686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
686 S Grand Avenue
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$2,725,000

686 S Grand Avenue

12,018.204 Sq.Ft.

Description

A rare opportunity to acquire one of Southwest Pasadena's quintessential Bungalow Courts, consisting of (5) five free-standing Craftsman Style bungalows on lush landscaped common grounds, each unit measuring approximately 830 SqFt. Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity for its future owner. 686-694 South Grand Avenue pairs period details such as original windows, hardwood floors and fireplace with modern amenities including in-unit washer/ dryer, individually metered utilities and hot water heater in each unit. Units offer a slightly varied layout, ranging between 815 - 870 SqFt each, and are entered through a front-porch opening up to a light-filled living room space with adjacent kitchen. The two bedrooms are connected by a full bathroom with a tub. Four of the five units currently rented, yielding a monthly income of $11,820; its projected rent, fully occupied, is $15,220. Front South unit is vacant and staged for viewings. Three units are currently rented at market value and one below market value.

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Location

686 S Grand Avenue, Pasadena, CA 91105

Status

Sold
George Penner

George Penner

TITLE

Co-President, Managing Director | Compass Architecture + Design

Pasadena

Property Amenities

View additional property information below.
Interior
Kitchen Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
Laundry room In Kitchen
Fireplace Decorative
Flooring Laminate, Tile, Wood
Other Interior Features Built-in Features
Area & Lot
Lot Area 0.276 Acres
Living area 12,018.204 Sq.Ft.
MLS® ID P1-15978
Year Built 1917
View Description None
Architecture Styles Bungalow, Craftsman
Type Residential
Status Sold
Exterior
Stories 1
Pool None
Air conditioning Wall/Window Unit(s)
Heat type Floor Furnace, Wall Furnace
Disability Features None
Water Source Public
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Parking None
Lot Features Landscaped, Sprinklers None
Roof Composition
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Finance
Sales Price $2,725,000

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