Great potential for investors. 5 units multi-family apartment located in a high-rental demand area with 100% occupancy. Units 249, 255 N Sierra Bonita & 1596 Locust are downstairs units with 1 spacious bedroom 1 bath, 2 bedroom 1 bath, & 2 bedroom 1 bath respectively. 251 & 253 N Sierra Bonita are upstairs units with 1 bedroom 1 bath each. The property is located close to Lake Metro Gold Line, Pasadena City College, and Old Town Pasadena. Walking distance to a public library, a children’s center, and a park.
Great potential for investors or owner to live at front house and collect incomes from the other 3 units. Located in quiet neighborhood. Walking distance to Metro Gold Line & Lake Ave. Two Buildings with 4 Total Units. The front building has 3 bedroom plus 1 bonus room (2 bedroom and bonus room downstairs & 1 bedroom upstairs) with 3 bathroom, about 1,636 sq Ft. The other building is about 2,239 Sq Ft with three units of 2 bedroom 1 bathroom each. 100% Occupancy. This home is conveniently located to Pasadena Downtown/Freeway 210/Bus Stations/Pasadena City College/Art Center College.
Courtesy: IDEAL REALTY
Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.
Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.
Courtesy: Cornerstone Real Estate Serv.
6 unit building in East PasadenaThe complex offers a desirable unit mix of 2- 2 - bedrooms 1 Ba units- one with patio & fenced yard. 4- 1- bedroom 1- Ba units: 2 units have yards. 2 units have balcony's with stunning mountain views.The upgrades consist of Newer premium wide plank laminate flooring, Granite & tile tops, New and remodeled baths, 6 New electric sub panels, 6- updated water heaters, 7 separate Gas & 7-Electric meters, The building had received new roof aprox 10 yrs old, has had copper re-pipe added. The covered parking is the rear off nicely maintained alley. Concrete pad for 6 cars, separate utility room with new washer and dryer (owned) not rentals. Adjoining storage room for owners use. concrete walkways mature landscaping, notice Steel and concrete stair cases. 4 units are now offered vacant and move in ready, for owner occupant investor. no relocation fees to pay. no soft story retrofit.The offering is a low maintenance, well maintained investment offering upside growth to the buyer. This is a long term ownership property to be proud of.With prior rents on vacant units generating a 4.1 cap rate and Grm 18.9 At Market rates Cap rate 5.2 Grm 15.7
Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.
Impressive Triplex! A rare opportunity to purchase three units that include a house in the front and two additional units in the back. The front house features 3 bedrooms, 2 bathrooms, hardwood floors in the living room, dining area and bedrooms, a fireplace, large gated front yard with fruit trees and a finished attic. Each back unit offers 1 bedroom, 1 bathroom, laundry hook-up, and its own one car designated parking spot. Located in a great neighborhood in Pasadena. Conveniently located near freeways, shop, and restaurants. A Must See!
This multifamily Pasadena property carries the charm and style of a bygone era. Located on a lot of over 10,800 sqft, there are 3 units plus a detached garage with storage space. The main house was originally built in 1897 and has been split into two units – one upstairs and one downstairs – 2 bedroom, 1 bath for each. Additionally, there is a third detached occupied unit. With the oversized lot, there is plenty of open space in the front yard, backyard and side yard. And for parking, there is a long driveway shared by the renters. The long-time renters are month-to-month. All units offer washer/dryer hookups. There are 2 electric meters and 3 gas meters. Bring your toolbox and imagination for your own piece of the Pasadena dream.
RARE INVEST OPPORTUNITY TO BUILT 5 UNIT CONDO. This Elegant three units are located in the prime area of Pasadena, close to Cal-Tech & P. C. C. , shopping and transportation. There is one duplex in the beautiful front yard, ground level(41 S. Berkeley) has 4 bedrooms, two baths; upper level(41 1/2 S. Berkeley) has 2 bedrooms and one bath; the rear yard(43 S. Berkeley) has one bedroom and one bath; the upper level has been updated with new plumbing, electricity, drywall and flooring. Every unit has its own washer & dryer machine , gas meter and electricity meter. Upgrade roof on the front duplex in 2012, City only shows front duplex permit, buyer's own responsibility to acquire the permit or corrections, sold as is condition.
Prime Investment Opportunity! This exceptional duplex, boasting two separate homes on an expansive 10,000+ sq. ft. lot, offers endless possibilities. Recently remodeled, this property is ideal for families seeking a home with rental income potential or investors looking to expand. The front house features 4 bedrooms and 2 bathrooms, while the back house offers 2 bedrooms and 2 bathrooms. Each unit has its own electric and gas meter. Upgrades include brand-new plumbing, electrical systems, double-pane windows, doors, recessed lighting, vinyl flooring, remodeled showers with sliding doors, modern kitchen cabinets with quartz countertops, and mini-split A/C units with remote controls. Conveniently located near Old Town Pasadena, the Rose Bowl, Caltech, and with easy access to the 210 Freeway, this property combines comfort, income potential, and prime location in one unique opportunity!
OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.
OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.
Holliston House & Apartments is a charming, well-maintained and substantially upgraded 5-unit community in Pasadena, CA. The property features a one-of-a-kind unit mix consisting of a beautiful 2000 sq. ft. 3-bedroom 2.5-bath + Den craftsman style home and four 2-bedroom 1-bath units with covered parking and individual gas and electric meters. All units have been extensively remodeled with high-end designer finishes such as quartz countertops, stainless steel appliances, custom cabinetry, recessed LED lighting, fully remodeled kitchens and bathrooms. The home features central heating, a wall A/C unit in every room, washer/dryer hookups, hardwood flooring, a basement, and a den. The 2-bedroom units are spacious with an open floor plan and feature high quality wood-look tile flooring, custom walk-in showers with designer tiles, new wall heating and A/C units. Nearly everything is brand new, including: roofs, plumbing, sewer line, electrical, dual-pane windows, and driveway. With strong rents in place, this asset generates a current cap rate of 4.9%, 6.1% with market rents. This property is ideal for investors seeking a well-located, turnkey asset with upside potential and NO differed maintenance.
Discover an outstanding investment opportunity in beautiful Pasadena with this rare 4-unit property! Perfect for both investors and owner-occupants, this versatile property allows you to live in one unit while generating income from the other three. Each unit is designed with its own laundry hookups, making it a highly attractive feature for potential tenants. The property also offers a total of 6 parking spaces located at the back, providing plenty of off-street parking options for all residents. This property is ideally located in close proximity to the Villa Parke Community Center and Park, offering recreational amenities just steps away. You’ll also enjoy convenient access to an array of local restaurants, shops, and major freeways, making it a prime location for both renters and homeowners alike. The property consists of four distinct units: 285 Parke: The main house, featuring a spacious layout with 3 bedrooms and 2 full bathrooms, ideal for an owner-occupant or a high-end rental. 283 Parke: This adjacent unit offers 3 bedrooms and 1 bathroom, perfect for families or roommates seeking ample living space. 281 Parke: Located at the rear of the property, this cozy unit has 1 bedroom and 1 bathroom, ideal for a single tenant or a couple looking for privacy. Rear Unit: The second back unit offers a larger 3-bedroom, 2-bath layout, providing comfortable living for a larger family or group of tenants. This property is being sold in "as-is" condition, reflecting its competitive pricing, making it an exceptional investment for the discerning buyer. Whether you’re looking to rent out all units or occupy one and rent the others, this property presents limitless potential for long-term income growth in a highly desirable Pasadena neighborhood. Don’t miss out on this chance to own a multi-unit property in a prime Pasadena location—schedule a viewing today!
GET INTO YOUR NEW INVESTMENT WITH A LOWER PAYMENT! 1302 E Villa St, Pasadena, CA 91106 Now Only $1,375,000 REDUCED MONTHLY PAYMENTS WITH A SELLER BUY-DOWN! Your Opportunity Awaits: Seller is offering a rate buy-down option, reducing your interest rate from 7% to 5.125% for the first year or two! This can save you up to $900 per month on your payments! How Does This Work? Instead of overpaying for monthly interest, our seller buy-down puts money back in your pocket. It's like a 0% financing deal for your real estate investment. Forget hesitation your payments just got a lot more affordable. PROPERTY HIGHLIGHTS: * 3-Unit Multifamily Property: Single-family home + duplex each unit with private entrances.* $458,333/Unit: Incredible value in one of Pasadena's most sought-after areas.* 4.60% Cap Rate: Great income potential for investors.* Prime Location: Minutes from Old Town Pasadena, Rose Bowl, and top schools like Caltech.* Ample Parking: 7 spaces, including 3 garagesperfect for ADU conversions.* Flexible Tenancy: Month-to-month leases with potential for vacancy at COE.* Value-Add Potential: R6 Zoning redevelopment opportunities for savvy investors. LOCATION ADVANTAGES: Quiet, tree-lined street near the best of Pasadena shopping, dining, and entertainment.* Excellent access to the 110 and 210 Freeways for commuters.* Walking distance to public transportation and Pasadena's vibrant Colorado Boulevard. BUY WITH CONFIDENCE: No need to let today's rates hold you back. With this seller buy-down option, you can own this exceptional property without stretching your budget. Monthly savings go toward building equity, not just paying interest. Don't miss out on this rare opportunity to own a prime triplex in Pasadena with built-in affordability. Call or email Robyn Calvin at 310-751-8850/[email protected] today for more details and to schedule a private tour!Your Dream Investment is Closer Than You Think. Let's Make It Happen!
Located on North Fair Oaks Avenue in Pasadena, California, the Fair Oaks Revival is a great mix of modern and classic stylings due to the unique offering of two completely renovated and relocated historical homes along with five brand new townhomes located at the rear portion of the property. With a great unit mix of (3) - 3 bed / 2.5 bath townhomes, (2) - 1 bed / 1.5 bath townhomes, (2) - 2 bed / 2 bath, (2) - 1 bed / 1 bath, and (1) - commercial office space, this turn-key property offers a total building square footage of +/-9,520 on a +/-14,636 square foot lot. The units offer brand new finishes with a mixture of hardwood flooring, stainless steel appliances, and washer/dryer hook-ups. Each unit is tastefully remodeled and offers central heat and air.
An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, four (4) junior Studio, and four (4) Bachelor (no kitchen) units. Approximately 10 out of 23 units have had upgrades. Some units have new double pane windows, and the upgraded units have new wood flooring and updated plumbing. All units have smooth ceiling and excellent layout. Each unit is separately metered for electricity and gas. Parking is in the back of the lot. There is a total of 9 spaces with 8 are assigned to units, and 1 is rented. There is an additional shared laundry room in the basement for the community, and a master water heater.
We are excited to exclusively offer a prime 12-unit multifamily investment opportunity in the heart of Pasadena’s coveted Villa Parke neighborhood. Strategically located at 423 N Garfield Avenue, just steps from the 210 Freeway, this property boasts approximately 9,272 square feet of rentable space on a generous 11,875 square foot lot. This exceptional property offers unparalleled potential in Pasadena’s vibrant market. This exceptional property offers unparalleled investment potential in Pasadena’s vibrant market. With its prime location and strong tenant demand, this asset presents a unique opportunity for significant rental growth. 423 N Garfield Avenue is ideally positioned within walking distance of the eclectic and historic Old Town Pasadena, a cultural hub brimming with over 300 businesses offering diverse shopping, dining, and entertainment options. Additionally, the property is just a mile away from the renowned Pasadena Playhouse District, a premier destination known for its world-class theater, museums, galleries, and upscale eateries. This prime location provides residents with easy access to a wealth of amenities, cultural experiences and top employers. The property features mature lush landscaping, laundry facility, carport and surface street parking. Units features include fully equipped kitchens with gas stoves and appliances, wall air conditioning and heating, wood-like flooring throughout, carpet in bedrooms, ceiling fans and vertical blinds. The city of Pasadena is ideally located within Southern California Offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios, and more. 423 N Garfield Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of ±21,172 square feet and a total building size of ±17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside— an estimated 27% growth to achieve market rents—underscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.
RAYMOND SEVEN, a 7-unit Turnkey Garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With full renovation recently completed and full occupancy with market rents, this offering provides a highly cash flowing building without doing any work. Offered at a very attractive 5.32% CAP Rate and low 13.88x GRM, this offering provides an excellent Cash-on-cash return (over 5%) on a full Turnkey building where owner does not have to worry about renovating units, dealing with low-rent tenants, or any deferred maintenance. Current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumbing, and roof. They have upgraded the building with new railings, stucco changes, stairway & walkway repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. The building is fully occupied with market rate tenants and providing excellent rental income close to market. The property is in a quiet and mature residential area surrounded by SFR houses across the street and duplex/fourplex on each side. It is only 2 blocks north of the Old Town Pasadena and minutes away from most of the major attractions in the City of Pasadena including Rose Bowl area. FWY 210 and FWY 134 is less than a minute away from the property. The property was built in 1947, has ±5,001 SF building size and is situated on a ±9,902 SF lot size. It has a superb curb appeal with a large lawn and parking area in the front with the main building sits in the back part of the lot – providing extra sound barrier and privacy to tenants. It offers an attractive unit mix of four (4) x 2bed+1bath, 1 x Penthouse 1bed+1bath, and two (2) x 1bed+1bath units. The Penthouse unit occupies the entire 3rd floor with excellent view of Pasadena area. Each unit has been fully upgraded from top to bottom with brand-new everything (flooring, lighting, kitchen, and bathroom). It has in-unit laundry machines and stainless-steel kitchen appliances. Two of the 2nd floor units have private balcony, and the Penthouse has private balcony with views. Several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. All units have smooth ceilings. The property is separately metered for electricity and serviced by a master water heater. Parking is provided by an open space parking in front.
INCREDIBLE 6.04% IN-PLACE CAP RATE! We are pleased to present the opportunity to acquire a rare and exceptional 28-unit multifamily property in Pasadena, CA. Originally constructed in 1932 with an addition in 1949, 1559 N Hill Avenue exudes charm and sophistication with its stately colonial architecture and large columned front porch. The property comprises (22) 1-bedroom units, (5) studios, and (1) 2-bedroom, 1-bath unit. There is a beautifully landscaped central courtyard surrounded by a gorgeous vintage Mellenthin-inspired second-floor catwalk. At the rear of the property is a large, easily-accessible surface parking lot with room for 25 vehicles. Tenants have access to a secured, oversized laundry room as well as to a large bike storage room.These spaces as well as another unused storage room are each roughly 1,000 square feet and could be repurposed for any number of different amenities or they could be potentially converted to additional ADU units. The property has been well maintained with only two owners over the past 40+ years. A major overhaul of the electrical system was completed in 2010 which included main panel and transformer replacement as well as rewiring of all units. The building exterior and interior common areas were recently painted as well. Furthermore, there is no need for soft story or similar seismic retrofitting. 1559 N Hill is located in Pasadena's Historic Highlands neighborhood. This primarily residential enclave is serene and quiet but offers easy access to many great points of interest. Most notably, the property is a short 5-minute walk to Washington Boulevard which is lined with popular shops and restaurants as well as larger national chain stores. 1559 N Hill presents an excellent opportunity for investors looking to acquire a well-positioned multifamily asset in a strong Southern California market. With rental income growth potential and high demand for housing in Pasadena, this property offers both stable current cash flow and significant upside potential.
Charming Spanish style duplex in Historic Highlands. Both Units are occupied. Each Unit Has Spacious rooms, many original fixtures, arched doorways, mahogany trim and hardwood floors. Both units have two large bedrooms with 2 closets each. Washer/Dryer in the unit along with dishwasher. Both Units have 1 bathroom which has both a tub and shower. The structure has one car garage and tandem space in front of garage. Shared driveway with the other unit. Upstairs and downstairs units. Shared backyard with both units, and brick patio.
Courtesy: Lucent Properties
Pasadena is located in California. Pasadena, California has a population of 138,771. Pasadena is less family-centric than the surrounding county with 29.61% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Pasadena, California is $89,661. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Pasadena is 39.1 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 21.4 inches per year, with 0 inches of snow per year.
