$2,499,900

Estimated payment $15,702/month

13 Beds
12 Baths
8,945 Sq Ft
$279 Price per Sq Ft

Highlights

  • Open Floorplan
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Blair High School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

This exceptionally well maintained 10 unit gem sits just steps from Pasadena's highly coveted South Lake District, placingresidents and investors right in the heart of one of the city's most vibrant and desirable neighborhoods. Offering anunbeatable combination of strong, stable rents and incredible location driven demand, this property delivers the idealbalance of dependable cash flow and long term appreciation. With two vacant units to be leased at full market rates, immediate upside is already built in, giving buyers a rare headstart on increased returns. Even better, the completed soft story retrofitting provides added security and peace of mind, ensuring this asset is primed for the future. Well maintained, perfectly positioned, and loaded with potential, this is the kind of investment opportunity that rarely comes to market. Don'tmiss your chance to secure a standout building in one of Pasadena's most sought after districts!

Listing Agent

Jae Buck

Meridian Capital Realty License #01880768 Listed on: 11/22/2025

Co-Listing Agent, Showing Contact

Matthew Helganz

Meridian Capital Realty License #01435250

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • No Sprinklers

Interior Spaces

  • 8,945 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 5735023018

Community Details

Building Details

  • Rent Control
  • Insurance Expense $7,400
  • Professional Management Expense $10,368
  • Trash Expense $5,451
  • Operating Expense $63,855
  • Gross Income $177,984
  • Net Operating Income $114,129

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 10368.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5735023018
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 279.47

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 10.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5451.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 11289.00
  • Lot Size Acres: 0.2592

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 177984.00
  • Gross Scheduled Income: 175611.00
  • Insurance Expense: 7400.00
  • Lot Size Area: 11289.0000 Square Feet
  • Net Operating Income: 114129.00
  • Number Of Units Total: 10
  • Operating Expense: 63855.00
  • Rent Control: Yes
  • Total Expenses: 63855.00

Tax Info

  • Tax Lot: 15

Map

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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
11/22/2025 11/22/25 For Sale $2,499,900 -- $279 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-25025

Pasadena-Foothills Association of REALTORS®