$2,400,000

999 Cordova St Pasadena, CA 91106

Playhouse Village Neighborhood

Estimated payment $15,821/month

Total Views 162
1 Bed
1 Bath
4,316 Sq Ft
$556 Price per Sq Ft

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Blair High School Rated A-
  • Private Yard
  • Laundry Room

About This Home

Exceptional multifamily investment with ADU/redevelopment opportunity at 999 Cordova Street (aka 153 S. Catalina Avenue) in the City of Pasadena, California. With its rare large lot size of +/-12,171 SF in one of Pasadena's most sought-after neighborhoods at the intersection of Cordova Street and Catalina Avenue, the property presents an extraordinary opportunity to either redevelop ADU units, or redevelopment the entire property to up to 27 multifamily units with its CD-MU-N Zoning and leveraging the State of California's AB 2345 density bonus (Buyer verify). With its phenomenal location, the property is just minutes' walk from the South Lake Avenue commercial district, Old Town Pasadena, the Paseo shopping center, Caltech, Pasadena City College, and the Metro Gold Line. Tenants enjoy walkable access to a vibrant mix of retail, dining, and entertainment options, as well as close proximity to major employers.Therefore, the large +/-12,171 SF lot size may allow 18 units by right (Buyer verify). The investor/developer can benefit from the property's strong current income with rental upside from its existing 8 units.This meticulously maintained and professionally managed property features eight (8) existing 1 Bed / 1 Bath units with ample carport and street parking and attractive mid-century architectural charm. Some units have wood flooring and some have carpet. New electrical subpanels were installed in all eight units in 2025, and new exterior painting in 2023. The onsite laundry room generates additional income.Contact listing agents for Offering Memorandum. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy. Drive-by only, please do not walk on the property or disturb the tenants.

Listing Agent

Tzu-ning Chang

Keller Williams Realty License #02028509 Listed on: 06/05/2025

Keller Williams Realty

Co-Listing Agent

Annie Deng

COMPASS License #02016963

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • No Sprinklers
  • Private Yard
  • Front Yard
  • Value in Land

Home Design

  • Midcentury Modern Architecture
  • Apartment

Interior Spaces

  • 4,316 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1,2
  • Assessor Parcel Number 5735027033

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $172
  • Gardener Expense $2,100
  • Insurance Expense $4,000
  • Maintenance Expense $5,661
  • Other Expense $1,140
  • Professional Management Expense $6,323
  • Trash Expense $3,443
  • Water Sewer Expense $3,699
  • New Taxes Expense $27,112
  • Operating Expense $56,803
  • Gross Income $145,150
  • Net Operating Income $84,713

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6323.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3698.57
  • Zoning: CD-MU-N
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 5735027033
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 556.07

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 7.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3443.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Sprinklers None, Value In Land, Yard, Landscaped
  • Lot Size Sq Ft: 12171.00
  • Lot Size Acres: 0.2794

Multi Family

  • Fuel Expense: 172.00
  • Gross Income: 145150.00
  • Gross Scheduled Income: 145150.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 12171.0000 Square Feet
  • Maintenance Expense: 5661.00
  • Net Operating Income: 84713.00
  • 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
  • Operating Expense: 56803.00
  • Other Expense: 1140.00
  • Other Expense Description: Janitorial
  • Rent Control: Yes
  • Total Actual Rent: 145150.00
  • Total Expenses: 56803.00

Tax Info

  • New Taxes Expense: 27112.00
  • Tax Lot: 1,2

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 Change Sq Ft Price
06/05/2025 06/05/25 For Sale $2,400,000 -- $556 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22624

Pasadena-Foothills Association of REALTORS®

California Los Angeles County Pasadena 91106 Playhouse Village

999 Cordova St, Pasadena, CA

This home is located at 999 Cordova St, Pasadena, CA 91106 and is currently priced at $2,400,000, approximately $556 per square foot. This property was built in 1953. 999 Cordova St is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and International School of Los Angeles-Pasadena.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Tzu-ning Chang
Section Image
Keller Williams Realty
(626) 381-9885