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112 Grandview Street
Pasadena, CA 91103
Sold
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.
PROPERTY INFORMATION
| MLS # | WS23175646 | Lot Size | 5,193 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,150,000
Price Per SqFt: $ 709 |
DOM | 613 Days |
| Address | 112 Grandview Street | Type | Residential |
| City | Pasadena | Sq.Ft. | 1,623 Sq. Ft. |
| Postal Code | 91103 | Garage | 3 |
| County | Los Angeles | Year Built | 1948 |
| Bed / Bath | 4 / 3 | Parking | 3 |
| Built In | 1948 | Status | Closed |
| Sold Date | 2023-11-21 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | Main Door |
| Entry Level | 1 |
| Main Level Bedrooms | 4 |
| Main Level Bathrooms | 3 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,227
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/21/2023 | Sold | $1,165,000 |
| 10/31/2023 | Pending | $1,150,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of MICHAEL YUE, Compass-Pasadena. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
