$2,185,000
Total Views 3,027
7 Beds
6 Baths
4,248 Sq Ft
$514 Price per Sq Ft

Highlights

  • Laundry Room
  • Detached Carport Space
  • 5-minute walk to Lake Avenue Station

About This Home

301-303 North Hudson Avenue represents a rare opportunity to acquire a well-located multifamily asset in one of Los Angeles County's most desirable and supply-constrained rental markets. Situated in a strong Pasadena neighborhood, the property offers investors durable cash flow, stable tenancy, and long-term appreciation potential supported by exceptional market fundamentals. The property consists of six (6) residential units with a desirable and diversified unit mix, appealing to a broad tenant base: 1 Studio (Non-Conforming), 1 Studio + Loft, 3 One-Bedroom/ One-Bathroom Units, 1 Two-Bedroom/ One-Bathroom Unit. Located just minutes from Old Town Pasadena, the property benefits from immediate proximity to one of the region's most vibrant employment, retail, and lifestyle hubs. Tenants enjoy access to high-end dining, boutique shopping, entertainment venues, and cultural attractions, all of which drive consistent rental demand and support above-average rent growth. The surrounding area is characterized by tree-lined residential streets, historic charm, and limited new multifamily development, creating a high barrier to entry for competing supply. Pasadena's strong demographics, affluent renter base, and landlord-friendly rental dynamics further enhance the investment profile. The property is strategically positioned near major employment anchors including Caltech, Pasadena City College, Huntington Hospital, and the Jet Propulsion Laboratory (JPL), which provide a stable and diverse tenant pool. Convenient access to the 210 and 134 freeways, as well as nearby Metro transit options, ensures strong regional connectivity throughout Greater Los Angeles. 301-303 N Hudson Ave offers investors a compelling combination of location-driven demand, attractive unit mix, and long-term upside in a proven Pasadena submarket with a history of strong rent performance and asset appreciation.

Listing Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 02/16/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 9,358 Sq Ft Lot

Interior Spaces

  • 4,248 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Detached Carport Space
  • Assigned Parking

Utilities

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

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5723-008-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

9,358 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4248
  • Lot Acreage: 0.2148
  • Stories: 2
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher, Washer, Dryer, Microwave, Range/Oven
  • Price Per S Q F T: 514.36

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached, Assigned
  • Total Parking: 7

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 29.24
  • Assessed Improvement Value: 183173
  • Assessed Land Percent: 70.76
  • Assessed Land Value: 443181
  • Total Assessed Value: 626354
  • Assessor Parcel Number: 5723-008-025
  • Lot Size Area: 9358

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.06
  • Number Of Units: 6
  • Type Of Units: Market

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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 $8,494 $626,354 $443,181 $183,173
2024 $8,494 $614,074 $434,492 $179,582
2023 $8,426 $602,034 $425,973 $176,061
2022 $8,168 $590,230 $417,621 $172,609
2021 $7,853 $578,658 $409,433 $169,225
2019 $7,589 $561,996 $397,290 $164,706
2018 $7,641 $550,987 $389,500 $161,487
2016 $7,323 $529,113 $374,376 $154,737
2015 $7,235 $521,166 $368,753 $152,413
2014 $7,122 $510,958 $361,530 $149,428
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2026 02/16/26 For Sale $2,185,000 0.0% $514 / Sq Ft
05/18/2017 05/18/17 Rented $2,150 0.0% --
05/18/2017 05/18/17 Under Contract -- -- --
05/04/2017 05/04/17 For Rent $2,150 +4.9% --
09/09/2016 09/09/16 Rented $2,050 0.0% --
09/09/2016 09/09/16 Under Contract -- -- --
08/18/2016 08/18/16 For Rent $2,050 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Individual Deed $424,000 First American Title Co
Individual Deed $315,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $244,000 Commercial
Previous Owner $244,000 Commercial
Closed $97,000 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 26653189

The MLS

APN: 5723-008-025

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