$2,589,000

Estimated payment $15,522/month

10 Beds
10 Baths
4,475 Sq Ft
$579 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Mountain View
  • Pasadena High School Rated A
  • Craftsman Architecture
  • Property is near park and public transit

About This Home

Rare opportunity to own four attractive Craftsman-style units in a prime Pasadena location near Pasadena City College, California Institute of Technology, and the vibrant Lake Avenue shopping and dining district. Built in 2004, the property features two separate buildings with a well-designed mix of spacious townhouse-style units and strong rental appeal. The front building consists of two thoughtfully designed townhouse-style units, each offering 3 bedrooms and 2.5 bathrooms. The open-concept ground floors include generous living rooms with dining area, functional kitchens, powder rooms, and convenient indoor laundry closets. Back doors lead to private rear patios overlooking a beautifully maintained common area with mature landscaping and a tranquil fountain setting. The rear building includes an additional 3-bedroom, 2.5-bath townhouse-style unit plus a desirable upstairs 1-bedroom unit. Each tenant enjoys the convenience of a private detached two-car garage located at the rear of the property. This unique opportunity offers an appealing mix of stability and upside potential, with two long-term tenants currently on leases and two units on month-to-month agreements. Excellent location with close proximity to shopping, dining, schools, and major commuter routes makes this a compelling investment opportunity in one of Pasadena’s most sought-after rental markets.

Listing Agent

Donna Baker

JohnHart Corp. Brokerage Phone: 626-487-0820 License #01308772 Listed on: 05/11/2026

Co-Listing Agent

Gina Ammon

JohnHart Corp. Brokerage Phone: 626-487-0820 License #01498679

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 10,135 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 8 Car Garage
  • Parking Available

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof

Interior Spaces

  • 4,475 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Living Room
  • Center Hall
  • Laundry Room

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Property is near park and public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 5747004057
  • $1,413 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $600
  • Operating Expense $3,200
  • Gross Income $10,783
  • Net Operating Income $10,783

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

10,135 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5747004057
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood, Laminate
  • Entry Level: 1
  • Price Per Square Foot: 578.55
  • Room Type: Laundry, All Bedrooms Up, Center Hall, Kitchen, Living Room, Primary Suite

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights, Storm Drains, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Landscaped, Level, Near Public Transit, Park Nearby, Front Yard, Lot 10000-19999 Sqft, Lawn
  • Lot Size Sq Ft: 10135.00
  • Lot Size Acres: 0.2327

Rental Info

  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Gross Income: 10783.00
  • Gross Scheduled Income: 11282.50
  • Insurance Expense: 2000.00
  • Lot Size Area: 10135.0000 Square Feet
  • Net Operating Income: 10782.50
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Actual Rent: 11282.50
  • Total Expenses: 3200.00

Tax Info

  • Tax Lot: 46
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 1413.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,417 $1,785,560 $1,249,895 $535,665
2024 $20,417 $1,750,550 $1,225,388 $525,162
2023 $20,247 $1,716,226 $1,201,361 $514,865
2022 $19,553 $1,682,575 $1,177,805 $504,770
2021 $18,752 $1,649,584 $1,154,711 $494,873
2020 $18,009 $1,632,670 $1,142,871 $489,799
2019 $18,056 $1,600,658 $1,120,462 $480,196
2018 $18,331 $1,569,274 $1,098,493 $470,781
2016 $17,746 $1,508,338 $1,055,838 $452,500
2015 $17,552 $1,485,683 $1,039,979 $445,704
2014 $17,192 $1,456,582 $1,019,608 $436,974
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2026 05/11/26 For Sale $2,589,000 0.0% $579 / Sq Ft
05/01/2022 05/01/22 Rented $3,150 0.0% --
04/22/2022 04/22/22 Under Contract -- -- --
04/20/2022 04/20/22 Off Market $3,150 -- --
04/16/2022 04/16/22 For Rent $3,150 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Grant Deed $1,450,000 Chicago Title
Quit Claim Deed -- None Available
Grant Deed -- Southland Title
Grant Deed -- --
Grant Deed $1,400,000 Equity Title Company
Grant Deed -- --
Interfamily Deed Transfer -- South Coast Title
Grant Deed $240,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $970,000 New Conventional
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $980,000 Purchase Money Mortgage
Previous Owner $168,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR26102429

California Regional Multiple Listing Service (CRMLS)

APN: 5747-004-057

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