$2,260,000
SOLD AUG 27, 2025
6 Beds
4 Baths
6,291 Sq Ft
9,778 Sq Ft Lot

Recently Sold

$359 Per Sq Ft

4% Below List Price

302 Days on Market

About This Home

As of August 2025

We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.

Last Agent to Sell the Property

Ryan Loria

Triqor Group Brokerage Phone: 949-756-3232 License #02006138 Listed on: 07/29/2024

Last Buyer's Agent

Kevin Lee

Coldwell Banker Envision License #01720786

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,778 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage
  • 7 Carport Spaces

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,291 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 297
  • Assessor Parcel Number 5731014006
  • $1,888 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Operating Expense $56,142
  • Gross Income $203,228
  • Net Operating Income $147,087

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: PSR1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5731014006
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 359.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 9778.00
  • Lot Size Acres: 0.2245

Multi Family

  • Gross Income: 203228.00
  • Gross Scheduled Income: 209514.00
  • Lot Size Area: 9778.0000 Square Feet
  • Net Operating Income: 147087.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 56142.00
  • Rent Control: Yes
  • Total Expenses: 56142.00

Tax Info

  • Tax Census Tract: 4622.01
  • Tax Lot: 8
  • Tax Tract Number: 297
  • TaxOtherAnnualAssessmentAmount: 1888.00

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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Sold Price
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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 List to Sale Price per Sq Ft
08/27/2025 08/27/25 Sold $2,260,000 -5.0% $359 / Sq Ft
05/14/2025 05/14/25 Price Changed $2,380,000 +1.3% $378 / Sq Ft
05/14/2025 05/14/25 Price Changed $2,350,000 0.0% $374 / Sq Ft
05/14/2025 05/14/25 For Sale $2,350,000 +4.0% $374 / Sq Ft
03/10/2025 03/10/25 Off Market $2,260,000 -- --
10/22/2024 10/22/24 Price Changed $2,380,000 +1.3% $378 / Sq Ft
10/22/2024 10/22/24 Price Changed $2,350,000 -5.5% $374 / Sq Ft
07/29/2024 07/29/24 For Sale $2,488,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $20,060 $1,690,818 $1,170,571 $520,247
2024 $20,060 $1,657,666 $1,147,619 $510,047
2023 $19,894 $1,625,164 $1,125,117 $500,047
2022 $19,227 $1,593,299 $1,103,056 $490,243
2021 $18,443 $1,562,059 $1,081,428 $480,631
2019 $17,772 $1,516,109 $1,049,353 $466,756
2018 $18,024 $1,486,390 $1,028,778 $457,612
2016 $17,416 $1,428,308 $988,830 $439,478
2015 $17,222 $1,406,854 $973,977 $432,877
2014 $16,903 $1,379,297 $954,899 $424,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24155824

California Regional Multiple Listing Service (CRMLS)