201 Orange Grove Ave - Hospitality FOR SALE


South Pasadena, CA 91030
$4,500,000 USD
310-606-0192
201 Orange Grove Ave, South Pasadena, CA for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/21
null | 7% Cap Rate

201 Orange Grove Ave
South Pasadena, CA 91030


HIGHLIGHTS

  • REO SALE- Licensed Bed n' Breakfast
  • Historic Home in very desirable pocket of South Pasadena
  • Great Value-Add Renovation Opportunity
  • Very Unique Opportunity

OVERVIEW

Introducing the iconic 1887 Bissell House, a distinguished three-story Victorian estate gracing South Pasadena's prestigious "Millionaires Row" and a designated City Cultural Landmark. This remarkable corner property, enveloped by impressive 40-foot hedges for enhanced privacy, seamlessly blends historical significance with modern potential. Key Features: Boasting 5,535 sq ft of living space on an expansive, level lot exceeding half an acre, this grand home offers 7 bedrooms and 8 bathrooms. Discover a formal living and dining room, butler's pantry, charming original baths and sinks, a convenient 1940s elevator, a library, a basement, a garden, and a pool. Numerous original details throughout evoke its rich heritage. Holding a valuable bed and breakfast license, this estate presents a unique income opportunity for a buyer with a vision for restoration. This captivating Victorian became a cherished "center of hospitality" after its acquisition around 1903 by prominent Southern California architect William Southerland McCay and his philanthropic wife, Anna Bissell McCay, daughter of the Bissell Carpet Sweeper inventor. Notably, the home even welcomed esteemed guests such as Albert Einstein. Nestled in South Pasadena, an early Los Angeles suburb incorporated in 1888, residents enjoy a coveted lifestyle characterized by a strong community and picturesque streets lined with iconic Craftsman architecture. Critically, South Pasadena is home to the consistently top-performing South Pasadena Unified School District. The charming town features trendy cafes, unique boutiques along Mission Street, and a vibrant arts scene. With convenient access to Downtown LA, it offers an ideal balance of small-town ambiance and urban amenities, making it particularly appealing to families prioritizing education. Owning the Bissell House transcends mere homeownership; it's embracing a legacy within South Pasadena's rich tapestry, especially attractive to those who value academic excellence. While radiating undeniable grandeur, the Bissell House offers an exciting canvas for revitalization, awaiting a discerning owner to bring it to its full potential and infuse their personal style. Don't miss this extraordinary opportunity to own a significant piece of history and potentially generate income within these remarkable walls, all while embarking on a journey to restore its timeless elegance in a highly sought-after school district. This property is a fixer with a great opportunity!

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$813 USD /SF

# OF ROOMS

7

PRICE/ROOM

$642,857 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bissell House- Licensed Bed and Breakfast

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1887

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

R1E, South Pasadena

APN/PARCEL ID

5317-039-013

ASK ABOUT THIS PROPERTY

Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

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Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.