$699,000! South Pasadena Teardown - Not a Caltrans House - It's Even Better!

Описание: NOTE: This property is now sold. We had 20 all cash offers. Final sales price was $1,100,000. Leaving the video active as a reference for future buyers and sellers. Attention all Developers, Flippers, Builders and Investors! This is it. It’s not a Caltrans house – it’s even better! Extremely rare opportunity to completely re-imagine a structure or tear it down (check with the City of South Pasadena on any restrictions) and build from scratch on a 5,741 square foot rectangular lot in the heart of South Pasadena – right next to South Pasadena High School. This unique situation arose from years of deferred maintenance and neglect to the structure, coupled with the death of the owner on the property. The property then wound through a lengthy probate process and was boarded up for 2 years. Due to the condition of the home – this will be a cash-only sale with the understanding that the structure is in extremely rough condition (may not be salvageable) and the owner will give no credits or entertain any repairs. Truly an “as is” sale. As the structure currently stands it is a single level with 2 bedrooms and 2 bathrooms. According to the assessor’s records the living space is listed at 1,158 square feet. There may have been additional areas added to the house – most likely unpermitted. The rectangular, usable lot is entered from Meridian Avenue via 2 separate concrete aprons leading to 2 separate driveways towards the extra large garage with attached workshop. There is a large (double doored) secure metal gate leading to an oversized parking area (big enough for a large truck). There is a new electrical panel and new water heater. The property features a treed lot with a large patio and open backyard area leaving room for possible expansion of the structure. There are several mature trees and palms present. Showings are strictly by appointment only with the listing agent. Offer deadline is March 17th at noon – seller is looking for a quick escrow with the highest cash offer.

If you would like help selling your South Pasadena property - reach out anytime via email.
Email: Derek@SouthPasadenaHomes
You can also visit my website here: https://SouthPasadenaHomes.com

Thank you for watching my video!

00:00 Description of 1636 Meridian Avenue
01:07 Home tour begins with gates in front
02:23 Extra Large Garage
04:41 Going inside the house - living room
05:48 Kitchen
06:51 Bedroom one
07:26 Bathroom one
07:47 Bedroom two - roughest part of the house
08:44 Bathroom two
09:27 Patio with built in barbecue and porch
10:40 Storage area with hot tub
11:17 Upper yard in back of the property
12:21 Huge California oak tre
12:58 Neighboring property
14:10 Summary of the opportunity
15:11 Notice of death on the property