS Listing ID WS24091810

Sold Date 08/23/24

HOA Y/N No

Year Built 1960

Annual Tax Amount $34,339

Lot Size 9,504 Sqft

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

Area 648 - Pasadena (Se)

Zoning PSR4

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Forced Air

Cooling Wall/Window Unit(s)

Flooring Carpet

Fireplace No

Appliance Gas Oven

Laundry None

Exterior

Garage Underground

Garage Spaces 17.0

Garage Description 17.0

Pool None

Community Features Gutter(s)

Parking Type Underground

Total Parking Spaces 17

Private Pool No

Building

Lot Description Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5735009049

Energy Description 4717.0

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KEVIN LUTZ • Keller Williams Realty/Pasadena • 626-429-0685
Bought with KEVIN LUTZ • Keller Williams Realty/Pasadena

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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