$3,500,000

103 N Catalina Ave Pasadena, CA 91106

Playhouse Village Neighborhood

Estimated payment $21,892/month

Total Views 6,796
4 Beds
3 Baths
4,250 Sq Ft
$824 Price per Sq Ft

Highlights

  • Wood Flooring
  • Two cooling system units
  • Bungalow
  • No HOA
  • Laundry Room
  • Forced Air Heating System

About This Home

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.

Listing Agent

Nick Borrelli

Coldwell Banker Realty Brokerage Phone: 626-484-7975 License #01481673 Listed on: 07/15/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,999 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Bungalow
  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 4,250 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Driveway
  • Automatic Gate

Utilities

  • Two cooling system units
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 5738003016
  • $2,359 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Gross Income $233,340
  • Net Operating Income $171,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Automatic Gate
  • View: No
  • Zoning: PSR4
  • Architectural Style: Bungalow
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5738003016
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Price Per Square Foot: 823.53

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8999.00
  • Lot Size Acres: 0.2066

Multi Family

  • Average1 Bed Area: 375 Square Feet
  • Average2 Bed Area: 645 Square Feet
  • Average Studio Area: 375 Square Feet
  • Gross Income: 233340.00
  • Gross Scheduled Income: 233340.00
  • Lot Size Area: 8999.0000 Square Feet
  • Net Operating Income: 171760.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 61580.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 4623.02
  • Tax Lot: 22
  • Tax Tract Number: HULL
  • TaxOtherAnnualAssessmentAmount: 2359.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2025 07/15/25 For Sale $3,500,000 0.0% $824 / Sq Ft
07/31/2017 07/31/17 Rented $1,195 +1.7% --
07/19/2017 07/19/17 Under Contract -- -- --
07/18/2017 07/18/17 Price Changed $1,175 -1.7% $2 / Sq Ft
06/23/2017 06/23/17 Price Changed $1,195 +1.7% $2 / Sq Ft
06/16/2017 06/16/17 For Rent $1,175 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25158440

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91106 Playhouse Village

103 N Catalina Ave, Pasadena, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Nick Borrelli
Listing Agent
Nick Borrelli
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Coldwell Banker Realty
(626) 484-7975