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686 S Grand Avenue, Pasadena, CA 91105
$2,725,000
686 S Grand Avenue, Pasadena, CA 91105View this property at 686 S Grand Avenue, Pasadena, CA 91105
686 S Grand AvenuePasadenaCA91105
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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.
Full Property Details
Full Property Details for 686 S Grand Ave
General
- Sold For: $2,725,000
- Status: Closed
- Type: Multi-Family
- MLS ID: P1-15978
- Added to Site: 149 day(s) ago
Interior
- Interior Features: Built-in Features
- Fireplace(s): Decorative
- Appliances: Dishwasher, Gas Range, Water Heater, Microwave, Refrigerator
- Flooring: Laminate, Wood, Tile
Rooms
Other Rooms
- Laundry: In Kitchen
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: None
- Parking: None
Location
- Area: 647 - Pasadena (SW)
- County: Los Angeles
- Development Name: 647 - Pasadena (SW)
- Driving Directions: Please use navigation.
- Direction Faces: West
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Floor Furnace, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Architectural Style: Bungalow, Craftsman
- Foundation: Raised
- Roof: Composition
- Entry Location: stairs
- Stories/Levels: One
- Stories Description: One
- Year Built: 1917
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: None
- Lot Size (Acres): 0.2759
- Lot Size Source: Assessor
- Zoning: PSR4
- Lot Description: Landscaped, No Sprinklers
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Exclusions: Please inquire regarding inclusions and exclusions.
- Inclusions: Please inquire regarding inclusions and exclusions.
Listed by Compass, George Penner
Sold by Engel & Voelkers Pasadena, Mark Jerusalem
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Schools
Schools serving 686 S Grand Ave
School District:Pasadena Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
325 S Oak Knoll Ave, Pasadena, CA 91101 | PK-8 | 1.6 mi | |
1201 S Marengo Ave, Pasadena, CA 91106 | 9-12 | 1.1 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 686 S Grand Ave
Date
Details
Price
Change
Source
1/09/2024
Sold
$2,725,000
9%
MLS
12/07/2023
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
686 S Grand Avenue, Pasadena, CA 91105 (MLS# P1-15978) is a Multi-Family property that was sold at $2,725,000 on January 09, 2024. Want to learn more about 686 S Grand Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.