2038 Meridian Ave, South Pasadena, CA 91030

Property Description

We are proud to exclusively present the opportunity to acquire the Meridian Apartments, a 16-unit investment opportunity located at 2028 & 2038 Meridian Avenue South Pasadena, CA The offering is comprised of two contiguous parcels, each with 8 units, for a combined lot area of 35,538 square feet. The property located at 2028 Meridian Avenue was built in 1949 and sits on a lot size of 17,853 square feet and has a building size of 5,152 square feet. The property features 2 - single story duplex buildings with one bedroom/one bathroom units with front and rear/side access and 2 - two story duplex buildings with 4 - one bedroom/one bathroom floorplans. The front two cottage style units offer large fenced in front yards. Located behind the property are 8 single car garages, open space parking and an on-site laundry room. All of the units feature hardwood flooring and are individually metered for gas & electricity and have individual hot water heaters. The property located at 2038 Meridian Avenue was built in 1923 and sits on a lot size of 17,685 square feet and has a building size of 5,328 square feet. With its distinctive Spanish style architecture, the buildings are comprised of 4 - single story, cottage style one bedroom/one bathroom units with front and rear/side access and two 2-story duplex buildings with 4 - one bedroom/one bathroom floorplans. Additionally, there is open surface parking spaces behind the property. Combined parking total for both properties is 24 spaces.