194 Monterey Road A, South Pasadena, CA 91030
Property
Sold January 2024
Listing Agent: Mark Cianciulli (DRE #01990266) · Listing Office: The CREM Group · Contact: 323-347-1009 · Bought with: Cary Matthew Goldstone · House Network · MLS #23328477 · Source: CRMLS
About this property
Nestled in the heart of South Pasadena, 194 Monterey Rd presents a remarkable investment opportunity. The property consists of four apartment units, organized into two duplex structures. Of these units, three are spacious 2-bedroom, 1-bath apartments, and one is a comfortable 1-bedroom, 1-bath unit. Notably, two of the four units currently sit vacant, offering immediate renovation potential for investors or owner-users seeking market-rate stabilization. The property stands on an expansive 12,482 square foot lot and features alengthy driveway, a shared courtyard area, and a rear yard with a communal pool. There's also a convenient carport that can accommodate up to 4 vehicles, ensuring hassle-free tenant parking. Located in a highly desirable submarket, this property offers not only value but also easy access to main streets and freeways, connecting you to Downtown Los Angeles and beyond. The proximity to excellent educational institutions, along with the district's stellar reputation, adds substantial value to the investment proposition.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history