$2,750,000

Estimated payment $17,345/month

Total Views 3,082
8 Beds
8 Baths
3,520 Sq Ft
$781 Price per Sq Ft

About This Home

Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bath, Each unit is around 440 Sqft, it has a high rental demand. Four carports plus four parking spaces. All units have individual electrical and gas meters, some units have updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadena’s dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please don’t disturb tenants, offer subject to interior inspection.

Listing Agent

Fred Lam

IRN Realty Brokerage Phone: 626-695-6006 License #01099825 Listed on: 07/01/2025

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,519 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 7592
  • Assessor Parcel Number 5745001025
  • $1,618 per year additional tax assessments

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,000
  • Trash Expense $1,200
  • Water Sewer Expense $4,000
  • Operating Expense $53,000
  • Gross Income $178,388
  • Net Operating Income $123,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Price Per Unit: 343750
  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Zoning: PSR1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5745001025
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 781.25

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7519.00
  • Lot Size Acres: 0.1726

Multi Family

  • Gross Income: 178388.00
  • Gross Scheduled Income: 178388.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 7519.0000 Square Feet
  • Net Operating Income: 123388.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53000.00
  • Rent Control: No
  • Total Expenses: 53000.00

Tax Info

  • Tax Census Tract: 4627.00
  • Tax Lot: 3
  • Tax Tract Number: 7592
  • TaxOtherAnnualAssessmentAmount: 1618.00

Map

Range of Values:

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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 Change Sq Ft Price
07/01/2025 07/01/25 For Sale $2,750,000 +46.7% $781 / Sq Ft
02/07/2022 02/07/22 Sold $1,875,000 -1.3% $533 / Sq Ft
11/30/2021 11/30/21 For Sale $1,900,000 +1.3% $540 / Sq Ft
10/30/2021 10/30/21 Off Market $1,875,000 -- --
10/20/2021 10/20/21 Price Changed $1,900,000 -2.6% $540 / Sq Ft
10/10/2021 10/10/21 For Sale $1,950,000 +4.0% $554 / Sq Ft
09/09/2021 09/09/21 Off Market $1,875,000 -- --
08/09/2021 08/09/21 Price Changed $1,950,000 -1.5% $554 / Sq Ft
07/21/2021 07/21/21 For Sale $1,980,000 -- $563 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25147301

California Regional Multiple Listing Service (CRMLS)