About this home

Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building - a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental commanding top-of-market rents. The rear building adds three income-producing units - two 2BR/2BA and one 1BR/1BA - each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market - a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike - don't miss this exceptional South Pasadena offering.

Facts and features

Schools

• Arroyo Vista Elementary School

  elementary · K-5 · 0.6 mi

  9

• South Pasadena Senior High School

  high · 9-12 · 0.7 mi

  10

• South Pasadena Middle School

  middle · 6-8 · 0.8 mi

  10

• Camp Med After School Program

  elementary · 0.2 mi

• The Institute for the Redesign of Learning - Westmoreland Academy

  elementary · 2-12 · 0.4 mi

• Westbrook Academy

  high · 10 · 0.5 mi

Price history

• Oct 1, 2026 · Listed$2,688,000
• Oct 1, 2026 · Listing Removed—
• Aug 26, 2026 · Price Changed$2,688,000
• Jul 2, 2026 · Listed$2,798,000
• Dec 11, 2019 · Listing Removed$2,050
• Nov 13, 2003 · Listing Removed$2,050
• Nov 13, 2003 · Listing Removed$2,050
• Aug 12, 2003 · Listed$2,050

Tax history

• 2025$8,793 tax · $650,127 assessed
• 2024$8,955 tax · $637,380 assessed
• 2023$8,779 tax · $612,631 assessed
• 2022$8,590 tax · $600,619 assessed
• 2021$8,428 tax · $588,843 assessed
• 2020$8,313 tax · $582,806 assessed
• 2019$8,191 tax · $571,379 assessed
• 2018$7,877 tax · $560,177 assessed

Home value

$2,035,000

• Collateral Analytics$2,035,000

Where it is