Pasadena, CA 91105,686 S Grand AVE
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Pasadena, CA 91105,686 S Grand AVE
Pasadena, CA 91105,686 S Grand AVE
Pasadena, CA 91105,686 S Grand AVE
Pasadena, CA 91105,686 S Grand AVE

$2,725,000

Est. payment /mo

$2,500,000

9.0%
Est.Price: ?

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686 S Grand AVE Pasadena, CA 91105

0.28 Acres Lot

SOLD DATE : 01/09/2024

Key Details

Sold Price $2,725,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-15978

Sold Date 01/09/24

HOA Y/N No

Year Built 1917

Lot Size 0.276 Acres

Property Description

A rare opportunity to acquire one of Southwest Pasadena's quintessential Bungalow Courts, consisting of (5) five free-standing Craftsman Style bungalows on lush landscaped common grounds, each unit measuring approximately 830 SqFt. Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity for its future owner. 686-694 South Grand Avenue pairs period details such as original windows, hardwood floors and fireplace with modern amenities including in-unit washer/ dryer, individually metered utilities and hot water heater in each unit. Units offer a slightly varied layout, ranging between 815 - 870 SqFt each, and are entered through a front-porch opening up to a light-filled living room space with adjacent kitchen. The two bedrooms are connected by a full bathroom with a tub. Four of the five units currently rented, yielding a monthly income of $11,820; its projected rent, fully occupied, is $15,220. Front South unit is vacant and staged for viewings. Three units are currently rented at market value and one below market value.

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Zoning PSR4

Rooms

Other Rooms Shed(s)

Interior

Interior Features Built-in Features

Heating Floor Furnace, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile, Wood

Fireplaces Type Decorative

Fireplace Yes

Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater

Laundry In Kitchen

Exterior

Garage None

Fence Wood

Pool None

Community Features Sidewalks

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

View Y/N No

View None

Roof Type Composition

Accessibility None

Private Pool No

Building

Lot Description Landscaped, Sprinklers None

Faces West

Story One

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Craftsman

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5718004002

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by George Penner • COMPASS • (626) 807-8558
Bought with Mark Jerusalem • Engel & Voelkers Pasadena

Mark Jerusalem

Advisor | License ID: 01371254

+1(310) 600-7585

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