$6,280,000

308 Pasadena Ave South Pasadena, CA 91030

Estimated payment $39,027/month

Total Views 7,540
3 Beds
2 Baths
9,990 Sq Ft
$629 Price per Sq Ft

Highlights

  • 0.48 Acre Lot
  • No HOA
  • Closed Circuit Camera
  • Arroyo Vista Elementary Rated A+
  • Community Pool

About This Home

Motivated Seller! 308-310 Pasadena Ave is a 2 story walk up, 20-unit apartment building with 18 -1 bed/1bath and 2- 2bed/1bath units. 15 of the 20 units have been upgraded. Also features a central courtyard with a gated pool. Located in prime South Pasadena with award winning schools close to Arroyo Vista Elementary School. Easy to show. Contact the lisitng agents

Listing Agent

Kevin Lutz

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #00925595 Listed on: 06/24/2026

Keller Williams Realty/Pasadena

Co-Listing Agent

Kevin Hurley

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #01237798

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 20,978 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre
  • 5313011005

Home Design

  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 9,990 Sq Ft Home
  • 2-Story Property
  • Closed Circuit Camera
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 19 Parking Spaces
  • 19 Carport Spaces

Pool

  • Fence Around Pool

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 34615
  • Assessor Parcel Number 5313011004

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,760
  • Fuel Expense $600
  • Gardener Expense $1,200
  • Insurance Expense $14,500
  • Maintenance Expense $21,987
  • Other Expense $12,000
  • Trash Expense $9,200
  • Water Sewer Expense $10,680
  • New Taxes Expense $75,578
  • Operating Expense $148,505
  • Gross Income $477,192
  • Net Operating Income $314,371

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0.48 Acres

Listing Details

  • CapRate: 5.01
  • Property Attached: Yes
  • Security: Closed Circuit Camera(s)
  • Water Sewer Expenses: 10680.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5313011004
  • Year Built: 1953
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 628.63

Exterior Features

  • Pool Features: Fenced, Community
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 19.00
  • Total Parking Spaces: 19.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 9200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5313011005
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 20978.00
  • Lot Size Acres: 0.4816

Multi Family

  • Electric Expense: 2760.00
  • Fuel Expense: 600.00
  • Gross Income: 477192.00
  • Gross Multiplier: 13.16
  • Gross Operating Income: 462876.00
  • Gross Scheduled Income: 477192.00
  • Insurance Expense: 14500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3600.00
  • Lot Size Area: 20978.0000 Square Feet
  • Maintenance Expense: 21987.00
  • Net Operating Income: 314371.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 148505.00
  • Other Expense: 12000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Expenses: 148505.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 75578.00
  • Tax Lot: 32
  • Tax Tract Number: 34615

Map

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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 $61,278 $4,976,087 $2,241,973 $2,734,114
2024 $62,871 $4,878,517 $2,198,013 $2,680,504
2023 $61,618 $4,782,861 $2,154,915 $2,627,946
2022 $60,269 $4,689,080 $2,112,662 $2,576,418
2021 $59,244 $4,597,138 $2,071,238 $2,525,900
2020 $11,036 $432,565 $147,892 $284,673
2019 $10,908 $424,151 $144,993 $279,158
2018 $10,427 $415,901 $142,150 $273,751
2016 $9,733 $396,514 $136,631 $259,883
2015 $9,546 $390,559 $134,579 $255,980
2014 $9,591 $382,909 $131,943 $250,966
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
06/24/2026 06/24/26 For Sale $6,280,000 -- $629 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS26137159

California Regional Multiple Listing Service (CRMLS)
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