About this home

Excellent multifamily investment opportunity featuring a 14-unit apartment building in Pasadena. Offering long-term upside, this property presents an attractive opportunity for investors looking to expand their Southern California portfolio. One unit will be delivered vacant at closing, providing the new owner with the opportunity to renovate, reposition, or lease the unit at current market rent, subject to applicable regulations. The remaining units provide an established rental income stream from day one. Conveniently located near shopping, dining, transportation, and the many amenities Pasadena has to offer, the property benefits from its desirable location and access to major employment and entertainment centers throughout the San Gabriel Valley and greater Los Angeles area. With 14 units, existing rental income, and one unit delivered vacant, this property offers a compelling combination of immediate cash flow and future value-add potential for a multifamily investor.

Facts and features

Schools

• Longfellow (Henry W.) Elementary School

  elementary · K-5 · 0.9 mi

  4

• Eliot Arts Magnet

  middle · 6-8 · 1.4 mi

  2

• Pasadena High School

  high · 9-12 · 2.0 mi

  7

• Lake Avenue Church School

  elementary · K · 0.6 mi

• Lindamood-Bell Learning Processes Pasadena

  elementary · 5-10 · 0.6 mi

• Grace Christian Academy

  elementary · 1-8 · 0.7 mi

Price history

• Oct 8, 2026 · Listed$2,500,000
• Jun 13, 2001 · Sold$1,085,000
• Apr 29, 1986 · Sold$735,000
• Mar 2, 1979 · Sold$320,000

Tax history

• 2025$2,866 tax · $1,667,612 assessed
• 2024$2,898 tax · $1,634,915 assessed
• 2023$2,872 tax · $1,571,430 assessed
• 2022$2,827 tax · $1,540,619 assessed
• 2021$2,947 tax · $1,510,411 assessed
• 2020$2,931 tax · $1,494,925 assessed
• 2019$18,404 tax · $1,465,613 assessed
• 2018$2,515 tax · $1,436,876 assessed

Home value

$4,153,229

• Quantarium$4,153,229

Where it is