First Time for Sale Since 1981, 6-unit Value-add near Caltech and PCC, Significant Rental Upside, Fully Upgraded Electrical Panels, Roofs are in Excellent Condition, Garage in the back for ADU conversion. A 6-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1981. Fully occupied, current rents are approximately ±56% below market – all tenants are month-to-month. It is located only between Allen Ave and Hill Ave and within walking distance from CALTECH and Pasadena City College. It is minutes away from most of City of Pasadena amenities such as Lake Ave Shopping District and Old Town Pasadena. It has excellent demographics of ±$143,972 average household income in a 1-mile radius. The property offers excellent curb appeal with well-manicured front lawn and mature trees. Ownership recently upgraded the main electrical panels for each unit and resurfaced the driveway. It consists of 2 buildings, a fourplex in the front, and a duplex in the back. The property has a total 3,936SF living space and sits on a large 9,004SF CL Zone Lot (Commercial Limited – buyer to verify). The front building was built in 1959 and the back 2 units were built in 1927 (based on city’s online permit - buyer to verify). The front 4-unit consists of two (2) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom, and the back duplex consists of one (1) 2bedroom+1bathroom and one (1) 1bedroom+1bathroom units. All the tenants are on month-to-month agreement, and the rents are approximately ±56% below market (buyer to verify). Each unit has functional layout with windows A/C, ceiling fans, tiled kitchen and tiled bathroom. Each unit is separately metered for electricity and gas with individual water heater. Parking is provided by 8-10 parking spaces (4 carport, 2 car garage for unt 1759, 2 surface, and 1 garage that can park tandem). The owner’s garage (can park 2 small car – tandem) has been converted into storage unit for seller’s personal use and is prime for ADU conversion (buyer to verify). There is a shared laundry room (seller own machines). The property is located on a side street that has mostly residential buildings and some commercial retail properties. It has excellent demographics of $143,972 average household income within a 1-mile radius.
7 Unit Apartment building in Pasadena, CA located walking distance (1 block away) from Pasadena City College (PCC). 4 units are currently vacant and used as short-term rental (Airbnb). Airbnb business will also be included in the sale (135 reviews at 4.92 rating with “Guest Favorite” award). Unit mix: 2 x (2B+1B) and 5 x (1B+1B). Laundry room on site with 1 coin operated washer and 1 coin operated dryer (both units owned and included with the sale). New rain gutters recently installed, new facia, new paint, new windows, new plumbing, new electrical panels (3 out of 7 units), drainage updated, 2 new water heaters, refurbished roof (less than 3 years ago). 7 covered parking spots on site (all carports). Excellent location with walk score of 87 and bike score of 75. Most errands can be accomplished on foot and biking is convenient on most trips. Less than 1 mile away from California Institute of Technology (Caltech), 1.1 miles away from Huntington Library, 2 miles away from Pasadena Convention Center and 4.5 miles away from Rose Bowl.
12-unit Value-add near Old Town Pasadena (1 unit vacant), Very Well Maintained, First Time for Sale Since 1984, Significant Rental Upside, Easy to Manage and Rent, Upgraded Electrical Panels, Carport Parking, Simple Unit Mix. Proforma CAP Rate 7.14%. VILLA CATALINA - 530-540 N Catalina Ave, a 12-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. These 2 properties have been very well maintained by current family who have owned it since 1984. The properties are located on a quiet residential street on Catalina Ave crossing Villa St, and only minutes away from most of City of Pasadena amenities such as Old Town Pasadena, Lake Ave Shopping District, Rose Bowl area, CALTECH and PCC. It is surrounded by other small apartments and single-family houses and has excellent demographics of ±$120,347 average household income in a 1-mile radius. The properties consist of six-unit apartments each (530 and #540) making up the total of 12 units. They were built in 1953 and 1954, have a total building size of 7882 SF and sits on a large 18,683 SF total lot size (R3 zone – medium high-density). The property offers excellent curb appeal with well-manicured front lawn and center courtyard area. The front half of each property is a single-story layout (total 4 units) and the back half are 2 story apartments (total 8 units). The unit mix is easy to manage and rent with all 1bedroom unit. Each unit is spacious and bright with an average unit size of 788SF (buyer to verify). Two front units have semi-private patio area. The ground floor units have original hardwood flooring, while 2nd floor units have carpet flooring. Each unit has through the wall A/C in living room and bedroom, ceiling fans, tiled kitchen, and tiled bathroom. All tenants are on month-to-month lease and current income is approximately 31% below market. Each unit is separately metered for electricity and gas. Parking is provided by 12 carport spaces at the back (1 for each unit). There is no parking soft story retrofit required. Building is serviced by a shared laundry room (leased machines). The large lot size, R3 zoning (medium high density) and carport parking provide superb opportunity for new owner to add ADUs units in the back. The property is located just two blocks away from Lake Ave and within walking distance to myriads of shopping and other amenities on Lake Ave and Colorado Blvd.
Duplex on Expansive Lot-Discover a rare gem in the heart of Pasadena! Huge Lot with Endless Potential! This well maintained duplex spans 1,484 sq ft on a 9,501 sq ft lot, in the sought-after 91103 Zip Code. With a total of 5 bedrooms. Front Unit 2 bedrooms, 1 bathroom, and 3 bedrooms 1.75 bathrooms at Rear Unit, and a Shed that was roughly used as a studio unit, all of this and there is still a huge backyard leftover. *This property offers incredible flexibility-ideal for multigenerational living, rental income or future development. *KEY FEATURES: Front unit offers 2 bedroom & 1 bathroom, hardwood floors, open concept kitchen a decorative fireplace with built-ins. Rear unit offers 3 bedrooms and 1.75 bathrooms with cozy yet functional layout & private entrance-perfect for extended family, guests, or rental tenants. *Location Perks: Minutes to Old Town Pasadena, the Rose Bowl, Brookside Park, CalTech, & Pasadena's top-rated schools. Easy access to the 210 & 134 freeways, Metro Gold Line, and outdoor recreation spots. *Situated on a quiet, tree-lined street in a highly desirable neighborhood. *Highlights: Zoned R2- Explore the possibility of converting the duplex into a stunning single-family home, with an ADU. Or finish the *ALREADY* there Shed that can be converted to a Third Dwelling Unit, *Prime for future appreciation in a high demand market. *This is more than a home-it's an opportunity with so many possibilities! Don't pass up this unique opportunity to own a piece of Pasadena history with built-in income or multigenerational living flexibility. *Whether you're an investor, homeowner, or developer, 63-65 Yale Street offers unmatched potential in a fantastic Pasadena location. Please get in touch with the listing agents or your real estate professional.
Lamanda Park Neighborhood - Duplex — 2Br/1Ba + 2Br/1Ba Prime 91107 Investment. Residential income property with upside in Pasadena’s "Lamanda Park" neighborhood. This well-kept duplex (2 beds/1 bath per unit) has quick access to Old Pasadena, the Rose Bowl, walking distance to the Rose Parade, Norton Simon Museum, Huntington Library, the 210 freeway, and City of Hope. Strong tenant demand from nearby Caltech, PCC, JPL, Huntington Hospital/City of Hope and corporate corridors keeps vacancies low and rents resilient. Each unit offers natural light, updated kitchens/baths, hardwood/tile floors, and private outdoor space—ideal for long-term holds, mid-term rentals, or owner-occupant.
Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Location, Efficient Unit Mix, High Density Commercial Zoned Lot, Irreplaceable Location with Over 5% Cash-on-Cash Return. a prime 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 being offered for sale at below replacement costs for such a high-quality location and provides an attractive 5.51% Actual CAP Rate and a Low Price per unit. 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, five (5) junior Studio, and three (3) Bachelor (no kitchen) units. The unit mix is perfect and suitable for the location, as it encourages young professionals and a slightly higher turnover, all for a new owner to recapture the future market rent. The location would provide consistent and high demand for rental units like this. Approximately 11 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 at the back of the lot. There is a total of 9 spaces with 8 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.
Highly Desirable Single Story 10-units near Old Town Pasadena, Very Attractive Return w/ 5.25% Current CAP Rate, Excellent Location, Large lot size, Secured Entrance with Private Patio, Almost All Units are Fully Upgraded. 411-417 N Euclid Ave, a very attractive 10-unit Single-story apartment investment, only several blocks north of Old Town Pasadena. This offering provides a very attractive going-in ACTUAL CAP Rate of 5.25% providing consistent and stable cash flow for a savvy investor. The property is a 10-unit single story modern style apartment, and offers strategic location near the Old Town Pasadena, and Rose Bowl area. It was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique because it has a vaulted ceiling layout with most units having their own private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The property has a shared driveway with 405 N Euclid (5-unit next door – also for sale). Parking is provided by 10 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony, so it does not require any SB721 inspection. The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more! The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena’s historic City Hall, it sits just minutes from the California Institute of Technology, PCC, etc.
Prime 3-units + 2 NEW ADUs near Old Town Pasadena, Very Well Maintained, High 5.55% CAP Rate w/ 6.94% Proforma CAP Rate, 1 unit can be delivered vacant, Large Lot, Excellent Location with Superb Demographics. Growth Investment Group California is proud to offer 405 N Euclid Ave, a very attractive Triplex + 2 brand New ADUs investment property only several blocks north of Old Town Pasadena. The property consists of a charming 2 story bungalow building (3 units) and a garage that was converted into 2 brand new ADUs. It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of one (1) x 3bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025. The front building was built in 1898 and has charming architecture with brand new exterior painting and brand-new landscaping. The ground floor unit has a high ceiling. The 2nd floor 3bedroom will be vacant by end of December 2025, will be upgraded and can be delivered vacant by January 2026. It has a large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. One of the front 3 units has been upgraded with high end upgrades. The exterior upgrades include a new entry gate, new parking gate, new exterior painting, completely redone landscaping, and new windows blinds. It has a shared driveway with 411-417 N Euclid Ave that is also for sale (10 units) and can be purchased together. Parking is provided by 5 open space parking – no parking soft story retrofit is required. The property does not have any balcony, so it does require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!
This Charming single story duplex offers a perfect blend of historic character, and modern comfort. Located in the Timless Elegance of Madison Heights!! The main house -900 S. Los Robles features a 3-bedrooms/2baths, English Cottage with 1,487 sf., with a basement and a attic space., large patio and 2 parking spaces The cozy back house- 902 S. Los Robles offer 738 sf of versatile living with a serene large garden. 2 Parking spaces Very rare huge lot and 2 car garage, plus additional parking spaces, potential for 2 story ADU. Both homes boast unique architectural details, including a British Barrel roof and a welcome living room with a brick fireplace. Located in the heart of Pasadena!!Entry of San Marino city. Easy access to the 110 FWY, and Langham Hotel, Old Town Pasadena, S. Pasadena, this property offers unparalleled style and convenience.
Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.
Charming 6-Unit Bungalow Investment – Prime Pasadena Location! Rare opportunity to own a 6-unit, single-story bungalow-style apartment property in the heart of Pasadena, just a block from the historic Bungalow Heaven district. Situated on a large ±16,466 SF R3 lot, this well-maintained asset includes five freestanding structures totaling ±5,230 SF of living space. Each of the six units is a spacious 2-bedroom, 1-bathroom (~870 SF) with excellent layouts and vintage charm. Features include: Freestanding design – no shared walls. Washer/dryer room next to kitchen (some with machines). Beautiful Original hardwood floors, crown molding, wall paneling. Updated bathrooms with tile floors and modern fixtures. Kitchens with tile floors, range, exhaust fan, and water line for fridge. Wall A/C units and ceiling fans to add comfort. One reserved garage parking space per unit with two garage structures and four carport spaces. Listed on the National Register of Historic Places, the property offers potential tax benefits. Key upgrades include copper plumbing, updated electrical, fresh exterior paint, and no soft-story retrofit required. Each unit is individually metered for gas and electricity. Four of the six tenants are long-term, stable residents, all on month-to-month leases, allowing rental upside under AB 1482 (max increase: 5% + CPI/year). Outstanding Location. Minutes from Old Town Pasadena, Lake Avenue, Pasadena City College, and Colorado Blvd. Walk to shops, cafes, museums, and entertainment. Strong local demographics with an average household income of $103,130 within 1 mile. Easy freeway access (210, 110, 134) enables quick commutes to Downtown LA, Glendale, and Burbank. Investor Peace of Mind – Attractive All-Cash Price. Offered at an attractive all-cash price for a quick, hassle-free sale—a rare opportunity where the seller’s loss is the buyer’s gain. This turnkey investment boasts stable cash flow, low maintenance, and future rent growth potential, providing investors with peace of mind and consistent income from day one.
Attractive Interest Only Seller Financing Offered to Well Qualified Buyers (50% down, 12 month interest only at 5.50%, due in 12 months). The Fannie Bonham Row House, located at 221 N Raymond Ave, Pasadena, is the only remaining example of rowhouse construction in the city and a proud recipient of the City of Pasadena’s Historic Preservation Award. Originally built in 1898 and meticulously restored, the property blends late 19th-century architectural character with modern upgrades. Situated in the heart of Old Pasadena’s Historic District, directly adjacent to Pasadena Memorial Park and just steps to the Metro Gold Line, St. Andrew Church, and numerous shopping, dining, and cultural attractions, this investment opportunity is unmatched in location and history. The building offers an attractive unit mix of six (6) single-story 1BD/1BA units and three (3) two-story townhouse-style 2BD/2.5BA units, each townhouse featuring a bonus room off the primary bedroom ideal for a nursery, home office, or additional bedroom. All units enjoy private rear patios, updated systems, separate gas and electric meters, and water submetering, plus access to secure basement storage. Tenants benefit from nearby offsite parking options including the Marriott and other affordable alternatives. Extensive restoration preserved original details with custom-milled Douglas fir siding, crown moldings, and historically accurate window restoration, while integrating modern systems such as updated HVAC, Noritz tankless water heaters, Siemens electrical panels, and a new roof (2017). Financial highlights include a recent $630,000 price reduction, an actual CAP Rate of 5.01% with ProForma CAP Rate of 6.01%, a current GRM of 15.33 (ProForma 13.04), and attractive seller financing available to qualified buyers (50% down, 12-month interest-only at 5.5%). The property also benefits from Mills Act tax protection, with annual property taxes at only $22,325, generating an estimated $30,000 yearly savings—effectively the income equivalent of an additional one-bedroom unit. A rare opportunity to own Pasadena’s last historic rowhouse, offering charm, stability, and strong returns in one of Southern California’s most desirable rental markets.
PLEASE NOT DISTURB TENANTS, DRIVE BY ONLY, This fully occupied 6 units 4 building income property in the heart of Pasadena, Situated within walking distance to Pasadena City College and near by Caltech. Unit #92 - 6 bedrooms 2 bathrooms 2,073 Sq Ft, Unit#94 - 1 , 2 & 3 - each unit 780 Sq Ft and 2 bedrooms 1 bathroom, Unit #98 - 1 bedroom 1 bathroom 528 Sq Ft, Unit #100 - 3 bedrooms 2 bathrooms 1,300 Sq Ft. This property zoned RM32, offers significant development potential 11 units Condo project in one of the most desirable and transit-accessible neighborhoods in the city. This asset allows you to collect income immediately while submitting plans for new construction. That's Unique Investment Opportunity ! ! !
This exceptionally well maintained 10 unit gem sits just steps from Pasadena's highly coveted South Lake District, placingresidents and investors right in the heart of one of the city's most vibrant and desirable neighborhoods. Offering anunbeatable combination of strong, stable rents and incredible location driven demand, this property delivers the idealbalance of dependable cash flow and long term appreciation. With two vacant units to be leased at full market rates, immediate upside is already built in, giving buyers a rare headstart on increased returns. Even better, the completed soft story retrofitting provides added security and peace of mind, ensuring this asset is primed for the future. Well maintained, perfectly positioned, and loaded with potential, this is the kind of investment opportunity that rarely comes to market. Don'tmiss your chance to secure a standout building in one of Pasadena's most sought after districts!
Welcome to 275-285 N Garfield Avenue, a rare multi-parcel investment opportunity nestled in the heart of Pasadena'sprestigious Civic Center District. Spanning two adjacent buildings with a combined total of 35 units, this charming courtyard-style property blends classic Southern California architecture with long-term rental stability. Just steps from Pasadena City Hall, the USC, Pacific Asia Museum, and the Metro Gold Line, this property is a walker's paradise with a 91 Walk Score. Both buildings feature a mixof spacious 1 & 2 bedroom layouts, offering strong in-place cash flow with potential upside through renovation or rent optimization. With high historical occupancy, dedicated parking, andproximity to major employment hubs like Caltech, Kaiser Permanente, and Huntington Hospital, 275-285 N Garfieldrepresents a strategic acquisition in one of Pasadena's most supply-constrained rental markets. Ideal for investors seeking both current income and long-term value appreciation in a prime urban corridor.Multi Family Residential Building, Across 2 APN's2 Level Building20 units in 275 N Garfield Ave19 units 285 N Garfield Ave275 N Garfield Ave 10,331 Sq Ft Living Area285 N Garfield Ave 9,702 Sq Ft Living AreaTotal Living Area Size Across 2 Parcels 20,033 sq ft275 N Garfield Ave 12,266 Sq Ft Lot285 N Garfield Ave 12,748 Sq Ft LotTotal Lot Size Across 2 Parcels 25,014 sq ft26 Combined Surface ParkingBuilt in 1950 & 1955Ideally Situated Near Old Town Pasadena, The PasadenaCourthouse & Central Library, Paseo Colorado and ConvenientAccess to the Major Transportation Routes On Colorado Boulevard and So Much More
BRAND NEW 3-units property in Pasadena’s most desirable location, just minutes from Pasadena City College (PCC), Caltech, and vibrant downtown Pasadena with its many amenities, dining, and entertainment options, plus easy access to major freeways. The front unit offers 3 bedrooms, 2.5 baths, while the rear duplex includes one unit with 3 bedrooms, 3.5 baths, and another with 3 bedrooms, 2.5 baths, a total of 5,219 sq ft of living space. Each residence is thoughtfully designed with modern finishes, two stories, and an attached two-car garage—ideal for multi-generational living, rental income, or a prime investment opportunity.
Presenting Catalina Cottages, a ten-unit multifamily property located just steps from Pasadena’s South Lake District. The unit mix consists of one 2-bedroom, 1-bath unit and nine single units, including two recently added ADUs. The property has undergone recent renovations, including the addition of two ADUs. Several units have been updated, and two units remain with value-add potential. The gated property offers secured access and is located near public transportation, including a nearby Metro station. The South Lake District has seen increased rental demand in recent years, supported by local employment growth. This asset provides in-place income with potential for additional upside through renovation and rent increases. This is an opportunity to acquire a stabilized multifamily property in a high-demand Pasadena neighborhood.
Welcome to 709 & 711 Holliston Avenue, a rare duplex opportunity located in Pasadena's highly sought-after Bungalow Heaven Landmark District. This charming mid-century property features two well-maintained units on a generous lot, offering flexible living and income-generating potential. Unit 709 offers 1 bedroom and 1 bathroom across approximately 630 sq ft, while Unit 711 includes 2 bedrooms and 1 bathroom in approximately 762 sq ft. Each unit enjoys its own private rear yard with patio or decking--perfect for outdoor relaxation or entertaining. Both units are tenant occupied. Features include new wall-mounted air units and fresh exterior paint, providing added comfort and curb appeal. In addition, recent remediation work has been completed, offering peace of mind to future owners.A double-wide driveway provides the ability to park up to four cars, with two side by side, adding exceptional convenience for residents and guests.With a total of 3 bedrooms and 2 bathrooms (per assessor), this duplex is ideal for an owner-user or investor. The property sits on a 5,238 sq ft lot and includes off-street parking. Located near Pasadena City College, Caltech, parks, shops, and public transportation, and just minutes from the Rose Bowl and Old Town Pasadena, this property is a rare find in one of Pasadena's most desirable neighborhoods.
Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bath, Each unit is around 440 Sqft, it has a high rental demand. Four carports plus four parking spaces. All units have individual electrical and gas meters, some units have updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadena’s dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please don’t disturb tenants, offer subject to interior inspection.
Oakland Apartments is an 8-unit apartment building located in the desirable city of Pasadena, CA. This property offers an ideal unit mix of large 1- and 2-bedrom units with amenities that include laminate wood flooring, stainless steel appliances, quartz countertops, custom kitchen cabinetry, and upgraded bathrooms. The property features carport parking spaces, individual gas and electric meters, individual water heaters, new windows, a newly upgraded shared laundry facility which is owned, copper plumbing, and a new roof. The property offers an investor the opportunity to acquire a fully occupied asset in excellent condition with approximately 20% upside. Strong in place rents generate a current cap rate of 5.7%, 7.1% with market rents.
SELLER MAY CARRY - Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, Drawings for 2 ADUs are included. MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio home has a tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas. The property has two shared laundry rooms (machines are seller owned) and a large storage room. Parking is provided by a combination of 9 parking garages (with storage spaces) and several open space parking. Most tenants in this community are long time tenants that are on month to month and are due for rent increases. An additional significant rental upside can be realized when units turn in the future. The property is several blocks north of Old Town Pasadena. It is located east of Los Robles Ave and west of El Molino Ave. It is near the Rose Bowl area (Rose Bowl Stadium, Rose Bowl Aquatics Center, Kidspace Children Museum, and Brookside Golf Course), and just located across from a local Washington Park.
Exceptional opportunity to own a versatile income property in one of Pasadena's most desirable neighborhoods. This beautifully maintained 1924 Craftsman sits on a spacious 7,984 sq. ft. lot and offers multiple rental streams or multi-generational living options, blending timeless character with modern adaptability.The main residence currently features 3 bedrooms and 2 bathrooms, showcasing classic Craftsman details, warm interiors, and thoughtful updates. There's excellent potential to reconfigure the main house into a 2-bedroom, 1-bathroom unit and convert a portion of the existing structure into a 499 sq. ft. Junior ADU (JADU) with its own kitchen and laundry area. All plumbing is already in place, making the conversion more efficient and cost-effective.In addition, a newly constructed 2-bedroom, 1-bathroom ADU (749 sq. ft.) is located at the rear of the property. It features its own kitchen, living room, separate utility meters, and solar panelsideal for generating rental income, housing extended family, or offering private guest accommodations.Enjoy scenic mountain views, beautiful tree-lined streets, and close proximity to some of Pasadena's finest attractions, including the Rose Bowl, Huntington Library, and Norton Simon Museum. Excellent schools, restaurants, and shops are all nearby, creating the perfect balance of city access and residential serenity.With fresh landscaping and significant rental potential, this move-in-ready property presents a rare opportunity to own a piece of Pasadena history while maximizing income and flexibility for the futur
Calling all investors and developers. Prime Pasadena duplex located in a desirable neighborhood with over 11,400 sq ft lot, zoned high density allowing to build up to 12 units townhouse/condos or ADU potential. Featuring 2 bungalow style homes with 2bed 1 bath each and separate car garage. Both tenants are on a month-to-month lease with 2 separate gas & electric meters. Conveniently located 1 block near the Shops on Lake, PCC, Caltech, Old Town, Metro Gold Line and easy access to the 210 & 110fwy. Large flat lot with endless possibilities and future expansion.
all units updated a few years ago, 8 carport parkings at back, low expense, seperate eletric and gas meter, good street. High current rent more then 15k a month
Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena. 5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.
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.
