710 Fremont Avenue

    South Pasadena, CA 91030
    • $2,395,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 19504568
    UPDATED: 51 min ago
    $2,395,000
    • 7
      BEDS
    • 0.24
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,550
      SQFT
    • $432
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    710 Fremont Avenue offers an incredible opportunity for an investor or developer to own and operate in a prime San Gabriel Valley location. Several of the units have been tastefully remodeled with plank flooring, countertops, vanity and new fixtures. The front unit was built in 1913 and the back unit was built-in 1892. Fremont Avenue opportunity has been in current ownership for over 30 years. There is a tremendous amount of rental upside to capture which will allow and owner to execute a value-add strategy to capitalize on a generational opportunity. The zoning (Commercial Office) is unique to the City of South Pasadena - it allows for an owner to either convert or build professional offices including but not limited to medical offices, creative offices and other office space for small businesses. The potential exists for a developer to step in, implement a business plan, build-out, and own and operate an A+ commercial office or mixed-use project in the City of South Pasadena.

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    Based on information from CARETS as of 2019-09-21T20:47:28.753. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.rosalietherealtor.com/homes/98408477

    710 Fremont Avenue South Pasadena, CA 91030

    • Price: $2,395,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: 19504568
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,550
    SQFT
    $432
    $/SQFT
    1913
    Built
    Neighborhood:
    South Pasadena (658)
    County:
    Los Angeles
    Area:
    South Pasadena (658)
    Property Description
    710 Fremont Avenue offers an incredible opportunity for an investor or developer to own and operate in a prime San Gabriel Valley location. Several of the units have been tastefully remodeled with plank flooring, countertops, vanity and new fixtures. The front unit was built in 1913 and the back unit was built-in 1892. Fremont Avenue opportunity has been in current ownership for over 30 years. There is a tremendous amount of rental upside to capture which will allow and owner to execute a value-add strategy to capitalize on a generational opportunity. The zoning (Commercial Office) is unique to the City of South Pasadena - it allows for an owner to either convert or build professional offices including but not limited to medical offices, creative offices and other office space for small businesses. The potential exists for a developer to step in, implement a business plan, build-out, and own and operate an A+ commercial office or mixed-use project in the City of South Pasadena.
    Exterior Features

    Parking Spaces Total 6

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 103200.00 Assessed Improvement Value 44754.00 Assessed Land Value 56377.00 Country United States Of America Expense Total Annual 47060.00 Gross Operating Income 100104.00 Gross Rent Multiplier 23.21 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 53044.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Other Unit Monthly Rent01 1420.00 Unit Monthly Rent02 1500.00 Unit Projected Total Monthly Rent01 9750.00 Unit Projected Total Monthly Rent02 2350.00 Unit Total Monthly Rent01 7100.00 Unit Total Monthly Rent02 1500.00 Unit Type01 5 Unit Type02 1 Units Total In Complex 6 Zoning Spr310000*

    Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


    Based on information from CARETS as of 2019-09-21T20:47:28.753. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Agency
    331 N Foothill Rd, #100
    Beverly Hills CA, 90210