Pending

1540 Laurel St

South Pasadena CA, 91030

$6,195,000


$374.68 per sqft

Pending

24 Beds

16,534 sqft

Residential

Built in 1961

See DOCs section for OM. Property Description: 1540 Laurel St is a sixteen (16) unit apartment building consisting of eight (8)1bed+1bath units and eight (8) 2bed+2bath units. The property is a two-story16,534 square-foot garden style walk-up building with brick and wood frame and stucco construction situated on a large 19,992 square-foot lot. The excellent layout of the common area and the striking amount of warm landscaping creates a tranquil environment that provides the perfect opportunity for an investor to complete their own renovation plan in the units and significantly increase rents. The property also features a very well maintained pool with outdoor shower and central atrium area that while well landscaped, could be better utilized by including soft seating and a bbq area. The exterior of the building is lined with lattice woodwork features including a trellis in the atrium courtyard. Gated at grade garage parking includes 26spaces and a secure laundry room with newly updated machines. The walk-up entry in the front includes a secure keypad. Unit Details: All the units are very large and feature open kitchens, large bedrooms, and ample storage space. The units are very well maintained and most feature original finishes, providing a blank canvas for a new investor. Each ground floor unit features a private fenced off patio area and two of the larger units (13 and15) also feature their own complete large backyard space. A handful of units have central air, and the many feature wall AC units. All the units are separately metered for electricity and gas and the landlord pays for water/sewer and trash. The garage features 16 storage spaces in addition to a fully functioning dumbwaiter and trash chute. There is an additional large, paved area on the west side of the property that could be enclosed to use for additional tenant entertainment space.

23-340855

MLS ID

December 19, 2023

Listed

March 18, 2024

Updated

Map

1540 Laurel St
South Pasadena CA, 91030

Interior Features

Total Stories

2


Bedrooms

24 Beds


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.46 Acres

Other Property Details

Area Name

South Pasadena


Days on Market

32


Garage

No


Parking

Gated


Parking Total

26


View

No


County

Los Angeles


Pool

No


Zoning

SPR310000*

Listing History

Date

Event

Price

1/27/2024

Pending

Listed by Josh Kaplan with Transwestern Property Company West, Inc.
Listing Contact: 310-795-0903 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kenton Haleem shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/18/2024

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