South Pasadena, CA 91030,714 Prospect AVE
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South Pasadena, CA 91030,714 Prospect AVE

$4,450,000

Est. payment /mo

$4,600,000

3.3%
Est.Price: ?

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714 Prospect AVE South Pasadena, CA 91030

0.28 Acres Lot

SOLD DATE : 05/15/2023

Key Details

Sold Price $4,450,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23019187

Sold Date 05/15/23

HOA Y/N No

Year Built 1963

Lot Size 0.275 Acres

Property Description

714 Prospect Ave, a pride-of-ownership 10-unit apartment in one of the best locations in the City of South Pasadena, California. The property offers a superb location on Prospect Ave in the Mission Street Downtown District, and within walking distance to almost all the amenities city of South Pasadena has to offer. The property has been in the same ownership for more than 30 years and this is the first time it has been offered for sale.

It offers an exceptional location on a quiet and mature residential street on Prospect Ave and crossing Mission Street where most of the retail stores are located. A block from Metro Gold Line Station on Meridian St, and from weekly South Pasadena Farmers Market, and within walking distance all these amenities and restaurants: South Pasadena City Hall & Police Department, Trader’s Joe, Nicole’s Market & Café, Fair Oaks Pharmacy, Mike & Anne’s Restaurant, Jones Coffee, South Pasadena Historical Museum, and so much more. It has a Walk Score 89 out of 100. It is also located within the South Pasadena School District with its superb demographics and an average household income of ±$140,474 within a mile radius.

The property offers a pride of ownership and an excellent curb appeal atmosphere. It is a two-story garden style apartment that was built in 1963 with beautiful landscaping. It has a total of 9,704 SF total building and situated on a ±11,994 square feet lot. Ownership have completed many important upgrades including NEW roof in 2020, copper plumbing (buyer to verify), new artificial turf in 2020, 4 new A/C units. It has a shared laundry room (seller own machines) and is separately metered for electricity and gas with individual water heater in each unit. Parking is provided by 15 carport spaces in the back.

The property offers an excellent unit mix of four (4) spacious 2bed+1-3/4bath and six (6) large 1bed+1bath units. Each unit has central A/C and heating and individual water heater (4 units have new A/C). Approximately 8 units have been upgraded with modern upgrades such as new luxury vinyl flooring, new kitchen with quartz/granite countertops + dishwasher and stainless-steel appliances, and new bathroom. Each unit has private patio/balcony. All units are large with plenty of natural light.

The property is situated in Mission Street Downtown District, on a quiet Prospect Ave and within walking distance to Mission St, Fair Oaks Avenue Retail District, restaurants, shopping, city hall, etc.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR210000*

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Carport

Carport Spaces 15

Pool None

Community Features Suburban, Valley

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Parking Type Carport

Total Parking Spaces 15

Private Pool No

Building

Lot Description Near Public Transit, Rectangular Lot, Street Level

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5315017007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade
Bought with Handoko Chen • GIG Real Estate Inc.

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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