South Pasadena, CA 91030,1540 Laurel ST
South Pasadena, CA 91030,1540 Laurel ST
South Pasadena, CA 91030,1540 Laurel ST
South Pasadena, CA 91030,1540 Laurel ST
South Pasadena, CA 91030,1540 Laurel ST
South Pasadena, CA 91030,1540 Laurel ST
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$5,575,000

Est.Price: ?

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Est. payment /mo

24 Beds

24 Baths

16,534 SqFt


SOLD DATE : 04/05/2024

Key Details

Sold Price $5,575,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 16,534 sqft

Price per Sqft $337

MLS Listing ID 23340855

Sold Date 04/05/24

Bedrooms 24

HOA Y/N No

Year Built 1961

Lot Size 0.459 Acres

Property Description

See DOCs section for OM. Property Description: 1540 Laurel St is a sixteen (16) unit apartment building consisting of eight (8)1bed+1bath units and eight (8) 2bed+2bath units. The property is a two-story16,534 square-foot garden style walk-up building with brick and wood frame and stucco construction situated on a large 19,992 square-foot lot. The excellent layout of the common area and the striking amount of warm landscaping creates a tranquil environment that provides the perfect opportunity for an investor to complete their own renovation plan in the units and significantly increase rents. The property also features a very well maintained pool with outdoor shower and central atrium area that while well landscaped, could be better utilized by including soft seating and a bbq area. The exterior of the building is lined with lattice woodwork features including a trellis in the atrium courtyard. Gated at grade garage parking includes 26spaces and a secure laundry room with newly updated machines. The walk-up entry in the front includes a secure keypad. Unit Details: All the units are very large and feature open kitchens, large bedrooms, and ample storage space. The units are very well maintained and most feature original finishes, providing a blank canvas for a new investor. Each ground floor unit features a private fenced off patio area and two of the larger units (13 and15) also feature their own complete large backyard space. A handful of units have central air, and the many feature wall AC units. All the units are separately metered for electricity and gas and the landlord pays for water/sewer and trash. The garage features 16 storage spaces in addition to a fully functioning dumbwaiter and trash chute. There is an additional large, paved area on the west side of the property that could be enclosed to use for additional tenant entertainment space.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Fireplace No

Exterior

Parking Features Gated

Total Parking Spaces 26

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5319006025

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Josh Kaplan • Transwestern Property Company West, Inc.
Bought with Josh Kaplan • Transwestern Property Company West, Inc.
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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