385 Grace Drive, South Pasadena, CA 91030

$2,050,000
List Price
$2,050,000
Status
ACTIVE
MLS#
P1-18313
Year Built
1954
Lot Size
11,329
Acres
0.26
Lot Location
Cul-De-Sac
Days on Market
21
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level
Neighborhood
Not Applicable

Property Description

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. Both units are currently tenant occupied. The property measures larger than the assessor's records. Great investment opportunity in a highly sought-after city with blue ribbon schools.

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

Listing courtesy of Listing Agent: Jennifer Parker-Stanton (jpstanton@dppre.com) from Listing Office: COMPASS.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.