1540 Laurel St
South Pasadena, CA 91030
- Sale Price
- $5,575,000
- Units
- 16
- Building Size
- 16,534 SF
- Price Per Unit
- $348,438
- Price Per SF
- $337
Sale Summary
1540 Laurel St is a 16-unit apartment building in South Pasadena, CA 91030, closed for $5,575,000. That works out to $348,438 per unit and $337 per square foot of building area.
This two-story, garden-style walk-up was built in 1961 on a 19,992 SF lot in the heart of South Pasadena. It has eight 1-bedroom/1-bath and eight 2-bedroom/2-bath units averaging about 1,030 SF, with a pool, gated garage parking for 26 vehicles and a secure laundry room. Units are separately metered for gas and electricity, and most still had their original finishes, which is why it was marketed as a value-add opportunity. We represented the seller, and the same buyer went on to acquire 1720-1724 Huntington Dr with us as the buyer's representative.
This sale is part of the Highlight Multifamily Group track record. See it on our closed sales map.