$2,195,000

Residential Income In Pasadena

  • 8 Beds
  • 6 Baths
  • 4,407 Sqft
  • 8,265 Sqft lot
  • Updated: September 3
  • Source:
    The MLS (CLAW)  MLS#26942719

About the Property

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
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
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $498

Features

  • Investment Property
  • Balcony
  • Air Conditioning
  • Stone Countertops

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1124 Cordova Street, Altadena, California, United States View on Google Maps
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Realty Investment Advisors, Inc. - Santa Monica

Joined 10 months ago
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Realty Investment Advisors, Inc. - Santa Monica
California, United States
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6
Listings
2025
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Realty Investment Advisors, Inc. - Santa Monica
Santa Monica, California, United States
View agency profile
Last updated
September 3
First listed
Sep 3
Listing reference
26942719
Listing status
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