Pasadena, CA91107
| 14454 sqft | MLS# 25586823
Tract:
For Sale $4,195,000
Description
This well-maintained 16-unit multi-family property in the heart of Pasadena, built in 1963, spans approximately 14,450 square feet and presents an exceptional investment opportunity. The property consists of two buildings, each with 8 units, separated by a beautifully updated pool area. Secured with a gated entry and intercom system, the property ensures privacy and convenience. All units are equipped with central AC and heating, tandem parking, and dedicated storage. The unit mix includes 2-bedroom, 1-bath units of approximately 1,000 square feet and 1-bedroom, 1-bath units of approximately 800 square feet. A shared laundry room is available on-site for resident convenience. Recent improvements enhance the property's appeal, including a soft-story retrofit completed in October 2023 and new gutters and downspouts installed in 2023. The pool area's concrete was redone in 2023, and a modern, drought-tolerant landscaping upgrade was completed in June 2025. The majority of units feature updated finishes, while approximately 5 units retain their original charm, offering potential for further enhancements. Located in a desirable Pasadena rental market, this property blends mid-century character with modern upgrades, offering a stable income stream and opportunities for value-add growth. It is an ideal choice for investors seeking a balance of immediate returns and future potential.
Facts
| Built in 1963 | Lot Size: 20838.00 sqft | HOA Dues: $0/month
Features
Ceiling Fan(s)
Listing provided by Chloe Galassi, The Oppenheim Group, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of September 9, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.