87 El Nido Ave Pasadena, CA 91107
Lamanda Park NeighborhoodEstimated payment $12,649/month
About This Home
We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 0.25 Acre Lot
Interior Spaces
- 2,816 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Community Details
- 5 Buildings
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5748-016-029
Map
Home Values in the Area
Average Home Value in this Area
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 | $14,699 | $1,237,608 | $743,078 | $494,530 |
| 2024 | $14,699 | $1,213,342 | $728,508 | $484,834 |
| 2023 | $14,575 | $1,189,552 | $714,224 | $475,328 |
| 2022 | $14,085 | $1,166,228 | $700,220 | $466,008 |
| 2021 | $13,520 | $1,143,362 | $686,491 | $456,871 |
| 2019 | $13,030 | $1,109,751 | $666,130 | $443,621 |
| 2018 | $13,200 | $1,087,998 | $653,069 | $434,929 |
| 2016 | $12,775 | $1,045,462 | $627,710 | $417,752 |
| 2015 | $12,631 | $1,029,759 | $618,282 | $411,477 |
| 2014 | $12,400 | $1,009,588 | $606,171 | $403,417 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2026 01/19/26 | For Sale | $2,200,000 | -- | $781 / Sq Ft |
Source: The MLS
MLS Number: 26640169
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© 2026 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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