$4,450,000
$4,600,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 05/15/2023
Key Details
Sold Price $4,450,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23019187
Sold Date 05/15/23
HOA Y/N No
Year Built 1963
Lot Size 0.275 Acres
Property Description
714 Prospect Ave, a pride-of-ownership 10-unit apartment in one of the best locations in the City of South Pasadena, California. The property offers a superb location on Prospect Ave in the Mission Street Downtown District, and within walking distance to almost all the amenities city of South Pasadena has to offer. The property has been in the same ownership for more than 30 years and this is the first time it has been offered for sale.
It offers an exceptional location on a quiet and mature residential street on Prospect Ave and crossing Mission Street where most of the retail stores are located. A block from Metro Gold Line Station on Meridian St, and from weekly South Pasadena Farmers Market, and within walking distance all these amenities and restaurants: South Pasadena City Hall & Police Department, Trader's Joe, Nicole's Market & Café, Fair Oaks Pharmacy, Mike & Anne's Restaurant, Jones Coffee, South Pasadena Historical Museum, and so much more. It has a Walk Score 89 out of 100. It is also located within the South Pasadena School District with its superb demographics and an average household income of ±$140,474 within a mile radius.
The property offers a pride of ownership and an excellent curb appeal atmosphere. It is a two-story garden style apartment that was built in 1963 with beautiful landscaping. It has a total of 9,704 SF total building and situated on a ±11,994 square feet lot. Ownership have completed many important upgrades including NEW roof in 2020, copper plumbing (buyer to verify), new artificial turf in 2020, 4 new A/C 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 15 carport spaces in the back.
The property offers an excellent unit mix of four (4) spacious 2bed+1-3/4bath and six (6) large 1bed+1bath units. Each unit has central A/C and heating and individual water heater (4 units have new A/C). Approximately 8 units have been upgraded with modern upgrades such as new luxury vinyl flooring, new kitchen with quartz/granite countertops + dishwasher and stainless-steel appliances, and new bathroom. Each unit has private patio/balcony. All units are large with plenty of natural light.
The property is situated in Mission Street Downtown District, on a quiet Prospect Ave and within walking distance to Mission St, Fair Oaks Avenue Retail District, restaurants, shopping, city hall, etc.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR210000*
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Carport Spaces 15
Pool None
Community Features Suburban, Valley
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Total Parking Spaces 15
Private Pool No
Building
Lot Description Near Public Transit, Rectangular Lot, Street Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5315017007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Handoko Chen • GIG Real Estate Inc.
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Broker Associate | Lic# 01905244