1540 Laurel Street
South Pasadena, CA 91030
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1961 build
- – on site
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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.
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Last updated Apr 15, 2024
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MLS# 23340855 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/5/24
Apr 5, 2024
|
Sold | CRMLS_CA | $5,575,000 | -10.0% |
|
1/26/24
Jan 26, 2024
|
Pending | CRMLS_CA | $6,195,000 | |
|
12/20/23
Dec 20, 2023
|
Listed / Active | CRMLS_CA | $6,195,000 |