$3,900,000

Estimated payment $23,991/month

Total Views 3,687
11 Beds
10 Baths
5,500 Sq Ft
$709 Price per Sq Ft

Highlights

  • Built in 1923 | Newly Remodeled
  • Laundry Room
  • Foothills
  • Quartz Countertops
  • Tankless Water Heater
  • Central Air

About This Home

Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low-hassle, income-producing property with proven returns, your search ends here.

Listing Agent

Sarkis Aleksanian

COMPASS License #01214017 Listed on: 02/09/2026

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Newly Remodeled

Lot Details

  • 9,533 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • No Sprinklers

Home Design

  • Property Attached
  • Additions or Alterations
  • Major Repairs Completed
  • Flat Roof Shape
  • Frame Construction
  • Asphalt Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Quartz Countertops

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Private Parking
  • Paved Parking
  • Parking Lot
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Tankless Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 5731013004
  • Seller Considering Concessions

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Foothills

Recreation

  • Bike Trail

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $12,000
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • New Taxes Expense $48,750
  • Operating Expense $64,950
  • Gross Income $201,450
  • Net Operating Income $201,450

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Newly Remodeled

Lot Details

9,533 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.96
  • Inclusions: All seller owned appliances
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: 646
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: PSR1
  • New Construction: Yes
  • Property Condition: Additions/Alterations, Updated/Remodeled, Repairs Major
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5731013004
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Quartz Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 709.09
  • Room Type: Kitchen

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Roof: Asphalt, Flat
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Concrete, Paved, On Site, Private, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Electric Range, Tankless Water Heater, Microwave, Gas Range
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Suburban, Street Lights, Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 9533.00
  • Lot Size Acres: 0.2188

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 201450.00
  • Gross Multiplier: 14.64
  • Gross Scheduled Income: 266400.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 9533.0000 Square Feet
  • Net Operating Income: 201450.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Dishwasher: 3
  • Number With Disposal: 8
  • Number With Patio: 2
  • Number With Range: 8
  • Number With Refrigerator: 7
  • Operating Expense: 64950.00
  • Rent Control: Yes
  • Total Actual Rent: 22200.00
  • Total Expenses: 64950.00

Tax Info

  • New Taxes Expense: 48750.00
  • Tax Lot: 13

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/09/2026 02/09/26 For Sale $3,900,000 -- $709 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-25781

Pasadena-Foothills Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.