$1,951,000
SOLD APR 20, 2026
6 Beds
6 Baths
2,816 Sq Ft
0.25 Acres Lot

Sale Details

Date Sold: April 20, 2026

$693 Per Sq Ft

11% Below List Price

71 Days on Market

About This Home

As of April 2026

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.

Last Agent to Sell the Property

John Boyett

CBRE License #02056759 Listed on: 01/19/2026

Last Buyer's Agent

John Boyett

CBRE License #02056759 Listed on: 01/19/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 10,974 Sq Ft 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2816
  • Lot Acreage: 0.2519
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 781.25

Exterior Features

  • Other Structures: Other

Lot Info

  • Assessed Improvement Percent: 39.96
  • Assessed Improvement Value: 494530
  • Assessed Land Percent: 60.04
  • Assessed Land Value: 743078
  • Total Assessed Value: 1237608
  • Assessor Parcel Number: 5748-016-029
  • Lot Size Area: 10974

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.23
  • Number Of Units: 6
  • Type Of Units: Dwellings
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/20/2026 04/20/26 Sold $1,951,000 -11.3% $693 / Sq Ft
01/19/2026 01/19/26 For Sale $2,200,000 -- $781 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,402 $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
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 26640169

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.