$3,100,000
PENDING

482 S El Molino Ave Pasadena, CA 91101

Madison Heights Neighborhood

Estimated payment $19,991/month

Total Views 2,675
12 Beds
10 Baths
8,162 Sq Ft
$380 Price per Sq Ft

Highlights

  • Granite Countertops
  • Balcony
  • Central Air
  • Blair High School Rated A-
  • Detached Carport Space
  • Laundry Facilities

About This Home

First time on the market in over 50 years, it is with great pleasure to present this 8-unit multifamily property in one of the best areas of Pasadena. This investment offers a stable return and appreciation fueled by this high rental demand location at just a 10-minute walk to Erewhon, Trader Joe's and the prime corridor of South Lake Ave. With a large building size of 8,162 SF the subject property offers spacious units featuring a strong unit mix of: TWO 2 Bed + 2 bath units, TWO 2 Bed + 1 bath units and FOUR 1 Bed + 1 bath units. The garden style layout offers charm and privacy with most units having patios or balconies. The two-bedroom units feature central HVAC systems and all units have individual water heaters and separately metered for gas and electricity. Major capital improvements include a full roof replacement in 2022, the plumbing has been updated and granite counters with built-in stoves and ovens. Situated on a large 14,617 SF lot, there are 8 covered parking spaces with 3 more uncovered spaces along with storage sheds that can provide some additional rental income. A community laundry room currently has two, landlord owned, coin operated machines and can accommodate two additional machines to increase laundry operations. All balconies have been inspected per state ordinances. Units are subject to Pasadena local rent control laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Listing Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 07/08/2025

Co-Listing Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Interior Spaces

  • 8,162 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 11 Parking Spaces
  • Detached Carport Space

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Balcony
  • 0.33 Acre Lot

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5734-020-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8162
  • Lot Acreage: 0.3331
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-Ins
  • Bedrooms: 12
  • Kitchen Features: Granite Counters
  • Laundry: Community
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 379.81

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 8
  • Parking Garage: Carport Detached
  • Total Parking: 11

Utilities

  • Cooling: Central
  • Heating: Electric
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 68.38
  • Assessed Improvement Value: 277222
  • Assessed Land Percent: 31.62
  • Assessed Land Value: 128197
  • Total Assessed Value: 405419
  • Assessor Parcel Number: 5734-020-013
  • Lot Size Area: 14617

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.40
  • Number Of Units: 8
  • Total Annual Expense: 63938
  • Type Of Units: Apartments
  • Vacancy Rate: 0

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
08/06/2025 08/06/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $3,100,000 -- $380 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25560529

The MLS
California Los Angeles County Pasadena 91101 Madison Heights

482 S El Molino Ave, Pasadena, CA

This home is located at 482 S El Molino Ave, Pasadena, CA 91101 and is currently priced at $3,100,000, approximately $379 per square foot. This property was built in 1962. 482 S El Molino Ave is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and The Waverly School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Nearby Homes
Alexander Metaxas
Listing Agent
Alexander Metaxas
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Realty Investment Advisors, Inc.
(626) 487-4300