$8,600,000
For Sale

1745 Grevelia Street

South Pasadena, CA 91030
0.57 acres | #AR24107060
Listing OfficeGrowth Investment Group Pasade
Browse 28 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

Grevelia Gardens, a beautifully updated 20-unit apartment in a superb location in the City of South Pasadena, California. The property offers a superb location on the south side of Grevelia Street (not abutting FWY110), crossing Fair Oaks Ave and just within walking distance to Fair Oaks Ave Retail corridor and Mission Street Downtown District, Garfield Park, and only several blocks away from the City of San Marino. It has a Walk Score 87 out of 100, demonstrating a high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It is also located within the South Pasadena School District with its superb demographics and an average household income of ±$180,692 within a mile radius.
Arguably one of the best apartments in South Pasadena, the property is a beautifully upgraded garden style apartment with an attractive center courtyard. It was built in 1947 and updated in 2024. Its center courtyard has a manicured and very well-maintained landscaping, where each unit has its own garden atmosphere. It has a total of 14,100SF building area and on a large ±24,678 SF Lot size.
The property offers an excellent unit mix of four (4) large 2bed+1.75bath and sixteen (6) large 1bed+1bath units. All units are large with plenty of natural light and windows. Each unit has an excellent layout with an original hardwood floor, smooth ceiling, custom color paint in some units, plenty of storage cabinets, and much more. Five units have been completely upgraded with a new kitchen, in-unit stacked laundry machine, new bathroom, new ductless mini-split A/C system, and much more. The brand-new kitchen has a high-end kitchen cabinet with quartz countertops, stainless steel appliances, and a dishwasher. Each unit has a dining area complete with ceiling fans. The updated units have mini split A/C and ceiling fans in the bedroom.
Owners have made a lot of major improvements such as a new driveway, new exterior paint, improvements to the landscaping, completely upgraded several units (with updated electrical, etc.). Parking is provided by 20 garage parking (1 for each unit), and its own driveway (no shared driveway). Each unit is individually metered for electricity and gas and the building has a shared laundry room.

  • Property Details
      • Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
      • Lot DescriptionNearPublicTransit, RectangularLot
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$8,600,000
      • MLS #AR24107060
      • MLS #AR24107060
      • Property SubtypeApartment
      • Cost8600000
      • Acres0.5667
      • Utility SourcePublic
      • Year Built1947
      • Parking Spaces20
      • Stories2

Location

Adolph JamesReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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