Back To Search
121 Chester Avenue
Pasadena, CA 91106
Sold
Situated in the heart of Pasadena, CA, this 12-unit apartment building presents a value-add opportunity, for a patient investor, in one of the most sought-after locations in the city. Boasting a Walk Score of 93, you are near by Cal Tech, Pasadena City College and The Shops on Lake. Built in 1960, this two-story walk-up building is being marketed for the first time in over 40 years. Comprising a mix of 4 one-bedroom/one-bathroom units and 8 two-bedroom/one-and-three-quarter-bathroom units, this property caters to a diverse range of tenants. Each unit features a balcony or patio (except for unit #1, which is the largest 1-bedroom unit), gas forced air heating, and wall air conditioning units. The kitchens are equipped with gas stoves and ovens, tiled countertops and tiled or linoleum floors, while the bathrooms have tiled or linoleum floors and vanities. Living rooms and bedrooms are carpeted. Although interiors have not been upgraded, there is immense potential for renovation and value enhancement. The property is individually metered for gas and electric, with the owner paying for hot water, gardening, trash, and common area electricity. Two 75-gallon hot water heaters serve the building, ensuring ample hot water supply for residents. Parking is provided with 17 tuck-under spaces located below the building; seismic retrofit will need to be done. Additionally, there is space available for a laundry room, offering an opportunity for added convenience and income generation.
PROPERTY INFORMATION
| MLS # | WS24091810 | Lot Size | 9,505 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,100,000
Price Per SqFt: $ 279 |
DOM | 387 Days |
| Address | 121 Chester Avenue | Type | Residential Income |
| City | Pasadena | Sq.Ft. | 11,098 Sq. Ft. |
| Postal Code | 91106 | Garage | 17 |
| County | Los Angeles | Year Built | 1960 |
| Bed / Bath | 5 / 0 | Parking | 17 |
| Built In | 1960 | Status | Closed |
| Sold Date | 2024-08-23 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Oven |
| Has Heating | Yes |
| Heating Information | Forced Air |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Carpet |
| EntryLocation | front door |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,307
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/23/2024 | Sold | $2,450,000 |
| 07/25/2024 | Pending | $3,100,000 |
| 05/30/2024 | Active | $3,100,000 |
| 05/24/2024 | Pending | $3,100,000 |
| 05/07/2024 | Listed | $3,100,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Interested in buying or selling a home similar to 121 Chester Avenue?
Pasadena Similar Properties
Listing provided courtesy of KEVIN LUTZ, Keller Williams Realty/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.
