Pasadena CA Multi-Family Real Estate, Homes for Sale

Two single story homes on one lot Located on a tree lined street. Convenient location within a few blocks of fine eateries in Washington Village. Front home has two bedrooms and one bath. Shower over the tub. Living room with laminate floors. Central air conditioning and heating linen closet. Kitchen with stove, refrigerator and dishwasher. Stainless steel sink. Formica countertops. Dining area in kitchen. Laminate floors in kitchen. Back door. Independent separate laundry room. Rear home has two bedrooms and one bath. Bathroom has a shower over the tub. Laminate flooring. Central heat and air. Newer windows. French doors leading to backyard. High ceilings. Laundry room. Fruit trees. Basement. Small separate structure for storage/ office?? Garage door opener.Two car garage attached. Fruit trees and 2 avocado trees. Separate yards for each home. Offers due April 3,2023 at 12 noon.

1453 E Elizabeth Street, Pasadena

$2,095,000

AR23042899 MLS ⋅ Active Status

This attractive 1936 Mediterranean style apartment complex offers a great opportunity for investors and first-time buyers alike. Within its two separate buildings, a duplex and a triplex, this complex offers five units with all the period-appropriate features of its era such as flooring, tile, cabinet and fixtures, but with the added convenience of modern amenities. Such amenities include mini split heat and air conditioners, individual electric and gas meters, and individual water heaters. Four single car private garages are rented separately and can be reconfigured to one Large 2 Bedroom ADU. The seller's 1.075M loan is assumable with a favorable interest rate of 3.15% fixed until May 2026. This turnkey apartment complex is perfect for anyone looking to invest in a property that offers both vintage charm and modern convenience.

1365 N Mentor Avenue, Pasadena

$6,080,000

AR23046764 MLS ⋅ Active Status

THE HOLLISTON - 160 N Holliston Ave, a turn-key and upgraded luxury apartment in the City of Pasadena. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. This offering provides investors with an easy to manage upgraded apartment in an excellent location in Pasadena (Walk Score 91, Bike Score 86). The HEAVY lifting process of tenants buyout, tenants relocations, and property upgrades have been completed between 2021-2023 (±18 months process), which makes this property very easy to manage and maintain with much better cash flow. The property was built in 1962 and completely renovated between 2021-2023. It is a two-story garden style apartment with beautiful new drought-tolerant landscaping, and completely redone façade and exterior paint, which offers an excellent curb appeal. It has a total of ±8,984SF building size and situated on a large ±12,318SF R4 lot. It offers an excellent unit mix of four (4) large 2-bedroom+2-bathroom, and eight (8) 1-bedroom+1-bathroom units. 11 out of 12 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures, and new led lighting in living room, bedroom and kitchen area, mirrored closet doors. Each unit is complete with an in-unit laundry machine (seller provided). Four ground-floor units have small private patio area. There are 12 parking spaces provided by a detached carport and tuck-under parking. Each unit is separately metered for gas and electric and serviced by central water heaters.

160 N Holliston Avenue, Pasadena

$1,250,000

P1-12952 MLS ⋅ Active Status

Gorgeous Triplex! Amazing opportunity to invest in three separate attractive and well-maintained units on a large lot. Each unit consist of 2 bedrooms and 1 bath, laundry hook-up, and its own one car covered garage. Located in a great neighborhood in Pasadena. Conveniently located near freeways, shop, and restaurants.

1761 Atchison Street, Pasadena

$2,790,000

8 Beds ⋅ 11 Baths ⋅ 23251677 MLS ⋅ Active Status

Iconic Investments is pleased to present Los Robles, a value-add multifamily property located in beautiful Pasadena. This charming southern style property is located at 777 N. Los Robles Ave. and is comprised of 11 apartment units (one unit is non-conforming) across 6,138 square feet of improvements on 14,061 square feet of land.Built in 1910 of wood-frame stucco, the property boasts an excellent mix made up of 2 Studios, 7 One-Bed / One-Bath and 2 Two-Bed / One-Bath unit. The building is master metered for electricity, gas, water and sewer, and has one main water heater that services all units. The property comes with 10 single parking spaces and is conveniently located at the back of the building. With its inviting early 1900's design and lush landscaping, Los Robles offers a distinctive curb appeal to prospective tenants, and hints at the allure of the building's interiors. The property is gated and has secured access.

777 N Los Robles Avenue, Pasadena

$1,450,000

AR23043540 MLS ⋅ Active Status

405 N Euclid Ave, a value-add 3-units apartment community in the City of Pasadena. The property is a 2-story bungalow with American Craftsman architectural style that has a lot of character. The property offers strategic location nearby Old Town Pasadena, and Rose Bowl. This offering provides an excellent opportunity for first-time apartment investor or even an owner-user to put their personal touch in a building w/ character and add value in the process. The sale includes an approved plan to convert the parking garages into 2 ADUs. The property was built in 1898 and MAY be eligible for The Mills Act Program which will provide significant tax advantage through its Property Tax Abatement program (buyer to verify and conduct their own diligence). It has a total of ±2,744 SF building size and situated on a large ±11,630 SF lot. It has a shared driveway with the property next door 411-417 N Euclid Ave which is also available for sale. It offers excellent unit mix of two (2) x 2bedroom+1bathroom, and one (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. The 2nd floor 2bedroom unit is larger with additional “large den” area that is being used as tenant’s private office, large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. Each of the two-bedroom unit has large private patio in the back. None of the units have been upgraded which provides blank canvas opportunities for creative new owner to put their own personal touch into each unit. The exterior upgrades include new entry gate, new parking gate, new exterior paint, completely redone landscaping, and new windows blinds. Parking is provided by 3 open parking space in the back and 5 car parking garage. The parking area is shared with the building next door, 411-417 N Euclid Ave – a 10-unit fully upgraded apartment which is also available for sale.

405 N Euclid Avenue, Pasadena

$3,200,000

PW23043490 MLS ⋅ Active Status

We are pleased to present the opportunity to acquire La Wayne Apartments, a well-kept, pride of ownership 10-unit apartment building with significant upside located in North Central Pasadena. The property offers an ideal unit mix of all large 2-bedroom units with amenities such as laminate wood flooring, wall A/C and heating, and patios/balconies. The building is a gated community which features a shared laundry facility, covered parking, and a new roof which was put on in 2022. The property offers a current cap rate of 4%, 7.6% with market rents. With the largest unit delivered vacant at close of escrow and a rent increase available in 2023, an investor will have the ability to capture strong rental upside within the first year of ownership. We kindly ask prospective buyers and agents to NOT disturb the tenants.

1509 N Raymond Avenue Unit 10, Pasadena

$795,000

P1-12905 MLS ⋅ Active Status

Opportunity knocks for this FABULOUS mixed use duplex! Clean, cozy and practically move in ready! Zoned 'LCC2' COMMERCIAL/OFFICE/RESIDENTIAL!!! Live/work? Or lease out both sides? 3 garages and 3 driveway spaces provide lots of parking/storage. Updated windows, kitchen and bath cabinets which were permitted. Great corner location for commercial visibility in beautiful Pasadena with all it has to offer. Buyers advised to do their own due diligence via inspections. Pre-inspections are encouraged for serious buyers.

2267 E Washington Boulevard, Pasadena

$1,350,000

3 Beds ⋅ 3 Baths ⋅ AR23040398 MLS ⋅ Active Status

This beautifully remodeled triplex sits on a huge lot with plenty of parking space. Each unit has new kitchen cabinets and quartz countertops. All plumbing and electrical has been updated and permitted with new HVAC and tankless water heaters. All bathrooms have been upgraded with new tile, vanities, toilets and fixtures. There are hardwood floors with recessed lighting throughout all the units. The stucco and roof are also redone. Downstairs unit 102 has a kitchen and upstairs bedroom loft. Located minutes away from Old Town Pasadena and the Rose Bowl, location is everything and this investment has it all. ZONED CL SP-1b. Zoned for commercial, multi units and mixed use. Come take a look at this great investment opportunity while you can!

874 E Ladera Street, Pasadena

$4,980,000

P1-12847 MLS ⋅ Active Status

This 11-unit apartment building has a great unit mix consisting of (1) 3 Bedroom 2 bath, (2) 2 bedroom 1 bath and (8) 1 bedroom 1 bath units. The building is a very large 7,492 square feet and is situated on a large lot of 15,382 square feet. The existing owner has spared no expense whenever a vacancy has occurred with improvements like new flooring, new bathrooms, new paint, new kitchens, new stainless steel appliances including dishwashers and wine coolers, new light fixtures, new hardware throughout, new blinds, new locks, new split AC/Heat units in the living room and bedrooms and new individual stacked washers and dryers. As a result, the 1 bedroom units with these improvements are now renting for $2,500 per month. The 2nd floor units boast vaulted ceilings and select units have sliding glass doors and large balconies or patios. The property is situated in a great central Pasadena location close to Cal Tech and PCC. Existing low interest rate loan is assumable. This impressive property would be a desirable addition to any portfolio.

102 N Holliston Avenue, Pasadena

$4,400,000

AR23035543 MLS ⋅ Active Status

411-417 N Euclid Ave, a turnkey/fully upgraded 10 units apartment community in the City of Pasadena. The property is unique due to its single-story style layouts and its proximity to Old Town Pasadena, and Rose Bowl. The properties offer an investor the rare opportunity to own a high cash flowing apartment property in an extremely convenient location in Pasadena. This turn-key condition, combined with higher cap rate (compared to other properties in this area) offer investors attractive investment vehicle to combat raging inflation. The property has been completely renovated with permits, and offers an efficient mix of nine 1bedroom, and one studio units. The community is gated and has secured entrance with shared driveway with the property next door which is also for sale by the same owner (405 N Euclid – 3 units + Approved plan for ADU units). The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. Each unit is unique to its vaulted ceiling layout with most units have its private patio. All the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The exterior upgrades include new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more! The ownership spent significant amount of time and capital in relocating the previous tenants and completely upgraded the exterior and interior of the property, making this a turnkey investment for new owner. The property is separately metered for electricity and gas. Parking is provided by 10 shared parking area in the adjacent lot and back+front portion of the lot; there is no soft-story parking required. Given its excellent real estate fundamentals, complete renovation, and a convenient location, the 411-417 Euclid is an unparalleled investment for an investor seeking stable risk-adjusted returns, wealth preservation, and a hedge against inflation.

411 417 N Euclid Avenue, Pasadena

$1,325,000

P1-12800 MLS ⋅ Active Under Contract Status

This 4 unit rental property is located in Pasadena's highly desired Madison Heights neighborhood. The front house is a Spanish Casita with living room, one bedroom, nice sized kitchen, full bathroom, and enclosed rear patio. Detached from the front house is a triplex at the rear of the property. On the lower level is a two bedroom unit with an open concept living, dining, and kitchen. It has two good sized bedrooms, and full bathroom. Above the four car carport are two studios with three-quarter bathrooms. This property is close to many urban locations, freeways, and Old Town Pasadena. Trust Sale with no court confirmation required.

300 E Glenarm Street, Pasadena

$3,880,000

P1-12776 MLS ⋅ Active Status

MONTANO VILLAS is a magnificent 10 unit garden style gated community situated on almost a 1/2 acre of beautifully landscaped grounds. Built in 1949, the property has only had two owners who have meticulously taken care of the property. The building area totals 8,340 square feet. There are four (4) separate 2 bedroom and 1 bath bungalow homes with semi-private porches, side yards, dishwashers and laundry hookups. The remaining 6 units consist of four (4) 2 bedroom and 1 bath units and two (2) 1 bedroom and 1 bath units. Each unit has central A/C and heating, original hardwood flooring and double pane windows. The property has been improved over the years with a new roof, central A/C and heating in each unit, double pane windows and tankless water heaters. There is also a common laundry area on site with owner-owned machines. This property shows great curb appeal and pride of ownership. It is truly a trophy property!

517 E Washington Boulevard, Pasadena

$1,800,000

DW23022365 MLS ⋅ Active Status

39 N Sierra Bonita Avenue, Pasadena

$3,980,000

AR23020900 MLS ⋅ Active Status

Don"t miss this golden opportunity to own this unique 9 units apartment in Prime of Pasadena area the offering consists of 5 one-Bedroom /one bathroom and 4 Two -Bedroom /one bath Each unit has their own balcony. The property is situated on a 11707 sqft lot size with 7487 sft of gross rentable area. Each unit has one carport parking space Very connivence location walking distance to Target, Colorado Blvd,Old town Cal Tech and all dining &entertainment .All Good tenants &easy to manage and less maintenance. Coin -op laundry room for extra income in the back of the complex.

435 S Hudson Avenue, Pasadena

$2,250,000

OC23018495 MLS ⋅ Active Status

Classic craftsman style 5 unit in prime NW Pasadena market. The property consist of (3) 2 bed 1 bath, (1) 1 bed 1 bath, and (1) studio units. Each unit has an assigned parking space and in-unit laundry. Easy freeway access and minutes to Old Town Pasadena popular with young professional and student renters and rarely any vacancy. Pride of ownership, low maintenance and easy management makes 545 N Oakland a great property for all investors to add to their portfolio. Two newly constructed units not subject to Measure H rent control.

545 N Oakland Avenue, Pasadena

$1,249,000

AR23017044 MLS ⋅ Active Status

Exceptional opportunity to invest in a Triplex with 3 separate units all on one level and no common walls with attractive income forecast. These 3 units are built on a large lot with no common walls and perfect location in close proximity to Freeways, Public Transportation, Shopping areas, Restaurants and Parks.

110 E Washington Boulevard, Pasadena

$1,399,000

AR23017019 MLS ⋅ Active Status

This property is 5 units residential income with large lot, conveniently located close to the Freeways, Public Transportations, Shopping areas, Old Town Pasadena, and Public Parks. It is a great investment opportunity.

130 E Washington Boulevard, Pasadena

$1,600,000

SR23001843 MLS ⋅ Active Status

Welcome home to this desirable two-story multi-family property in the prime Madison Heights neighborhood of Pasadena! This stunning residence offers 8 bedrooms, 5 bathrooms, and 3,504 sqft of living space on a 7,000 sqft lot - perfect for an investor wanting to rent out as is or remodel the vacant units. Located on a tree-lined street close to schools, transportation, and public transit means you’re never far from all that Pasadena has to offer. Enjoy plenty of parking in the back with covered parking for 3 covered cars plus additional 2 uncovered parking - ideal for everyone who lives here or visits. With so much potential and an incredible location in high demand - this property presents a steady stream of passive income waiting to be tapped into. Don't miss your chance at making this beautiful home yours today!

840 N Euclid Avenue, Pasadena

$4,880,000

WS23008382 MLS ⋅ Active Status

Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. The property was previously licensed as an independent living facility for the visually impaired. The property is currently being leased to market rate tenants. New ownership to perform their own investigation regarding current use, allowable use, and permitted number of units. There are 19 studio units plus the 2 bed/2 bath + office, house. The studio units have a freestanding sink, refrigerator, hot pad unit, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features a convenient, walk-in closet. There are stairs and one certified handicap elevator.

531 Prescott Street, Pasadena

$1,375,000

AR23007170 MLS ⋅ Active Status

Welcome home to this charming Craftsman triplex, situated in the ideal location! Close to Pasadena City College, Cal-Tech and the Metro Gold Line, you’ll have easy access to all your favorite amenities. Each unit offers one bedroom and one bathroom, each with laundry in the unit. Each unit has a private, 1-car garage and the driveway offers off-street parking for four vehicles. With a Walk Score of 84 and a Bike Score of 90 (as rated by Walkscore.com), you can take advantage of all the city has to offer without having to worry about transportation or parking! This lovely triplex presents an excellent opportunity for income potential – don’t let it pass you by!

27 S Greenwood Avenue, Pasadena

$2,090,000

AR23008260 MLS ⋅ Active Status

Quadruplex (#29,#31,#33,#35) Zoned PSRM32 On Tree-Lined Street, Convenient Location, One Block North of Colorado Blvd. Close to School, Shops, Bus Stop, Bank, Restaurant etc. The Front Unit Built in 1910 With Old Charms, 2 Bedrooms 1 Bath, Three Newer Units Built in 1987 Including 2 Units With Townhouse Style, 2 Bedrooms 1.5 Baths Each, The Rear Upstairs Unit, 2 Brm 1 Bath. However, County Record Shows Total: 8 Bedrooms, 4 Baths. Fully Occupied By Long Termed Tenants, Current Rents are Below Market Rate, Great Potential For Income Raise or Future Development, Each Units With 2 Parking Spaces, Currently Community Laundry Shared With Adjacent Property, 43-47 N. Grand Oaks also For sale. No Sign On Property, Please Do Not Disturb Occupants nor Walk On The Property, Drive By Only. Offer Subject to Interior Inspection. CLA With Any Question.

35 N Grand Oaks Avenue, Pasadena

$1,800,000

AR23008278 MLS ⋅ Active Status

Triplex but operating as a quadrulex (#43, #45, #47 #47b) Zoned PSRM32 On Tree-Lined Street, Convenient Location, One Block North of Colorado Blvd. Close to School, Shops, Bus Stop, Bank, Restaurant etc. The Front Classic, Old Charmed Building Built in 1931, Two Separate Units (2,492 sq'ft per county record) , Downstairs Unit with 2 Bedrooms 1,5 Baths, Wood Flooring, Laundry Area in the Basement, Upstairs Unit full of Classic Characteristics, 1 Bedroom+ Den/Dining Room, 1 Bath, Rear Building Built in 1910 (754 sq'ft per county record) With 2 Small Bedrooms, 1 Bath.Another unit in the very back with yard. However, County Record Shows Total: 5 Bedrooms, 3 Baths. Great Potential For Income Raise or Future Development, Each Units With 2 Parking Space, No On-Site Community Laundry, No Sign On Property, Please Do Not Disturb Occupants nor Walk On The Property, Drive By Only. Offer Subject to Interior Inspection. CLA With Any Question.

43 N Grand Oaks Avenue, Pasadena

$13,800,000

WS23004363 MLS ⋅ Active Status

18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. Located in the heart of Old Town Pasadena this complex is just a few steps away from local eateries and bars, and also shops. The property was built in 2002 and shows pride of ownership with a well-maintained building and units. All units are approximately 900 sf is size and are all 2 bedrooms and 2 bathrooms and come with their own laundry units. There are a total of 29 surface and subterranean parking with 2 handicapped spaces. Situated in the heart of Old Town Pasadena, with a lot of 9,028 square feet. The property is located just 11.3 miles from Downtown Los Angeles and within 2 miles of three top major colleges Art Center College of Design, California Institute of Technology, and Pasadena City College. The property is also located 0.3 miles from the Parsons Corporation and 0.5 miles to Pasadena City Hall and approximately 4.6 miles to JPL. Across the street are Pasadena Memorial Park and the Memorial Park Metro Gold Line Station making an easy commute for those working in Downtown Los Angeles. Offered at a 3.78% Pro-Forma CAP rate and 16.86 Pro-Forma GRM, there is upside potential with below-market rents. These units are easy to rent due to their prime location and well-kept units. The property has very stable and long-term tenants in place.

155 N Raymond Avenue, Pasadena

$1,725,000

7 Beds ⋅ 5 Baths ⋅ 23229295 MLS ⋅ Active Status

BOM! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.

794 E Orange Grove Boulevard, Pasadena

$1,276,250

GD23000925 MLS ⋅ Pending Status

Large four unit property consisting of two separate buildings on 5,999 SF lot in prime Pasadena location. Property is a Probate sale subject to court confirmation being sold in its present as is condition for cash. No contingencies. Front units are 2 - 1 BR 1 Bath and 1 - 2 BR 1.5 Bath. Back house is 2 BR 2 Bath. Property is a fixer and needs work. Room counts do not match tax assessor information. Buyer advised to check permit file directly with the city of Pasadena. Listed rents are believed to be accurate however not guaranteed. No operating expense information available. Probate Sale; 10% cashier's check payable to Estate of Dirk Stoehr required to bid in court @ 8:30 AM, on March 16, 2023.

1391 N Altadena Drive, Pasadena

$1,315,100

GD23000778 MLS ⋅ Active Status

Large four unit property consisting of two separate buildings on large 9,000 plus SF lot in prime Pasadena location. Property is a Probate sale subject to court confirmation being sold in its present as is condition for cash. No contingencies. Front units are being used as 3 bedrooms and back units are 1 bedroom. Property is a fixer and needs work. Room counts on front building do not match tax assessor information. Property appears to have a pool that has been filled with dirt. Buyer advised to check permit file directly with the city of Pasadena. Listed rents are believed to be accurate however not guaranteed. No operating expense information available. Probate sale; 10% cashier's check payable to Estate of Dirk Stoehr required to bid in court @ 8:30 AM, on March 28, 2023.

1424 Las Lunas Street, Pasadena

$8,599,999

DW22254531 MLS ⋅ Active Status

Originally built by the current ownership group, 281 S Madison resides near one of the highest disposable income zip codes in the country. Walking distance to the Cal Tech, PCC, Lake Ave, and Colorado Blvd districts, this multifamily investment opportunity boasts 21 large one and two-bedroom units with amenities like underground parking and a pool. Tremendous upside, with rents far below market averages across the board. Potential to be a crown (core) component of any portfolio.

281 S Madison Avenue, Pasadena

$2,100,000

PW22247549 MLS ⋅ Active Status

We are pleased to present Michigan Apartments, a 5-unit apartment community in Pasadena, CA. The property offers an ideal unit mix of one- and two-bedroom units and is situated near California Institute of Technology, Pasadena City College, and Old Town Pasadena. The property has been overlooked by a professional management company and has undergone recent interior and exterior improvements, such as new windows, kitchens, bathrooms, laminate wood flooring, quartz countertops, and stainless-steel appliances. Additional features include covered parking, a shared laundry facility, and individual water heaters. The front two units of the property were constructed in 1898 and the rear 3-units of the property were built in 1963. With strong in-place rents generating a current cap rate of 4.4%, 5.2% with market rents, this is an inflation and recession proof investment with easy to rent units in an irreplaceable location.

176 N Michigan Avenue, Pasadena

$1,110,000

P1-12052 MLS ⋅ Active Status

PRICE IMPROVEMENT! Fabulous two-on-a-lot ideal for an investor or a buyer looking to generate additional income or a property with separate living quarters for extended family. Located in northwest Pasadena's Muir Heights neighborhood nestled on a beautiful 5,916 square foot lot (per assessor) and just blocks away from the renowned Rose Bowl Stadium, Arroyo Seco trails, Jet Propulsion Lab, LA's popular tex mex eatery Homestate, Highlight Coffee, 24 Hour Fitness, and with easy freeway access. Built in 1945, the front house (601 W. Montana St.) is charming, with 2 bedrooms, an updated bath, a spacious living & dining area, and a remodeled kitchen w/ access to a private and fenced outdoor entertaining area. The home features dual glazed windows, recessed lighting, central heat & A/C, all kitchen & laundry appliances, and ceiling fans throughout.The rear unit (599 W. Montana Street) is a permitted and freestanding Accessory Dwelling Unit (ADU) featuring 660 square feet (taped) which includes a large living space, a kitchen w/ refrigerator & stove, a full bath, and an spacious bedroom w/ room for an office area. The unit includes heat & A/C, laundry hook-ups, and a private enclosed grassy and landscaped yard. Both units are currently tenant occupied with market rents and convey with the sale. Don't miss this home and make it ''Where your home happens.''

601 W Montana Street, Pasadena

$1,225,000

P1-12052 MLS ⋅ Active Status

Fabulous two-on-a-lot ideal for an investor or a buyer looking to generate additional income or a property with separate living quarters for extended family. Located in northwest Pasadena's Muir Heights neighborhood nestled on a beautiful 5,916 square foot lot (per assessor) and just blocks away from the renowned Rose Bowl Stadium, Arroyo Seco trails, Jet Propulsion Lab, LA's popular tex mex eatery Homestate, Highlight Coffee, 24 Hour Fitness, and with easy freeway access. Built in 1945, the front house (601 W. Montana St.) is charming, with 2 bedrooms, an updated bath, a spacious living & dining area, and a remodeled kitchen w/ access to a private and fenced outdoor entertaining area. The home features dual glazed windows, recessed lighting, central heat & A/C, all kitchen & laundry appliances, and ceiling fans throughout.The rear unit (599 W. Montana Street) is a permitted and freestanding Accessory Dwelling Unit (ADU) featuring 660 square feet (taped) which includes a large living space, a kitchen w/ refrigerator & stove, a full bath, and an spacious bedroom w/ room for an office area. The unit includes heat & A/C, laundry hook-ups, and a private enclosed grassy and landscaped yard. Both units are currently tenant occupied with market rents and convey with the sale. Don't miss this home and make it ''Where your home happens.''

601 W Montana Street, Pasadena

$6,995,000

AR22245508 MLS ⋅ Active Status

LOCATION!LOCATION!LOCATION! 12 units pride of ownership,near Old Town, Surrounded by new construction. Many units have formal dining rooms .newer paint & dual glazed windows. Upside in rents. This is a Must See. Xlnt for 1031 exchange..

164 N Oak Knoll Avenue, Pasadena

$2,030,000

AR22245456 MLS ⋅ Active Status

An excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS. Accept part RMB

757 N El Molino Avenue, Pasadena

$1,400,000

SR22235450 MLS ⋅ Active Status

Calling all investors! Front house features 3 bedrooms 1 bathroom and the duplex features two 1 bedroom 1 bathroom units. Property is zoned PSR3 which may give investors/developers the opportunity to add another 3 units. Buyer to fully investigate and verify all information.

584 N Mar Vista Avenue, Pasadena

$1,399,500

220027127SD MLS ⋅ Pending Status

***PRICE REDUCED***ATTENTION*** INVESTOR, DEVELOPER AND HOMEBUYER - 2 ON 1 ON LARGE 9641 SQFT LOT WITH ENDLESS POSSIBILITIES! Develop this large Multi Family lot with up to 4 units on this quiet tree-lined street and with mountain views or keep as it is with steady rental income! HOMEBUYERS - Live in one with rental income from second home. Newly renovated front home with roughly 1168 sq. ft., custom cabinets in kitchen and bathrooms with designer finishes. Cottage, front house is a 3 bed/2bath and completely redone. Back house is rented month to month, 1426 sf. 3 bed/2 ba. Both have private yards.

1570 72 Locust St, Pasadena

$1,298,800

CV22235583 MLS ⋅ Active Status

UPDATE AS OF 3/1/23 *** One of the units is now ready for viewing and ready for an owner to move in or to be rented at market rent!*** Amazing 4 unit investment property in Pasadena, CA. Building is approximately 2,944 sq ft. Proforma rents are $8,800 per month allowing the landlord to collect over $105,000 a year in Annual Gross Income. All tenants are long term and are on month to month lease. This is a stable investment that would allow the Landlord to hedge inflation with a large upside in rents. This great investment has (4) 1Bed/1B units. This property has updated paint, new roofing on the large detached four car garage, updated foundation and ADU potential. The building sits on a large 7,001 sq ft lot conveniently located near the Playhouse district, Pasadena City Hall, Old Town Pasadena and the world Famous Urth Caffe. It is just 9 minutes from the Rose Bowl and Norton Simon Museum.

605 E Orange Grove Boulevard, Pasadena

$1,900,000

7 Beds ⋅ 3 Baths ⋅ 22212651 MLS ⋅ Active Status

Awesome development opportunity on a treelined street in one of the most desirable areas of Pasadena. Live in one while under construction/remodel or tear down. This huge 15,001 Sq.ft. lot with 2 single story detached units has several profit potential possibilities. Both units are tenant occupied to be delivered vacant. This gem is approx. 3 miles from the Rose Bowl. There may be several profit potential possibilities. Check with the City on other building opportunities for this beauty. Information herein is not confirmed by Listing Agent/Seller and it is Buyer's responsibility to verify and rely on their own findings. Property SOLD AS-IS. Appointment only to walk the property. Please Do not Disturb the tenants. See you in Escrow!!!

1798 N Summit Avenue, Pasadena

$1,350,000

AR22227707 MLS ⋅ Active Status

This beautifully remodeled triplex sits on a huge lot with plenty of parking space. Each unit has new kitchen cabinets and quartz countertops. All plumbing and electrical has been updated and permitted with new HVAC and tankless water heaters. All bathrooms have been upgraded with new tile, vanities, toilets and fixtures. There are hardwood floors with recessed lighting throughout all the units. The stucco and roof are also redone. Downstairs unit 102 has a kitchen and upstairs bedroom loft. Located minutes away from Old Town Pasadena and the Rose Bowl, location is everything and this investment has it all. ZONED CL SP-1b. Zoned for commercial, multi units and mixed use. Come take a look at this great investment opportunity while you can!

874 E Ladera Street, Pasadena

$1,100,000

4 Beds ⋅ 3 Baths ⋅ 22210887 MLS ⋅ Active Status

We are pleased to present this 3 unit multifamily property located at 112 Grandview St in Pasadena, CA. Built in 1948, this 1,623 square foot building is situated on a 5,193 square foot double corner lot, and it has a unit mix of (2) 1 Bed / 1 Bath units and (1) 2 Bed / 1 Bath unit. Each unit is separately metered for gas and electric, and the tenants are responsible for their own trash bill, so the only utility expense for the landlord is water. Also, each unit has its own separate hot water heater, and all three water heaters have been replaced in the past 5 years. The 2 Bed / 1 Bath unit has been extensively renovated over the last year with a brand new electrical panel, all new appliances, floors, cabinets, quartz countertops, HVAC system, in unit washer/dryer, along with a newly remodeled bathroom with subway tiles. Both 1-Bed units have not been renovated and provide healthy upside for the buyer, and these two units have laundry hookups but no laundry machines. The subject property has 3 private garage parking spaces, one for each unit, all with brand new automatic garage doors, and there are an additional 3 uncovered parking spaces to be used in addition to the garage stalls. This is an ideal value add investment for an experienced or first time investor who wants to take advantage of the rental upside and ADU potential that this property presents.

112 Grandview Street, Pasadena

$1,198,000

4 Beds ⋅ 4 Baths ⋅ 22204299 MLS ⋅ Active Status

Property can be delivered vacant! Wonderful spanish style duplex on street lined street with mountain views. Each house is 2+2 and there is a very large covered patio between each house. Both houses have been remodeled.

1945 N Summit Avenue, Pasadena

$1,499,000

PF22185588 MLS ⋅ Active Status

Five units . 4 units PLUS 1 non-conforming unit on a large lot. Lots of potential. Centrally located between Garfield & Los Robles. The front building is a 1908 bungalow originally built as a duplex currently used as a single family residence with 6 bedrooms and 4 baths. Large front porch. Living room has beamed ceilings. Central air and heat. Large ceiling fans. Spacious kitchen with generous counter space & cabinets. The duplex located in the rear was built in 1988. It consists of 2 X two bedrooms with one bath built over the 8 car carport. Both units have laminated floors, wall heaters, acoustic ceilings & walk in & linen closets. There is an additional non-conforming unit with one bedroom / 1 bath located in the very back of the yard. It has high ceilings. Sold in as-is condition. Large lot Zoned FGSP-C-3D allows for a wide variety of uses- residential care facility, office, food, catering, child care etc. Gross scheduled income based on market rents.

350 E Orange Grove Boulevard, Pasadena

$1,100,000

22153611 MLS ⋅ Active Under Contract Status

Perfect investment opportunity in high-demand rental area with excellent unit mix, upside potentials and no rent control. Renovated kitchens, baths, flooring and more, laundry inside each unit. Conveniently located within close proximity to Rose Bowl, Huntington Library, Altadena Town & Country Club, hiking trails, golf courses and parks. Section 8 tenants in #1733 and #1735. Tenant in #1731 stopped paying rent since December 2021.

1731 ATCHISON Street, Pasadena

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