$1,250,000

Estimated payment $7,430/month

4 Beds
4 Baths
2,016 Sq Ft
$620 Price per Sq Ft

Highlights

  • Mountain View
  • Living Room
  • Carpet
  • No HOA
  • Level Lot
  • 4-minute walk to Allendale Park

About This Home

Prime Pasadena location near Madison Heights, Metro Gold Line and Old Town Pasadena. Offering an excellent opportunity to own a four-unit multifamily property in a highly desirable area.

The property consists of four 1-bedroom, 1-bathroom units, providing a total of four units, along with four detached carport parking spaces. Each unit offers a straightforward layout with strong potential for updating and repositioning.

The property is located on a prime Pasadena street, close to shopping, restaurants, transportation, and many of the amenities that make Pasadena such a sought-after market. While the property is in need of updating, this is an opportunity to invest in the location and underlying potential of the property.

The property is zoned RM-32-HL-1, offering potential for additional development, including the possibility of adding another unit or pursuing a new construction project, subject to city approval and applicable zoning requirements.

With four existing units, dedicated carport parking, a desirable Pasadena location, and potential for future development, this property presents an attractive opportunity for an investor, owner-user, or developer looking to add value in one of the San Gabriel Valley's most established markets.

Buyer to verify zoning, development potential, permits, square footage, and all property information with the City of Pasadena and appropriate professionals.

Listing Agent

Pam DelRey

Art Del Rey Realty, Inc. Brokerage Phone: 626-841-2387 License #00864033 Listed on: 08/24/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,638 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Plaster

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carpet
  • Mountain Views
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 7776
  • Assessor Parcel Number 5324004005
  • $1,087 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,129
  • Gardener Expense $1,080
  • Insurance Expense $3,462
  • Pest Control $135
  • Trash Expense $600
  • Water Sewer Expense $1,435
  • Operating Expense $26,198
  • Gross Income $67,415
  • Net Operating Income $39,422

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

7,638 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1435.00
  • Property Condition: Fixer
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 5324004005
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 620.04
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • View: Mountain(s)
  • Pool Private: No
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Cable Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Refrigerator, Gas Water Heater, Gas Range
  • Heating Type: Wall Furnace
  • Pest Control Expense: 135.00
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, 2-5 Units/Acre
  • Lot Size Sq Ft: 7638.00
  • Lot Size Acres: 0.1753

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Electric Expense: 3129.00
  • Gross Income: 67415.00
  • Gross Scheduled Income: 67415.00
  • Insurance Expense: 3462.00
  • Lot Size Area: 7638.0000 Square Feet
  • Net Operating Income: 39421.70
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 26198.30
  • Rent Control: Yes
  • Total Actual Rent: 4189.00
  • Total Expenses: 26198.30

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 7776
  • TaxOtherAnnualAssessmentAmount: 1087.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax 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.

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 $6,862 $515,109 $331,146 $183,963
2024 $6,505 $505,009 $324,653 $180,356
2023 $6,449 $495,108 $318,288 $176,820
2022 $6,239 $485,401 $312,048 $173,353
2021 $5,993 $475,884 $305,930 $169,954
2019 $5,784 $462,011 $296,857 $165,154
2018 $5,791 $452,958 $291,037 $161,921
2016 $5,585 $435,140 $279,737 $155,403
2015 $5,521 $428,605 $275,536 $153,069
2014 $5,434 $420,210 $270,139 $150,071
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
08/24/2026 08/24/26 For Sale $1,250,000 -- $620 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase 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 Type Sale Price Title Company
Grant Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Grant Deed -- First American Title Company O
Grant Deed -- Equity Title Company
Grant Deed -- Equity Title Company
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $381,000 New Conventional
Previous Owner $450,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Pam DelRey

Art Del Rey Realty, Inc.

(855) 709-4246

Section Image

I'm an expert real estate agent with Art Del Rey Realty, Inc. in Arcadia, CA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you. Our company is the oldest real estate company in Arcadia. I've been a licensed Broker for the past

Pam's Other Listings

  • 2721 S Fremont Ave, Alhambra, CA 91803

    $1,198,000 $90K PRICE DROP

    • 4 Beds
    • 4 Baths
    • 2,230 Sq Ft
    • 2721 S Fremont Ave
    • Alhambra, CA

    **2721–2723 S. Fremont Ave., Alhambra**An attractive four-unit multifamily investment opportunity in the highly desirable City of Alhambra featuring 4- 1 Bedroom, 1 Bath units, this well-maintained property offers stable rental income, long-term tenancy, and an exceptional San Gabriel Valley location with convenient access to major employment centers, universities, medical facilities,

    Pam DelRey Art Del Rey Realty, Inc.

    Section Image
  • 9720 Workman Ave, Temple City, CA 91780

    $992,500 Sold May 15, 2026

    • 3 Beds
    • 1 Bath
    • 1,198 Sq Ft
    • 9720 Workman Ave
    • Temple City, CA

    Charming single-level single-family home ideally located near shops, parks and schools. This bright residence offers 3 bedrooms and 1 updated bath, a welcoming living room with fireplace, and a dining area. Interior has been freshly painted and features new wood laminate flooring throughout. The kitchen has new cabinets and countertops, and the bathroom includes a new vanity. Recent upgrades

    Pam DelRey Art Del Rey Realty, Inc.

  • 9959 Garibaldi Ave, Temple City, CA 91780

    $1,380,000 Sold Jul 14, 2026

    • 3 Beds
    • 3 Baths
    • 2,076 Sq Ft
    • 9959 Garibaldi Ave
    • Temple City, CA

    Nestled in a prime peaceful pocket of Temple City, this charming 3 bedroom, 2.5 bath single family home offers a perfect blend of vintage character and spacious modern living. Spanning approximately 2076 square feet on an expansive 10,706 square foot lot, this residence is a true suburban retreat. Step into a welcoming living room anchored by a classic fireplace and seamless dining area, all

    Pam DelRey Art Del Rey Realty, Inc.

  • 584 W Huntington Dr Unit A, Arcadia, CA 91007

    $791,000 Sold Oct 31, 2025

    • 3 Beds
    • 3 Baths
    • 1,382 Sq Ft
    • 584 W Huntington Dr
    • Unit A
    • Arcadia, CA

    This Beautifully updated 3-bedroom, 3-bath corner unit townhome in the heart of Arcadia, ideally located across from the Santa Anita Shops and just minutes from shopping, dining, and entertainment and Santa Anita Golf Course. This spacious home features fresh paint, new laminate flooring, and central air and heat for year-round comfort. Enjoy the convenience of a 2-car attached garage and the

    Pam DelRey Art Del Rey Realty, Inc.

  • 1718 S Mcpherrin Ave, Monterey Park, CA 91754

    $968,000 Sold May 22, 2026

    • 3 Beds
    • 1 Bath
    • 1,115 Sq Ft
    • 1718 S Mcpherrin Ave
    • Monterey Park, CA

    City light views. Charming single level home nestled on a quiet cul- de- sac in desirable Monterey park. This 3 Bedroom, 1 Bath residence offers 1115 sq.fr. of living space on a generous sized lot. This home blends classic character with fresh updates, including newly painted interior and exterior. Step inside to a spacious living room featuring beautiful wood flooring, perfect for relaxing or

    Pam DelRey Art Del Rey Realty, Inc.

  • 1521 Marendale Ln, Arcadia, CA 91006

    $1,625,000 Sold Aug 28, 2025

    • 3 Beds
    • 2 Baths
    • 2,064 Sq Ft
    • 1521 Marendale Ln
    • Arcadia, CA

    Charming Ranch-Style Home in Highland Oaks with Arcadia Schools Welcome to this beautifully maintained 3-bedroom, 2-bathroom single-level Ranch-style home, ideally located in the highly sought-after Highland Oaks neighborhood of Arcadia. Situated within the prestigious Arcadia Unified School District, this residence offers comfort, character, and convenience on a picturesque tree-lined street.

    Pam DelRey Art Del Rey Realty, Inc.

  • 1662 Wilson Ave, Arcadia, CA 91006

    $1,730,000 Sold Jun 18, 2026

    • 3 Beds
    • 2 Baths
    • 1,974 Sq Ft
    • 1662 Wilson Ave
    • Arcadia, CA

    Nestled in the highly desirable Highland Oaks neighborhood of Arcadia, this charming single-level home is being offered for the first time in over 50 years. Pride of ownership is evident throughout this well-maintained residence featuring 3 bedrooms and 2 bathrooms. Step inside to a welcoming living room with beautiful hardwood floors and a cozy fireplace, perfect for relaxing or entertaining.

    Pam DelRey Art Del Rey Realty, Inc.

  • 707 E Camino Real Ave, Arcadia, CA 91006

    $1,480,000 Sold Jan 13, 2026

    • 3 Beds
    • 3 Baths
    • 1,931 Sq Ft
    • 707 E Camino Real Ave
    • Arcadia, CA

    Nestled in the heart of the highly sought-after Arcadia neighborhood and within the top rated Arcadia School District, this 3 Bedroom, 2.5 bathroom ranch style home offers endless possibilities. Set on a sprawling 18,003 sq.ft. flat lot, the property presents a rare opportunity to create something truly extraordinary. Whether you're envisioning a sleek modern estate, a timeless retreat, or a

    Pam DelRey Art Del Rey Realty, Inc.

  • 871 W 13th St Unit 3, Azusa, CA 91702

    $485,000 Sold Aug 14, 2026

    • 2 Beds
    • 2 Baths
    • 922 Sq Ft
    • 871 W 13th St
    • Unit 3
    • Azusa, CA

    Welcome to this move-in ready 2-bedroom, 2-bathroom condominium in a convenient Azusa location. The inviting floor plan features tile flooring throughout the downstairs living areas, including a spacious living room and dining area. Recent upgrades include newer windows, fresh interior paint, new window coverings, new carpet upstairs, a new stove, and new kitchen countertops.The

    Pam DelRey Art Del Rey Realty, Inc.

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR26185682

California Regional Multiple Listing Service (CRMLS)

APN: 5324-004-005

Your Personal Tour Guide

Ask me questions while you tour the home.