SOLD 02/09/2022
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Commercial sold for $2,700,000 in 175 days
1601 Fremont Ave South Pasadena, CA, 91030
Off the market Other
Presenting the Fremont Apartments, an incredible value-add apartment building situated in the coveted city of South Pasadena, adjacent to San Marino and Pasadena. The property offers a unit mix of large 1000+ sq. ft. two and three-bedroom units on an oversized 16,308 sq. ft. corner lot. The community features a large courtyard, laundry facility, and carport parking with storage units. Fremont Apartments also offers an investor the opportunity to build accessory dwelling units (buyer to verify). As it stands, the property has approximately 40% upside in rents leading to a 5% cap rate with market rents.
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Property details
6,695 sqft interior area
Land area
16,308 sqft (0.37 acres)
Address
1601 Fremont Ave, South Pasadena, CA, 91030
City of California
South Pasadena
County
Los Angeles
Year Built
1949
District
So. Pasadena
Nearby major retailers
Costco
Trader Joe's
BMW
Albertsons
T-Mobile
Aldi
Wholesale: 1
Supermarket: 6
Car: 1
Mobile phone: 2
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Interior Features
—
Garage & Parking
Other
Utilities Included
Other Water/Sewer, Water/Sewer See Remarks
Listed by
Gary Tolfa, Triqor Group
Name
Gary Tolfa
License number
00955403
Brokerage company
Triqor Group
MLS #
CRPW21184126
Buyer agent
Name
Gary Tolfa
Brokerage company
Triqor Group
Payment calculator
Calculate your monthly payments
Mortgage
$8,290
Taxes
$0
HOA dues
$0
Mortgage
$540,000 / 20%
2.28%
30 years
Your amount
$8,290 / month
Lot details
TMK #5319023001
Lot Description
Corner Lot
Parcel nr.
5319023001
91030 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91030
40%
Families with children
National average: 39%
37%
Non family households
454,100
Population
$107,497
Average Income
Age & gender
Median age 39 years
More info
Commute types
80% commute by car
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Education level
22% have bachelor education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
38% have 2 vehicle
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Vehicles by gender
38% have 2 vehicle
More info
Housing market insights for
$1.38m
Neighborhood average
sales price*
sales price*
$1.07m
Neighborhood median
sales price*
sales price*
561
Number
of sales*
of sales*
Housing type
44% are single detacheds
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Rooms
41% of the houses have 4 or 5 rooms
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Bedrooms
62% have 2 or 3 bedrooms
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Owners vs Renters
55% are renters
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15.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Feb 9, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 9, 2022 | Sold | $2,700,000 | 0 | Public Record |
| Sep 27, 2021 | Under contract | $2,700,000 | 0 | MLS #CRPW21184126 |
| Aug 19, 2021 | New Listing | $2,700,000 | 0 | MLS #CRPW21184126 |
Taxes of 1601 Fremont Ave, South Pasadena, CA, 91030
SPR3 zoning / MLS #CRPW21184126
Zoning
SPR3
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Frequently Asked Questions about 1601 Fremont Ave
What is 1601 Fremont Ave?
1601 Fremont Ave is a Commercial/Industrial propertywith 6,695 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1601 Fremont Ave, South Pasadena, CA, 91030.
What comparable properties are nearby?
Comparable nearby commercial properties include 1411 Fair Oaks Ave, 633 Park Ave, 112 N Huntington Dr, 2208 Larch St, 508 Chestnut Ave, 5335 Huntington Dr.
Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Aug 09, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are Pavilions, 0.3 miles away and Vons, 0.39 miles away.
The 91030 zip area has a population of 454,100, and 40% of the families have children. The median age is 39.02 years and 80% commute by car. The most popular housing type is "single detached" and 55% is renter.
