Sold
601 Meridian Avenue
South Pasadena CA, 91030
$4,450,000
$333.98 per sqft
Sold
13,324 sqft
Unknown
Built in 1959
Listed by Handoko Chen with Lee & Associates Investment Se 213-623-0800
601 Meridian is a pride of ownership, Non-Rent Controlled multifamily property in the highly sought after City of South Pasadena. The property is unique due to its unbeatable location, many capital improvements, upgraded units, significant rental upside, and the amenities each unit offers.
The property is located on a corner lot of Meridian St. and Grevelia St., and consists of 20 residential units plus one office unit in 2 separately parceled buildings. Both buildings were built in 1959, and are 2 stories with various capital improvements.
It has undergone major capital improvements and upgrades in most units; all were completed in the past 5 years. It has a beautiful center courtyard with new immaculate landscaping and a water fountain. Entrances are secured by recently installed gated doors. The property is separately metered for electricity and gas with laundry facility available on-site. It boasts an excellent unit mix with four two-bedroom/one-bathroom units, sixteen one-bedroom/one-bathroom unit, and one office unit.
Please note that CAP Rate and GRM Listed are PROFORMA.
AR13030653
MLSⓇ ID
February 25, 2013
Listed
February 10, 2024
Updated
Map
601 Meridian Avenue
South Pasadena CA, 91030
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Lot Features
Street Level
Other Property Details
Area Name
658 - So. Pasadena
Days on Market
61
Garage
No
Parking
Assigned
Parking Total
37
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing Contact: 213-623-0800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/10/2024 at 7:04 AM UTC