Pasadena CA Multi Family for Sale
$1,595,000
1680 Corson Street Pasadena, CA 91106
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.19 Acres
- Year built:
- 1921
- Baths:
- MLS#:
- CRAR24251271
View additional info
Courtesy: DPP
ADDITIONAL INFORMATION
WELL MAINTAINED TRIPLEX! Conveniently located just South of the 210 Freeway, this property offers the new owner numerous options. The front house measures approx. 1,345 SF +/-, was built in 1921 and tastefully updated. The home consists of 3 bedrooms, 2 baths, spacious living room, updated kitchen with granite counters and built-in appliances, indoor laundry, central air & heat and ample on-site parking. The rear duplex was built in 1989. Each unit measures approx. 1,000 SF +/- and offers 2 bedrooms and 2 baths, an inviting open concept kitchen dining area, spacious living area, indoor laundry, central air & heat and ample natural light. (Buyer to independently verify square footage info.) The building features 6 carport spaces in addition to 1 uncovered parking space on the driveway. Other amenities include, C/A & heat in each unit, updated plumbing and electrical and professional landscaping. Each unit has its own water heater and they are separately metered for gas and electricity. Buyer to check and verify with the City of Pasadena about the possibility to convert part of the parking area into an ADU. The property is subject to local Pasadena rent control, so buyers are encouraged to verify and familiarize with local laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.
$4,100,000
112 Mar Vista Avenue Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 6,920
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- AR24245071
ADDITIONAL INFORMATION
A very well-maintained property in an excellent location only several blocks away from CALTECH and Pasadena City College. With a walk score of 94 and proximity to many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd, this community offers an ease of management and easy to rent investment. Offered at close to 5% CAP Rate, this investment presents an excellent opportunity for savvy investors to buy a very well-located apartment with no known deferred maintenance and excellent in-place rents. The property was built in 1959 and situated on southeast corner of Mar Vista Ave and Union St. It has a total of ±6,920SF building size and is situated on a large ±8,744SF R4 lot. It has small lawn in the front with side paver stone courtyard that provides easy access to units. The roof is in excellent condition and the property has updated exterior paint. It offers an excellent unit mix of two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. Approximately 8 out of 10 of the units have had upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. There are 9 parking spaces provided by carports in the back – there is no soft story retrofit required. Parking is secured by an automatic parking gate. There is a shared laundry room with seller’s own machines. Each unit is separately metered for gas and electricity. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. Boasting a Walk Score of 94 with SUPERB demographics, it offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around ±1.8miles from Old Town Pasadena. It is also just minutes from The Pasadena Convention Center, Norton Simon Museum, Pacific Asia Museum, shopping and dining in the area. The property has superb access to FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.
$1,350,000
409 Mar Vista Avenue Pasadena, CA 91106
- Type:
- Triplex
- Sq.Ft.:
- 2,389
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- AR24245044
ADDITIONAL INFORMATION
409 N Mar Vista Ave, a value-add Triplex (3 unit) apartment community in the City of Pasadena. First time ever offered for sale since 1998 (26 years), the property offers desirable single story bungalow layout and consists of a single story SFR, and single-story duplex on the same lot. The property offers a strategic location near Old Town Pasadena, and Rose Bowl. This offering provides an excellent opportunity for a first-time apartment investor or even an owner-user to put their personal touch in a building w/ character and add value in the process. Property is FULLY occupied with tenants, and will be delivered with tenants in place (SEE AGENT REMARK). The property was built in 1928, has a total of ±2,389 SF building size and situated on a large ±11,038 SF R4 zoned lot. It offers an excellent unit mix of front house 2bedroom + 1bathroom, and a detached back duplex that consists of two (2) x 1bedroom+1bathroom units. Each building has a large private backyard and an attached garage (ideal for ADU conversion). It offers ease of maintenance and high demand due to its location and layout. Each unit is unique with plenty of charm and characters, the front house #409 and back unit #411-1/2 have arched ceiling in the living room, front house has central HVAC unit, each unit has original hardwood floor, dining area, laundry hookups, large private backyard, and so much more. The property offers ample parking with a total of 6 spaces provided by 2 attached garages which are primed for ADU’s conversions, and 4 open spaces. The property has a shared gate and driveway with the next-door property (413) and the parking gate is powered by next door property. Make sure to see agent remark.
$1,600,000
39 Michigan Avenue Pasadena, CA 91106
- Type:
- Mixed Use
- Sq.Ft.:
- 2,256
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1910
- Baths:
- MLS#:
- PW24242240
ADDITIONAL INFORMATION
ON THE TOURNAMENT OF ROSES ROUTE! A well maintained turn of the century home with 8 bedrooms and 4 baths currently used as a boarding house (county information is not correct) It's unique two story layout with basement includes five bedrooms down and 3 bedrooms up Each level has its own kitchen Bathrooms total 4; each level has a common bathroom , plus a full bathroom in units#2 and unit#3. The home includes a basement AND an attic, a detached garage total of 9 parking places, 8 in the rear and 1 in the front. Currently being used as a boarding house with good occupants. Highest and best use? A great opportunity for a large family, homeowner, investor and developer in the great city of Pasadena PLEASE DO NOT DISTURB THE OCCUPANTS DRIVE BY ONLY The in house property manager and occupants would love to remain in the property which will be sorted out in the near future based on interested buyers/investors and accepted offers
$7,995,000
160 Michigan Avenue Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 14,742
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- AR24243115
ADDITIONAL INFORMATION
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.
- Type:
- Apartment
- Sq.Ft.:
- 3,619
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1937
- Baths:
- MLS#:
- WS24235553
ADDITIONAL INFORMATION
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.
$2,400,000
580 Holliston Avenue Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 4,744
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- PW24219093
ADDITIONAL INFORMATION
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.
$1,375,000
1302 Villa Street Pasadena, CA 91106
- Type:
- Cluster
- Sq.Ft.:
- 2,927
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.21 Acres
- Year built:
- 1923
- Baths:
- 4.00
- MLS#:
- 24455327
ADDITIONAL INFORMATION
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!
$3,200,000
147 Michigan Avenue Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 6,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1956
- Baths:
- MLS#:
- AR24185038
ADDITIONAL INFORMATION
Significant Price Drop... Highly Motivated Seller... This meticulously maintained 7-unit building, located in a prime area just south of the 210 freeway in Pasadena, spans 6,050 rentable square feet and offers a mix of unit configurations: one unit with 3 bedrooms and 2 bathrooms, four units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. Each unit boasts spacious layouts with abundant natural light and excellent ventilation. Completely remodeled in 2017, all 7 units feature copper piping, central AC/Heat, new kitchens, bathroom, and flooring throughout. Three units also feature in-unit laundry, offering added convenience to these modern, comfortable living spaces. Recent upgrades include a newly constructed electrical room with a 400-amp main breaker panel, ensuring compliance with city code at 60 amps per unit. Ideally located just minutes from Old Town Pasadena with easy freeway access, the property is close to Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Colorado Boulevard’s top restaurants and amenities are nearby, enhancing its appeal to tenants. Its prime location and high demand ensure strong long-term returns and a solid hedge against inflation.
$3,300,000
59 Meridith Avenue Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 4,952
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- WS24164590
ADDITIONAL INFORMATION
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.
$3,500,000
306 California Boulevard Pasadena, CA 91106
- Type:
- Apartment
- Sq.Ft.:
- 5,803
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- AR24148234
ADDITIONAL INFORMATION
PRIME LOCATION! PRIDE OF OWNERSHIP. NEAR OLD TOWN PASADENA.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1946
- Baths:
- MLS#:
- CRP1-16335
View additional info
Courtesy: Coldwell Banker Realty
ADDITIONAL INFORMATION
Located in a prime Pasadena residential area, within proximity to PCC, Cal Tech, Art Center College, S. Lake Shopping district, Old Town, Rose Bowl, and Downtown LA, this wonderful investment income property consists of one detached 2-bed/1 bath, one detached 1-bed+den/1 bath (can be used as 2 beds), and four studio units at the back. The front unit has a newer roof, one of the studio units has current upgrades. There are laundry equipment on site owned by the landlord for additional income, and plenty of parking spaces. Please do not miss the opportunity to own this 6-units income property in the highly desirable and beautiful City of Pasadena. Current rents are below market value due to long term tenants. It has value-add and also redevelopment/ADU potentials. Buyer to verify all zoning, permits and square footage information. Please do not walk on the property without prior permission from listing agent and do not disturb the tenants.
Pasadena Real Estate
The median home value in Pasadena, CA is $1,023,900. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Pasadena, CA is $1,023,900. Approximately 38.05% of Pasadena homes are owned, compared to 51.87% rented, while 10.08% are vacant. Pasadena real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pasadena real estate agent to arrange a tour today!
Pasadena, California 91106 has a population of 138,771. Pasadena 91106 is less family-centric than the surrounding county with 29.06% 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 91106 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 91106 is 39.1 years.
Pasadena Weather
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.