385 Grace Drive, South Pasadena, CA 91030
- $1,900,000
- List Price
- $1,900,000
- Price Change
- ▼ $150,000 1728275881
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- P1-18313
- Year Built
- 1954
- Lot Size
- 11,329
- Acres
- 0.26
- Lot Location
- Cul-De-Sac
- Days on Market
- 110
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level
- Neighborhood
- Not Applicable
Property Description
Now with a vacant owners' unit as of 9/1/24. This mid-century modern duplex circa 1954 is nestled at the end of a verdant cul-de-sac in South Pasadena on a quarter acre property. The two spacious homes, which only share one wall, are on the market for the first time in over 50 years, during which time numerous updates have been made. Each unit has a private garden with mature trees and landscaping. Both units are two bedrooms. The larger one, #387, has two bathrooms and a bonus den in addition to the living and dining room with wood-paneling, a brick fireplace, hardwood floors, and a roomy outdoor garden. The other unit, #385, has one bathroom and features a shaded courtyard patio garden. The thoughtfully designed structure followed the redevelopment of the street by architect Bob Ray Offenhauser, who soon after graduating from the USC School of Architecture, bought and rezoned two of the lots on the street, turning them into duplexes. He later was commissioned to design 12 more on the street. Like Offenhauser's designs, this duplex features great mid-century ranch elements like roof overhangs with expressed structure, built-in cabinets, steel-frame windows, and original elegantly-proportioned brick chimneys and facades. The larger unit, 387, is vacant; the smaller, 385, is tenant occupied. Great investment opportunity in a highly sought-after city with blue ribbon schools.
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Additional Information
- Appliances
- Refrigerator
- Pool Description
- None
- Cooling
- Yes
- View
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $67,200
- Operating Expense
- 6553
Listing courtesy of Listing Agent: Jennifer Parker-Stanton (jpstanton@dppre.com) from Listing Office: COMPASS.
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