$2,195,000

Estimated payment $14,248/month

8 Beds
6 Baths
4,407 Sq Ft
$498 Price per Sq Ft

About This Home

Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY

Listing Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 09/01/2026

Co-Listing Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,265 Sq Ft Lot
  • Lot Dimensions are 60x130

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 4,407 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • Driveway
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5735-016-006

Property Details

Home Type

Multi-Family

Lot Details

8,265 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Cape Cod
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4407
  • Lot Acreage: 0.1897
  • Lot Dimensions: 60x130
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Microwave, Range/Oven
  • Price Per S Q F T: 498.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered, Driveway - Concrete

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 716829
  • Assessed Land Percent: 70
  • Assessed Land Value: 1672607
  • Total Assessed Value: 2389436
  • Assessor Parcel Number: 5735-016-006
  • Lot Size Area: 8265

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.31
  • Number Of Units: 6
  • Type Of Units: 1s and 2s

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2026 09/01/26 For Sale $2,195,000 -- $498 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26942719

The MLS
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