320 E Glenarm Street

    Pasadena, CA 91106
    • $1,350,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: TR19133416
    Price Reduced
    UPDATED: 32 min ago
    $1,350,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,882
      SQFT
    • $196
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Approved Five Units Multi-Family Condos Development Project in the highly desirable Madison Heights neighborhood. Currently the property is a 1,533 sq Single Family Residence features with 2 bedrooms, 2 bathrooms, and garage on a 7,842 sqft lot. The house is renting to a long-term family at $2,900 per month, which has a huge room for rent upside. The project take 4 years to be approved by the Planning Department of City of Pasadena, which is very valuable to the community. Modern Design of the Multi-Family Project, great fit in the area. There will be a Balcony and yard for each unit. Unit Mixes are listed as: Unit 1 - 1,984 sq; Unit 2 - 1,099 sq; Unit 3 - 1,080 sq; Unit 4 - 1,252 sq; Unit 5 - 1,180 sq. Main Garden area is 1,497 sq; Basement area is 3,712 sq. The listing price includes the approved Projects (Architectural Design Drawings, Approved Tentative Track Map, Landscape Plan Drawing, Conceptual Grading and Drainage Plan, TOPOGRAPHY Survey, Soil Report, Preliminary Elevation Plan), current property and the land. The future Buyer needs to complete the Construction Drawing and obtain the Building Permit from the City.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/95625566

    320 E Glenarm Street Pasadena, CA 91106

    • Price: $1,350,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: TR19133416
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,882
    SQFT
    $196
    $/SQFT
    1928
    Built
    Neighborhood:
    647 - Pasadena (SW)
    County:
    Los Angeles
    Area:
    647 - Pasadena (SW)
    Property Description
    Approved Five Units Multi-Family Condos Development Project in the highly desirable Madison Heights neighborhood. Currently the property is a 1,533 sq Single Family Residence features with 2 bedrooms, 2 bathrooms, and garage on a 7,842 sqft lot. The house is renting to a long-term family at $2,900 per month, which has a huge room for rent upside. The project take 4 years to be approved by the Planning Department of City of Pasadena, which is very valuable to the community. Modern Design of the Multi-Family Project, great fit in the area. There will be a Balcony and yard for each unit. Unit Mixes are listed as: Unit 1 - 1,984 sq; Unit 2 - 1,099 sq; Unit 3 - 1,080 sq; Unit 4 - 1,252 sq; Unit 5 - 1,180 sq. Main Garden area is 1,497 sq; Basement area is 3,712 sq. The listing price includes the approved Projects (Architectural Design Drawings, Approved Tentative Track Map, Landscape Plan Drawing, Conceptual Grading and Drainage Plan, TOPOGRAPHY Survey, Soil Report, Preliminary Elevation Plan), current property and the land. The future Buyer needs to complete the Construction Drawing and obtain the Building Permit from the City.
    Exterior Features

    Garage Spaces 2.00 Lot Features 31-35 Units/AcreLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1533 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features Family Room Fireplace YN Yes Heating Central Heating YN Yes Laundry Features Electric Dryer HookupInside Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features BikingCurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 1200.00 Gross Equity 34800 Gross Income 0.00 Gross Scheduled Income 34800.00 Insurance Expense 450.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Net Operating Income 33150.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 1650.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Multi-Family Condos Development Project Supplies Expense 0.00 Total Expenses 1650.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Psr3

    Listing provided courtesy of Bo Li of IRN Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723