Address
617 Mound Avenue South Pasadena, CA
Price
$ 3,500,000
Property Attributes
  • MLS#PW21253352
  • TypeContingent
  • CountyLOS ANGELES
  • CitySouth Pasadena
  • AreaSo. Pasadena
  • Zip91030
  • Style
  • Price$ 3,500,000
  • Bedrooms12
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5882
  • Lot Size10,790 SqFt
Listing Provided Courtesy Of:
Gary Tolfa with Triqor Group - 949-756-3232
Data Source:
California Regional MLS (CRMLS)
Property Description

Pleased to present the opportunity to acquire the Mound Apartments, an excellent pride of ownership & value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of one and two-bedroom units on a 10,790 Sq. Ft lot. The community features ample covered parking (15 total spaces), laundry facility, and solar powered hot water. Mound Apartments also offers an investor the opportunity to build accessory dwelling units on the property. With 5 renovated units, the property has approximately 20% upside in rents leading to a 4.4% cap rate with market rents.

Price History
11/22/2021 Listed $3,500,000

General Features

Carport Spaces 7
Carport Y/N Yes
Community Features Foothills, Sidewalks, Urban
Listing Agent Gary Tolfa - BRE#00955403
Listing Agent State License 00955403
Lot Size Square Feet 10790
MLS Area 658 - So. Pasadena
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Septic Tank
Special Listing Conditions Standard
Status Active Under Contract
Terms Conventional
Total Units 8
Zoning SPR310000*

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.25
Lot Size Area 10790
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 15
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 91030

Price
AVG $3.4M
$3.5M
Visits
AVG 124
9
Year Built
AVG 1977
1960
Walkscore
AVG 65
95
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.