$3,199,000
$601K PRICE DROP

646 Orange Grove Ave South Pasadena, CA 91030

Estimated payment $20,243/month

Total Views 14,676
9 Beds
7 Baths
6,322 Sq Ft
$506 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Turnkey
  • Arroyo Vista Elementary Rated A+
  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

About This Home

Exceptional income-producing property in the heart of South Pasadena! This unique offering includes two separate structures on one lot. The front building at 646 Orange Grove Ave is a well-maintained 6-unit apartment complex, while 648 Orange Grove Ave is a private, gated stand-alone 2-bedroom, 1-bathroom house with its own yard, located at the rear of the lot.Situated in a prime location within the highly sought-after South Pasadena School District, this property offers strong rental income potential, spacious units, and ample parking. Just minutes from shops, dining, and Metro access, this is a rare chance to own a versatile multi-unit property in one of LA's most desirable communities.Buyer to verify all information, including square footage, unit count, zoning, and permits. Agent and seller make no guarantees, representations, or warranties, expressed or implied.

Listing Agent

Matthew Peters

Keller Williams Realty License #01984989 Listed on: 03/25/2025

Keller Williams Realty

Co-Listing Agent

Brian Parsons

Keller Williams Realty License #01712649

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 6,322 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas and Electric Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Source of electricity is unknown
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 480
  • Assessor Parcel Number 5315016024

Community Details

Overview

  • 2 Buildings

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • Gardener Expense $1,680
  • Insurance Expense $10,332
  • Maintenance Expense $5,000
  • Trash Expense $4,130
  • Water Sewer Expense $4,590
  • Operating Expense $25,732
  • Gross Income $174,240
  • Net Operating Income $148,508

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

7

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 4590.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 5315016024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: YES
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 506.01

Exterior Features

  • Foundation: Raised
  • Fence: No
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Drywall Walls

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas & Electric Range, Gas Water Heater, Gas Oven
  • Electric: Electricity - Unknown
  • Heating Type: Gravity
  • Sewer: Public Sewer
  • Trash Expense: 4130.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13887.00
  • Lot Size Acres: 0.3188

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Gross Income: 174240.00
  • Gross Scheduled Income: 174240.00
  • Insurance Expense: 10332.00
  • Lot Size Area: 13887.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 148508.00
  • Number Of Separate Electric Meters: 7
  • Number Of Units Leased: 7
  • Operating Expense: 25732.00
  • Rent Control: No
  • Total Actual Rent: 174240.00
  • Total Expenses: 25732.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 480...

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 Price Changed $3,199,000 -15.8% $506 / Sq Ft
03/25/2025 03/25/25 For Sale $3,800,000 -- $601 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-21435

Pasadena-Foothills Association of REALTORS®