About this home

Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY

Facts and features

Schools

• McKinley School

  elementary · K-8 · 0.5 mi

  2

• Blair High School

  middle · 6-12 · 1.6 mi

  4

• St Phillip The Apostle

  elementary · K-8 · 0.3 mi

• St. Philip The Apostle

  elementary · 0.3 mi

• Grace Christian Academy

  elementary · 1-8 · 0.4 mi

• Twilight Adult

  elementary · 0.5 mi

Price history

• Sep 2, 2026 · Listed$2,195,000
• Feb 6, 2018 · Sold$2,100,000
• Feb 9, 1990 · Sold$490,000

Tax history

• 2025$28,313 tax · $2,437,224 assessed
• 2024$27,009 tax · $2,389,436 assessed
• 2023$26,785 tax · $2,296,653 assessed
• 2022$25,860 tax · $2,251,622 assessed
• 2021$24,802 tax · $2,207,474 assessed
• 2020$23,807 tax · $2,184,840 assessed
• 2019$23,871 tax · $2,142,000 assessed
• 2018$9,561 tax · $764,616 assessed

Home value

$2,682,209

• Quantarium$2,682,209
• Collateral Analytics$2,173,000

Where it is