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$4,290,000
WS26158276 MLS ⋅ Active Status
Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density / expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside , significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that .Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density and expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside, significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that is ripe for Capex modernization ( complete tear-off / installation of a new roofing system. Full exterior repainting . Replacing of all the aging water heaters. A interior renovation across 7 units .This charming 3 -building complex features A 1924 timeless charm structure (1924sqt 2BD/1BA and 1BD/1BA) accompanied by two additional buildings / built in 1955 (8407 sqt 3 x 2BD/1BA and 7x 1BD/1BA). This staggered construction creates a property / unique character / diverse unit layouts. Ground -floor layouts expand the living space outdoors with expansive , fully enclosed private yards to give residents dedicated open air extensions of their homes. 3 units (upstairs) shared open -air common breezeway .

415 S El Molino, Pasadena
$1,650,000
WS26119724 MLS ⋅ Active Status
Prime Pasadena Multifamily Investment Opportunity! Located at 56 N. Parkwood Avenue, this five-unit Pasadena multifamily property features an attractive unit mix of 2 (2BD/1BA) units and 3 (1BD/1BA) units. Two of the 1-bedroom, 1-bathroom units is currently vacant and available for rent, providing immediate upside potential for investors and owner-users alike. A floor plan and interior photos of the vacant unit are included, allowing prospective buyers to evaluate the layout, condition, and rental potential. Ideally situated near Caltech, Pasadena City College, Huntington Hospital, Old Town Pasadena, and the South Lake Avenue shopping and dining district, the property benefits from strong rental demand and convenient access to major employment centers, public transportation, parks, and entertainment. Whether you're seeking stable cash flow, future rental growth, or a long-term hold in a high-demand market, this Pasadena multifamily property offers an exceptional investment opportunity. With its desirable unit mix, prime location, and immediate leasing opportunity, 56 N. Parkwood Avenue is well-positioned for both current income and long-term appreciation. Don't miss this chance to own a five-unit Pasadena investment property with strong fundamentals and significant upside potential.

56 N Parkwood, Pasadena
$12,500,000
WS26119866 MLS ⋅ Active Under Contract Status
The Wilson Apartments and Townhomes is in the Caltech neighborhood in Pasadena. This 38-Unit community is a premier asset which rarely comes to market in this absolute A+ location. This coveted address places you near the charming Shoppes on South Lake, the esteemed Cal Tech Institute of Technology, and an array of Pasadena’s most beloved attractions, offering an unparalleled lifestyle of convenience and sophistication. This apartment and townhome community presents a blend of thoughtfully designed residences, including four spacious 3-bedroom, 2.5-bathroom townhomes, six 2-bedroom, 2-bathroom units, and twenty-eight charming 1-bedroom, 1-bathroom units. With many of the units having stylish plank flooring, modern electric stoves, and the comfort of central heating and air conditioning. Nearly half of the AC units have already been upgraded for optimal efficiency. The building has undergone partial re-piping with copper and the owner has recently completed replacing all electrical subpanels inside the units. With rents still below market and the ability to modernize the units even further, Wilson Apartments and Townhomes offers investors value-add upside in arguably one of the best locations in the city. Secure Parking, Modern Amenities, and Unmatched Tenant Appeal Residents enjoy remote accessed gated subterranean parking, featuring 38 assigned, gated spaces. Additional amenities include elevator access from the parking, pool and onsite laundry facility. Best in class location coupled with the amenities, attracts renters ranging from students to professors to local area workforce employees. Looking ahead for investors, there are no requirements for soft story retrofit and SB 721 has been completed. Whether you seek an exceptional investment opportunity or a property that blends comfort, and prime accessibility, Wilson Apartments and Townhomes is a rare Pasadena community, any astute investor should have interest.

195 S Wilson Avenue, Pasadena
$2,180,000
AR26120225 MLS ⋅ Active Status
Pride-of-Ownership 7-Unit Multifamily in Lamanda Park Area, Beautifully Maintained Apartment in an Excellent Location, Excellent Demographics (±$172k) – Walkscore 90, New Roofs, New Exterior Paint, and Other Recent Capital Improvements, Mature SFR Neighborhood, First Time for Sale Since 2009, Clear ADUs Upside. 63-67 S Daisy Ave, a pride-of-ownership 7-unit multifamily gem in Pasadena's Lamanda Park neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering an actual over 5% CAP rate with significant potential for further appreciation through rental increases, ADU development and long-term improvements. This garden-style asset sits in an A-location, in a mature and quiet single family residential neighborhood – adjacent to newer built condominiums, yet only minutes to central Pasadena via Colorado Blvd. With a Walk Score of 90, Fantastic Demographics of $172k in a-mile radius, and proven appeal to high-caliber tenants (including international PCC students and Caltech professionals), it delivers effortless leasing and superior retention – most units rent to young pros seeking walkable luxury. Built in 1960, the 4055 SF property sits on a 9496 SF lot boasts pride of ownership Single Family Residential feel and has been meticulously maintained by current ownership. First time offered for sale since 2009, the beautiful apartment consists of 2 buildings: front SFR style triplex and back single-story fourplex. Unit mix includes 1 x 2bedroom+1bathroom and 6 x 1bedroom+1bathroom. The front 2bedroom unit is a single family house setting with private patio, 2 car garage (direct access) and central heating. The back fourplex is a single story layout with a novel semi-private patio which makes it very attractive and easy to rent units. Each unit is spacious with either carpet or wood floor, all units have laundry hookups in kitchen area (2 units in the front comes with laundry machines), individual water heater, and individually metered for electricity and gas. Parking is provided by 8 spaces – 2 car garage for the front 2bedroom unit, 1 open space, 4 car garage in the back and 1 carport in the back (accessible through alley). It has undergone many recent Capital Improvements such as: brand new roofs, brand new exterior paints, and brand new contemporary cable fence. The back of the property is adjacent to the highly rated WALDEN Elementary School.

63 S Daisy, Pasadena
$1,980,000
AR26075032 MLS ⋅ Active Status
Big Price Adjustment! Motivated Seller! A True Gem for Developers and Investors! Rare opportunity to own a 4-unit compound of fully detached homes in one of Pasadena’s most desirable residential pockets, just south of Colorado Blvd. Situated on an expansive 11,256 SF lot, the property offers approximately 4,350 SF of living space with an ideal layout for both end-users and investors. The front residence features 3 bedrooms and 2 bathrooms, while the rear homes each offer 2 bedrooms and 1 bathroom, all with functional layouts, high ceilings, and abundant natural light. Separate electric and gas meters, shared laundry, and covered parking provide convenience and operational efficiency. Surrounded by well-maintained homes and set along a wide, tree-lined street, the property offers a quiet, comfortable environment with strong neighborhood appeal - a rare blend of lifestyle and investment fundamentals. Zoned RM-32, this property presents exceptional redevelopment potential for higher-density new construction (buyer to verify). The large lot further enhances its appeal with ADU and value-add opportunities, making it equally attractive to developers seeking long-term upside. A unique offering that seamlessly combines current income, future development potential, and a premier Pasadena location — opportunities like this are rarely available.

53 S Roosevelt, Pasadena
$1,470,000
AR26073753 MLS ⋅ Active Status
This is a great opportunity to own a fantastic income property in the highly desirable area of Pasadena! This property is close to California Institution of Technology, Pasadena Community College and Old Town Pasadena. The front unit is a charming, single-family house style with many great features. It has 2 bedrooms and 1 bathroom; and all other 4 units consist of 1 bedroom and 1 bathroom each. All bedrooms are comfortable in size. Each of the units has their own living room, a full kitchen and 1 carport (4 of them is covered car-port). Two of the units have been renovated with a kitchen and floor. Roof was upgraded in 2010. It is close to The Paseo which consist of several shops, entertainments, movie theater and restaurants. This property is conveniently located near public transportation and is just minutes away from 210 freeway which has easy access to the other freeways - 110 , I-134, and I-5. Don't miss out!

115 S Chester Avenue, Pasadena
$7,500,000
AR25178432 MLS ⋅ Active Status
Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.

160 S Michigan Avenue, Pasadena

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.