4.89 CAP RATE ! AND ZERO VACANCY ! RELOCATION FEES PAID The Tenancy Has Been Completed Turned Over With Excellent income The hard work has been done for YOU - TURNKEY investment opportunity Truly One of A Kind Investment Property - Superb Location nearby PCC, Cal Tech, VONS, and In & Out. Extensive "Pride of Ownership" Fully remodeling was done in 2023. The Complex features 6 two-bedroom units and one 3-bedroom unit, These are highly desirable Townhouse-Styled Units with 7 onsite Parking Spaces. Remodeled interiors with newer interior paint, waterproof flooring, lighting and crown moldings throughout, custom cabinetry, quartz countertops, stainless steel appliances, technically upgraded with Nest Thermostats and Ring Cameras. Newer exterior paint, Double glazing windows and glass sliding doors. Exterior termite repairs completed in early 2023. Copper Plumbing. Separate Electricity & Gas Meters. On Site Laundry Room with 2 Sets coin of Machines. total 8 water heaters , 3 new replaced few months ago , one water heater just for the laundry room, so many upgraded, ETC! This property is priced to sell!!! do not miss this one!!!Property is being sold as is .
This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.
This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.
Presenting the Stanton Carriage House, a historically significant investment opportunity in the desirable Grace Hill neighborhood of southwest Pasadena. Built in 1891 by William Stanton, a relative of Abraham Lincoln’s Secretary of War Edwin M. Stanton, this property was designed by renowned architect Frederick Roehrig, known for his iconic buildings on Pasadena’s historic Millionaire’s Row. Now, the Stanton Carriage House serves as a beautifully remodeled three-unit residential property that seamlessly blends timeless elegance with modern comforts. 137 Grace Terrace offers a spacious, sunlit second-floor unit with two bedrooms, one bath, a bonus room, and a versatile sunroom perfect for a home office or gym. Spanning approximately 1,800 square feet, the open layout includes a large living room and an eat-in kitchen that flows into the dining area. Two private balconies off the living room and kitchen provide stunning valley views, ideal for indoor-outdoor living. 135 Grace Terrace features a first-floor, oversized one-bedroom, one-bath unit of about 800 square feet. This apartment boasts a warm atmosphere with a private balcony off the living room and a cozy breakfast nook off the kitchen that can double as a home office. 133 Grace Terrace completes this exceptional property with a ground-floor, two-bedroom, one-bath unit of approximately 800 square feet. It offers a well-designed layout with a bright living area that flows into the kitchen, creating a welcoming environment for daily living or entertaining. Each bedroom is spacious, providing comfortable retreats. Upgrades and Amenities: All units have been fully updated with hardwood floors, tile in kitchens and bathrooms, stone countertops, modern appliances, and new plumbing and electrical systems. Additional features include central air conditioning, tankless water heaters, and private garages. Neighborhood Overview: Grace Hill was once a grand estate featuring Grace Manor and the Stanton Carriage House amid an expansive orange grove. Today, the neighborhood is known for its unique character and proximity to local shops, restaurants, and Old Town Pasadena, just five minutes away. The Stanton Carriage House is perfect for investors seeking a prime income property or homeowners looking for a spacious, historic residence with rental income potential in one of Pasadena’s most desirable neighborhoods.
We are pleased to present our newest offering in the beautiful city of Pasadena. This appealing 14-unit property is nestled in the 91101 Zip Code, surrounded mostly by residential homes in a quaint pocket of the city. Being only a few blocks away from Pasadena city hall and downtown Pasadena, this property boasts easy access to the freeway, and the city's newest and prevalent attractions alike. Offered at an extremely attractive 5% cap rate, 405 N Marengo Street is an invaluable investment for first time buyers or veteran investors alike. With an average square footage of approximately 750 SQ/FT per unit, each unit possesses ample living spaces for modern design and comfortable living. Don't miss the opportunity to acquire a pride of ownership asset in the highly coveted city of Pasadena, with substantial day one income and potential for massive future growth .
Take a look at this unique Pasadena 5 Unit, true value-add investment opportunity in the heart of the desirable Hastings Ranch community! We are pleased to present 3201 Del Vina St, which consists of 5 units including a SFR in the front and 4 additional units in the back. This property is surrounded by nice Single family residential properties and is available for the next owner to renovate and occupy the front house. Per the assessor the property is 5 units, with 3 bedrooms and 5 bathrooms, but the property appears as a traditional SFR from the front. Could be a great opportunity for an extended family or new investor to move into the house while collecting rental income from the guest units in the back! The property has +/-35% rental upside and an opportunity to enter a market with a limited supply of deals available in the $1M range. This property is priced to sell!!! Property is being sold as is where is so bring your paintbrush!
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.
We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with 22% upside, generating a 5.9% cap rate with current rents, 7.9% with market rents.
PRIME LOCATION! PRIDE OF OWNERSHIP. NEAR OLD TOWN PASADENA.
We are pleased to present a rare development and investment opportunity just 1/3 of a mile to the San Marino city limit. The new owner will have the opportunity to develop a brand new, modern 26-unit apartment building project in the Unincorporated area of Pasadena. This development boasts a contemporary design, featuring 31 on-grade parking spaces (NO SUBTERRANEAN) with a highly desirable unit mix, ensuring strong, long term rental demand. The future apartments benefit from the absence of Pasadena City rent control laws, providing a significant advantage for investors by maximizing potential returns.This opportunity is made even more attractive as the project will be delivered with fully approved plans and will be permit-ready (RTI), allowing for a expedited construction process. Additionally, the property's versatility is enhanced by the potential to create two 1+1 ADUs by converting storage rooms into additional units, bringing the total to 28 apartments. This flexibility offers an excellent chance to increase rental income and overall property value.Designed with modern living in mind, each unit will appeal to a wide range of tenants, ensuring high occupancy rates and steady cash flow. The shortage of new construction apartment properties in Pasadena will help this rare building maintain stable and high valuation.Property is currently fully vacant, so no tenant relocations required.
We are pleased to present a rare development and investment opportunity just 1/3 of a mile to the San Marino city limit. The new owner will have the opportunity to develop a brand new, modern 26-unit apartment building project in the Unincorporated area of Pasadena. This development boasts a contemporary design, featuring 31 on-grade parking spaces (NO SUBTERRANEAN) with a highly desirable unit mix, ensuring strong, long term rental demand. The future apartments benefit from the absence of Pasadena City rent control laws, providing a significant advantage for investors by maximizing potential returns.This opportunity is made even more attractive as the project will be delivered with fully approved plans and will be permit-ready (RTI), allowing for a expedited construction process. Additionally, the property's versatility is enhanced by the potential to create two 1+1 ADUs by converting storage rooms into additional units, bringing the total to 28 apartments. This flexibility offers an excellent chance to increase rental income and overall property value.Designed with modern living in mind, each unit will appeal to a wide range of tenants, ensuring high occupancy rates and steady cash flow. The shortage of new construction apartment properties in Pasadena will help this rare building maintain stable and high valuation.Property is currently fully vacant, so no tenant relocations required.
239 S Madison Ave, a beautifully upgraded multifamily investment opportunities located in one of the best locations in Pasadena. Strategically located only a block south of Pasadena Playhouse District, several blocks South of OLD TOWN PASADENA, and within walking distance to Pasadena Convention Center and Lake Ave shopping district – including recently opened Erewhon market on Lake Ave, this community offers superb location and amenities to tenants. Walk Score 89, Bike Score 82. The property is a two-story garden style apartment that has been extensively remodeled. The current owner did not take any shortcut in completing major capital improvements such as brand-new roof (2022), parking soft story retrofit, new asphalt driveway, fully upgraded 14 units with high-end upgrades and brand-new plumbing, brand new landscaping, new exterior paint, updated gate, new high-end Butterfly entry system (intercom + camera for package delivery), new mailboxes, new hand railing system, new irrigation system and other significant improvements. With the major capital improvements completed, this offering provides plug-and-play easy to manage apartment in an amazing location. The property was built in 1951 with a center courtyard layout and spacious units. It has a large living space of ±17,570
5.72% CAP, 12.07 GRM ! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
5.72% CAP, 12.07 GRM ! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
LOCATION!LOCATION!LOCATION! 13 units pride of ownership,near Old Town. This is a Must See.
481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). With CAP Rate Close to 5% in a Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029!!!! 2 story building was built in 1903 and single story building was built in 1952. BOTH BUILDINGS EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
LOCATION!LOCATION!LOCATION! 12 units pride of ownership,near Old Town, Surrounded by new construction. Many units have formal dining rooms .newer paint & dual glazed windows. Upside in rents. This is a Must See. Xlnt for 1031 exchange..
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.
The quadruplex on Berkeley Avenue is situated on a meticulously landscaped ± 9,013 square feet of land north of Interstate 210 and one block from East Colorado Boulevard. The property offers convenient access to grocery stores, pharmacies, restaurants, and specialty retail. The quadruplex is within walking distance to Pasadena City College and just minutes from the Pasadena Playhouse District of Pasadena, Old Town Pasadena, The Shops on Lake Avenue, and the Paseo Colorado. The quadruplex on Berkeley Avenue comprise of one, three-bedroom/two-bathroom house and three, one-bedroom/one-bathroom apartments. The bungalow-style front house offers a spacious living room, fireplace, dining area, kitchen, and laundry as well as many updates including central air and heat, new paint, newer roof, wood floors, and California basement. It also features an enclosed yard with a patio, white picket fence, lush mature landscaping and separate two-car garage. At the rear of the property there are three spacious one-bedroom/one-bathroom units that are fully-equipped with kitchens, appliances, wall air conditioning and heating, vertical blinds and ceiling fans. Common area features include private patios, two additional garages and on-site laundry. Located within Los Angeles County, the city of Pasa
411 North Summit Avenue is a charming 18-unit garden-style apartment in Pasadena that has been well-maintained by the same owner for nearly 20 years. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Marengo Avenue and east of North Raymond Avenue. It boasts an 86 “Walk Score†and a 98 “Bike Scoreâ€. The two-story property was built in 1963 on a slab foundation and boasts 11,521 rentable square feet. It is situated on a 17,002 square foot lot. It features a strong unit mix of four studios, ten one-bedroom/one-bathroom units, and four two-bedroom/one-bathroom units. The property offers on-site laundry (new machines were purchased last year) , and 19 parking spaces. There are 11 carport spaces, seven tuck-under spaces, and one open space. Seismic retrofit for tuck-under spaces has not been completed by the Seller. Within the past 10 years, all the plumbing has been replaced with copper, the gas line was replaced, subpanels and main breakers were replaced, and all the shower tubs were replaced. Within the past five years, the roof was treated with a 50 year silicone recoating. Select units have been tastefully renovated with vinyl flooring, new cabinets, granite countertops, ceiling fans, recessed l
389 North Oakland Avenue is a charming seven-unit apartment in Pasadena that has been diligently maintained by the same owner for nearly 25 years. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Madison Avenue and east of Los Robles Avenue. It boasts an 83 “Walk Score†and a 91 “Bike Scoreâ€. The two-story property was built in 1957 and is 5,666 square feet. It is on a raised foundation, and it is situated on a 9,755 square foot lot. It has a pitched composition, shingle roof that was replaced less than 15 years ago. It features a strong unit mix of six one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. The property offers two washers and two dryers owned by the building, and 9 parking spaces. There are two one-car garages, 5 carport spaces, and two open spaces. There is no tuck-under parking. Electrical subpanels have been replaced within the past 10 years. The plumbing is all copper. Units utilize wall air-conditioning units. The property is individually metered for gas and electricity. The Owner pays for water, trash, sewer, and common area gas and electricity. Buyer to verify all information provided.
420 North Los Robles Avenue is a charming 12-unit apartment in Pasadena that is being offered for sale for the first time in over four decades. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Oakland Avenue and east of North Euclid Avenue. It boasts an 85 “Walk Score†and a 95 “Bike Scoreâ€. The property comprises two two-story buildings on a raised foundation. The front building contains eight units and was built in 1924. The back building, which has a pitched roof composition, has four units and was built in 1890/1926. The buildings total 5,747 square feet. It is situated on a 10,809 square foot lot. The front building is composed of eight studios, and the back building is composed of two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/one-and-a-half-bathroom unit. Three of these four units have been recently renovated with vinyl flooring, new cabinets, granite countertops, recessed lighting, microwaves, refinished shower and tub, ceiling fans, and new windows. The main line for these four units in the back was replumbed last year. The entire property also has new subpanels and copper plumbing. The roof on the back building was replaced two years ago and
Residential income in the highly desirable area of Pasadena. 2 separate structures. Property will be leased back by the owner for $10,000.00 per month Triple net. Tenant will execute a new five year lease with annual rent adjustments. Owner operates a program for teenagers and their families. The program is after school only and not overnight. Owner operates six additional facilities and is wanting to expand. Name of the program is Insight treatment.
Welcome to 1798 N Summit Ave in Pasadena, CA! This property is a duplex, offering a unique opportunity for homeowners, investors, or anyone that is looking to add to their portfolio. With a spacious living area of 2286 square feet, this property provides comfortable living spaces for its residents. Situated on a generous 15,000 square foot lot, this duplex offers ample outdoor space, providing opportunities for potential expansions and developments. The large lot size offers additional privacy and room to customize the property to suit your needs. Each unit in this duplex features its own separate entrance, ensuring privacy and convenience for both residents. The well-designed floor plan includes one 3 bedroom/ 1 bath and one 4 bedroom/ 2 bath unit. The property is conveniently located near the 210, with easy access to nearby amenities such as shopping centers, restaurants, and parks. Its proximity to major transportation routes allows for a quick commute to downtown Pasadena and other neighboring areas. With its desirable duplex configuration, spacious living area, and a generous lot size, 1798 N Summit Ave presents a fantastic opportunity to own in a desirable area. Don't miss out on the chance to make this property your own!
Perfect investment opportunity in high-demand rental area with excellent unit mix, upside potentials and no rent control. Renovated kitchens, baths, flooring and more, laundry inside each unit. Conveniently located within close proximity to Rose Bowl, Huntington Library, Altadena Town & Country Club, hiking trails, golf courses and parks. Section 8 tenants in #1733 and #1735. Tenant in #1731 stopped paying rent since December 2021.
The median home value in Pasadena, CA is $1,138,000. 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 $1,138,000. 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 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.