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112 Grandview Street, Pasadena, CA 91103
$1,165,000
112 Grandview Street, Pasadena, CA 91103View this property at 112 Grandview Street, Pasadena, CA 91103
112 Grandview StreetPasadenaCA91103
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Property Description
Introducing a phenomenal investment opportunity at 112 Grandview St, Pasadena, CA. Financials take center stage with this listing, priced at $1,150,000. Expect a pro forma monthly revenue of $7,400, an actual cap rate over 5.5%, and a market cap rate above 6.5%. Built in 1948 and recently transformed, this 1,623-square-foot triplex sits on a prime 5,193-square-foot double corner lot.
All units have been meticulously renovated from top to bottom-fresh paint, brand-new flooring, and windows set the stage for modern living. The kitchens and bathrooms in the two one-bedroom units are entirely redone, presenting a move-in-ready or lease-ready opportunity.
The extensively renovated two-bedroom unit serves as the crown jewel, featuring a brand-new electrical panel, appliances, cabinets, quartz countertops, and a high-efficiency HVAC system. The bathroom showcases stylish subway tiles, rounding off the extensive upgrades.
Each unit is separately metered for gas and electric, with tenants responsible for their own trash-streamlining your utility costs to just water. Hot water heaters for each unit have been replaced within the last five years, ensuring a hassle-free experience for both landlord and tenants.
Nestled in a serene pocket of Pasadena near schools and parks, this fully renovated triplex offers not just incredible financial returns but also a premium location. Seize this rare chance to invest in a high-performing asset that promises both immediate cash flow and long-term growth.
Full Property Details
Full Property Details for 112 Grandview St
General
- Sold For: $1,165,000
- Status: Closed
- Type: Triplex
- MLS ID: WS23175646
- Added to Site: 234 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 3
Location
- County: Los Angeles
- Driving Directions: Intersection of Lake Ave and Orange Grove Blvd
School Information
- School District: Pasadena Unified
Community
- Community Features: Curbs, Street Lights
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Triplex
- Common Walls: 1 Common Wall
- Entry Location: Main Door
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,623
- Sq. Ft. Source: Assessor
- Year Built: 1948
- Year Built Source: Assessor
Lot Features
- Property View: City Lights
- Lot Size (Acres): 0.1192
- Lot Size Source: Assessor
- Zoning: PSR1
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $717.81
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Special Conditions: Standard
Listed by Compass-Pasadena, Jinglin YUE
Sold by McLeod and Associates, Reginald Gregorio
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Schools
Schools serving 112 Grandview St
School District:Pasadena Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1520 N Raymond Ave, Pasadena, CA 91103 | PK-5 | 0 mi | |
1505 N Marengo Ave, Pasadena, CA 91103 | 6-8 | 0.1 mi | |
1905 Lincoln Ave, Pasadena, CA 91103 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 112 Grandview St
Date
Details
Price
Change
Source
11/21/2023
Sold
$1,165,000
1.3%
MLS
9/20/2023
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
112 Grandview Street, Pasadena, CA 91103 (MLS# WS23175646) is a Triplex property that was sold at $1,165,000 on November 21, 2023. Want to learn more about 112 Grandview Street? Do you have questions about finding other Triplex real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.