329 -329 1/2 Pasadena Avenue, South Pasadena, CA 91030
Duplex
Sold December 2024
Listing Agent: Michael Onyemaobi (DRE #02179969) · Listing Office: Revel Real Estate · Contact: mikeonyemaobi@gmail.com · Bought with: Julia Zhao · Re/Max Elite Realty · MLS #SW24218961 · Source: CRMLS
About this duplex
This charming duplex, located at 329 & 329 ½ Pasadena Avenue, offers two spacious 2-bedroom, 2-bathroom units ideal for both investors and owner-occupants. Each unit features a well-appointed layout with a den, formal dining room, living room with in-unit laundry, and front and back patios, totaling 830 sq. ft. The second unit will be delivered vacant, providing flexibility for future leasing or owner-occupation. With a total building square footage of 1,660 sq. ft., this property is competitively priced at $1,250,000, reflecting $753 per square foot. Positioned near popular local attractions, shopping, and the coveted South Pasadena school district, this duplex offers a strong long-term investment with potential for rental income growth. Recent comps in the area suggest market rates for these units could range between $2.50 and $3.86 per sq. ft., presenting an opportunity for even higher returns in this sought-after neighborhood. Furthermore, both the duplex and the adjacent four-unit property can be combined for a total asking price of $3,200,000, with significant potential for future density development.
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history