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$1,390,000
AR26152965 MLS
One unit will be delivered vacant. Exceptional opportunity to own a beautifully renovated triplex in a convenient Pasadena location. Extensively updated with permitted additions and improvements completed in 2011, this well-maintained income property features upgraded electrical and plumbing systems, new kitchens with granite countertops and custom cabinetry, remodeled bathrooms, new flooring, dual-pane windows, new roofing, and numerous additional improvements. The front unit offers approximately 1,053 square feet of living space with 3 bedrooms and 1 bathroom (LA county profile shows 2 bedrooms, a spacious living room, and a generously sized kitchen. The beautifully landscaped front yard features lush lawn, mature shrubs, and colorful flowers, while a private yard and detached two-car garage provide added convenience and privacy. The two rear units are identical in layout, each offering approximately 526.5 square feet with 1 bedroom and 1 bathroom, a private yard, a detached one-car garage, and an in-unit laundry area for everyday convenience. The property also features a newer driveway with ample additional parking, making it ideal for both owner-occupants and investors. Conveniently located near Downtown Pasadena, shopping, restaurants, and public transportation, this turnkey triplex presents an outstanding opportunity for rental income or multi-generational living.

2178 Corson Street, Pasadena

Listing courtesy of Listing Agent: Sharon Liu (sharonliu.remax@gmail.com) from Listing Office: Re/Max Premier Properties.
$1,799,999
8 Beds ⋅ 5 Baths ⋅ 226003501 MLS
In a market where yield matters, 637 N Raymond Ave delivers a clean, well-positioned triplex with strong in-place income and a cap rate projected above 4%. This corner-unit property is thoughtfully configured so each residence lives more like a standalone home than a multifamily unit.Distinct architectural identities create natural appeal and long-term retention:637 N Raymond Ave (3BR/2BA) - Currently leased at $3,450/month. A classic Arts & Crafts residence with updated kitchen finishes, recessed lighting, and basement storage. Direct access to the shared courtyard enhances livability.635 N Raymond Ave (2BR/1BA) - Currently leased at $2,600/month. Recently refreshed with a bright, open layout, galley kitchen, and subtle Santa Barbara influences--arched details and light, airy interiors.639 N Raymond Ave (3BR/2BA) - Currently leased at $3,600/month. An upper-level unit with a private balcony, wrought-iron stair details, and elevated neighborhood views. Thoughtfully updated and highly rentable in its current condition, with beautifully refinished hardwood flooring that enhances its charm and appeal.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure equipped with newer washers and dryers, and ample on-site parking via dual driveways--an increasingly valuable amenity in this part of the city. Separate gas and electrical meters also help streamline operations.Beyond its strong income profile, the property has benefited from substantial capital improvements over the past eight years. Ownership has invested heavily in the long-term condition and desirability of the asset, including the installation of central air conditioning in all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Recent exterior upgrades include a mature privet hedge along the Peoria frontage and an attractive planter feature at the Raymond Avenue corner, creating strong curb appeal from multiple vantage points. In 2026, the property's ductwork was professionally cleaned throughout, further supporting tenant comfort and system efficiency.This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The 'feels like a single home' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily inventory, this property sits in a strong position for both immediate returns and long-term hold strategy.Opportunities like this don't circulate often--especially with this level of character, configuration, recent investment, and income already in place. Don't miss your chance.

637 Raymond Avenue, Pasadena

Listing courtesy of Listing Agent: David Samuels (DavidMiltonSamuels@gmail.com) from Listing Office: Keller Williams Westlake Village.
$1,799,999
8 Beds ⋅ 5 Baths ⋅ 226003500 MLS
In a market where yield matters, 637 N Raymond Ave delivers a clean, well-positioned triplex with strong in-place income and a cap rate projected above 4%. This corner-unit property is thoughtfully configured so each residence lives more like a standalone home than a multifamily unit.Distinct architectural identities create natural appeal and long-term retention:637 N Raymond Ave (3BR/2BA) - Currently leased at $3,450/month. A classic Arts & Crafts residence with updated kitchen finishes, recessed lighting, and basement storage. Direct access to the shared courtyard enhances livability.635 N Raymond Ave (2BR/1BA) - Currently leased at $2,600/month. Recently refreshed with a bright, open layout, galley kitchen, and subtle Santa Barbara influences--arched details and light, airy interiors.639 N Raymond Ave (3BR/2BA) - Currently leased at $3,600/month. An upper-level unit with a private balcony, wrought-iron stair details, and elevated neighborhood views. Thoughtfully updated and highly rentable in its current condition, with beautifully refinished hardwood flooring that enhances its charm and appeal.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure equipped with newer washers and dryers, and ample on-site parking via dual driveways--an increasingly valuable amenity in this part of the city. Separate gas and electrical meters also help streamline operations.Beyond its strong income profile, the property has benefited from substantial capital improvements over the past eight years. Ownership has invested heavily in the long-term condition and desirability of the asset, including the installation of central air conditioning in all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Recent exterior upgrades include a mature privet hedge along the Peoria frontage and an attractive planter feature at the Raymond Avenue corner, creating strong curb appeal from multiple vantage points. In 2026, the property's ductwork was professionally cleaned throughout, further supporting tenant comfort and system efficiency.This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The 'feels like a single home' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily inventory, this property sits in a strong position for both immediate returns and long-term hold strategy.Opportunities like this don't circulate often--especially with this level of character, configuration, recent investment, and income already in place. Don't miss your chance.

637 N Raymond Avenue, Pasadena

Listing courtesy of Listing Agent: David Samuels (DavidMiltonSamuels@gmail.com) from Listing Office: Keller Williams Westlake Village.
$4,800,000
AR26156521 MLS
Twelve consistent 3-bedroom townhouse-style homes, built to last. 614-620 N Mar Vista Ave Pasadena. A 12-unit multifamily community arranged across two side-by-side, two-story buildings in a quiet Pasadena residential neighborhood. Built in 1983, the property delivers 13,632 rentable square feet on a 24,659 square foot lot - generous scale for the unit count, with a landscaped central corridor and mature palm and hedge plantings along the perimeter. Every one of the 12 units shares the same 3-bedroom, 1.5-bath floor plan - a layout in short supply across the San Gabriel Valley and consistently in demand. That uniformity simplifies renovation planning, rent comps, and day-to-day management for an incoming owner. Each unit is served by its own individual HVAC system, reducing common-area utility exposure. Covered parking runs along the ground floor of both buildings, and the pedestrian courtyard connecting them is fully landscaped - giving the property genuine curb appeal from the street and from the air. One unit (620-6) is currently vacant, offering an incoming owner immediate lease-up upside at market rent.

614 620 N Mar Vista, Pasadena

Listing courtesy of Listing Agent: Van Tuyet To (amytto@yahoo.com) from Listing Office: CBD Investment Inc..
$3,675,000
12 Beds ⋅ 12 Baths ⋅ 26862273 MLS
The Villas is a charming 12-unit apartment building located at 231 and 239 East Villa Street, Pasadena, CA 91101. The property was built in 1913 and is located on the northeast corner of East Villa Street and North Marengo Avenue. The lot is approximately 19,334 square feet. The Villas is located a few blocks away from restaurants, shops, and entertainment on Colorado Boulevard, and a few blocks away from Old Town Pasadena. The unit mix consists of 12 one-bedroom/one-bathroom units. There is a large shared yard. There is a laundry room, assigned parking spaces, 6 garages, and storage spaces. Some of the units have balconies, and some of the units have porches. The property is designated historic-eligible by the City of Pasadena. (Buyer to verify)

239 E Villa St, Pasadena

Courtesy of Marcus & Millichap, Gayle Factor - CA DRE#01066258

$3,675,000
12 Beds ⋅ 12 Baths ⋅ 26862273 MLS
The Villas is a charming 12-unit apartment building located at 231 and 239 East Villa Street, Pasadena, CA 91101. The property was built in 1913 and is located on the northeast corner of East Villa Street and North Marengo Avenue. The lot is approximately 19,334 square feet. The Villas is located a few blocks away from restaurants, shops, and entertainment on Colorado Boulevard, and a few blocks away from Old Town Pasadena. The unit mix consists of 12 one-bedroom/one-bathroom units. There is a large shared yard. There is a laundry room, assigned parking spaces, 6 garages, and storage spaces. Some of the units have balconies, and some of the units have porches. The property is designated historic-eligible by the City of Pasadena. (Buyer to verify)

239 E Villa Street, Pasadena

Listing courtesy of Listing Agent: Gayle Factor (Gayle.Factor@marcusmillichap.com) from Listing Office: Marcus & Millichap.
$860,000
WS26156214 MLS
Unlock the potential of this rare Pasadena duplex opportunity! Offered as-is and where-is in its current stage of renovation, this property presents an excellent investment for buyers looking to complete a permitted remodel and add value. The current owner has already completed a substantial portion of the major improvements, including: Mechanical rough-ins for the kitchens and bathrooms / Window retrofit / Replacement of original doors / Re-roofing / New insulation / Exterior and interior wall repairs / Siding improvements / Interior drywall installation. All work has been completed under active, valid permits, which remain in effect. While the renovation is not yet complete, the heavy lifting has already been done, allowing the next owner to finish the project according to their own vision and preferences. Once completed, this duplex offers excellent income-producing potential. The property features a spacious yard, ample on-site parking, and an unfinished detached garage that may provide the opportunity for a future ADU conversion (buyer to verify with the City of Pasadena), creating additional rental income potential. Whether you're an investor, developer, or owner-user seeking a value-add opportunity, this property offers a solid foundation in one of Pasadena's desirable neighborhoods with significant upside potential.

170 E Tremont, Pasadena

Listing courtesy of Listing Agent: ANITA LEE (anitahao@yahoo.com) from Listing Office: Wetrust Realty.
$1,549,000
CV26154804 MLS
Rare three-unit investment opportunity in Pasadena. Situated on a 7,806 sq ft lot with 3,216 sq ft of combined living space, this well-maintained property built in 1984 features a detached front house plus a two-story duplex to the rear, with a freshly painted exterior throughout. The front unit offers 3 bedrooms and 1.5 bath; the middle unit offers 3 bedrooms and 1.5 bath; and the rear unit offers 2 bedrooms and 1.5 baths. All three units are two stories and include a private patio and carport parking. Ideally situated within walking distance of the Metro L (Gold) Line Allen Station and Pasadena City College, with convenient access to the 210 Freeway. An excellent opportunity for investors or owner-occupants seeking income potential in a well-connected Pasadena location. **PLEASE DO NOT DISTURB TENANTS**

167 N Allen, Pasadena

Listing courtesy of Listing Agent: Stephanie Martenzi (stephanie@SuperMomSuperAgent.com) from Listing Office: SOUTHLAND PROPERTIES.
$990,000
WS26155224 MLS
Exceptional investment opportunity in Pasadena! This well-maintained duplex property offers excellent income potential with two separate units and strong rental appeal. The property is in great condition and provides a wonderful opportunity for investors or owner-users seeking an income-generating property in a desirable location. The property features a spacious front unit with 3 bedrooms and 2 bathrooms, along with a rear unit offering 1 bedroom, 1 bathroom, and a bonus room. Currently tenant-occupied with strong rental income, this property provides immediate cash flow potential and long-term investment value. Ideally located in Pasadena with convenient access to shopping, dining, entertainment, major freeways, and public transportation. Enjoy the benefits of a highly desirable location, strong rental demand, and the opportunity to own an income-producing property in one of Southern California’s most sought-after communities.

3733 Blanche Street, Pasadena

Listing courtesy of Listing Agent: Yang Peilin (davidyeung91@gmail.com) from Listing Office: Wetrust Realty.
$1,490,000
8 Beds ⋅ 6 Baths ⋅ 26860377 MLS
he offering consists of two parcels: APN 5729-016-011, improved with a duplex, and APN 5729-016-009, improved with a quadruplex. Built in 1947, the property totals approximately 3,834 rentable square feet on a large 15,124-square-foot PSR1-zoned corner lot. The unit mix includes four one-bedroom/one-bath units and two two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six garage parking spaces.Current rents are below market, providing a new owner with the opportunity to renovate units, improve operations, and increase rental income as units turn. The oversized lot may also offer potential for future ADU development, creating an additional opportunity to enhance income and long-term value. Buyer to independently verify all development and ADU feasibility.Ideally located just north of Mountain Street and east of the 210 Freeway, the property provides convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and the area's premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation potential, 917933 N Marengo Avenue represents a compelling investment opportunity in one of Pasadena's most established residential neighborhoods.

925 N Marengo Ave, Pasadena

Courtesy of Kidder Mathews of California, Inc., Angelica Gotzev - CA DRE#02053007

$1,490,000
8 Beds ⋅ 6 Baths ⋅ 26860377 MLS
he offering consists of two parcels: APN 5729-016-011, improved with a duplex, and APN 5729-016-009, improved with a quadruplex. Built in 1947, the property totals approximately 3,834 rentable square feet on a large 15,124-square-foot PSR1-zoned corner lot. The unit mix includes four one-bedroom/one-bath units and two two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six garage parking spaces.Current rents are below market, providing a new owner with the opportunity to renovate units, improve operations, and increase rental income as units turn. The oversized lot may also offer potential for future ADU development, creating an additional opportunity to enhance income and long-term value. Buyer to independently verify all development and ADU feasibility.Ideally located just north of Mountain Street and east of the 210 Freeway, the property provides convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and the area's premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation potential, 917933 N Marengo Avenue represents a compelling investment opportunity in one of Pasadena's most established residential neighborhoods.

925 N Marengo Avenue, Pasadena

Listing courtesy of Listing Agent: Angelica Gotzev (angelica.gotzev@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
$898,000
PF26147004 MLS
A Pasadena Property with Room to Live, Grow, and Invest. Set above the street with a welcoming presence, this is the kind of property that surprises you the moment you arrive. What first appears to be a duplex reveals itself as something much more special: two beautifully updated residences that feel like true homes. Lovingly maintained and thoughtfully improved by the current owners since 2017, the property has been updated from top to bottom. Recent improvements include refreshed kitchens, updated flooring and paint, newer appliances, dual-pane windows, HVAC systems, tankless water heaters, foundation earthquake retrofitting, landscaping enhancements, and numerous additional upgrades designed to make ownership easy for years to come. Every improvement was made with an emphasis on quality, comfort, and long-term durability, creating a property that’s as functional as it is inviting. Whether you’re a first-time buyer hoping to offset your mortgage with rental income, searching for flexible multigenerational living, or looking for a turnkey Pasadena investment, this property offers a rare combination of versatility and pride of ownership. The elevated setting creates a sense of privacy, while the low-maintenance design lets you spend less time on upkeep and more time enjoying everything Pasadena has to offer.

229 E Washington, Pasadena

Listing courtesy of Listing Agent: Amy Pace (amy.pace@theagencyre.com) from Listing Office: The Agency.
$1,199,999
DW26151056 MLS
A RARE PASADENA CORNER-LOT DUPLEX WITH THE PRIVACY AND FUNCTIONALITY OF TWO SEPARATE HOMES! Ideally positioned at the corner of Mentone Avenue and West Hammond Street, this unique property offers two residences with individual street presence, separate driveways and dedicated garage access—an exceptional arrangement for an owner-occupant, extended household or investor. The Mentone Avenue residence features 2 bedrooms, 1 bathroom and a private one-car garage. Facing West Hammond Street, the second residence offers 3 bedrooms, 2 bathrooms and an impressive three-car garage. Because each home faces a different street, the property provides a level of separation, privacy and independence rarely found in a traditional duplex. Live in one residence while generating income from the other, create a multigenerational living arrangement, or add a distinctive Pasadena income property to your portfolio. The expansive garage capacity also provides valuable parking, storage and workspace possibilities. Conveniently located in Northwest Pasadena with access to Old Pasadena, the Rose Bowl, local shopping, dining, transportation and major commuter routes. Two homes, two driveways, four garage spaces and one outstanding opportunity—this is Pasadena duplex living with exceptional versatility.

1164 Mentone, Pasadena

Listing courtesy of Listing Agent: Armando Perez (AgentArmando1@gmail.com) from Listing Office: Excellence RE Real Estate, Inc..
$4,480,000
10 Beds ⋅ 16 Baths ⋅ 26857859 MLS
We are pleased to present 200 South Madison Avenue, a rare opportunity to acquire a pride-of-ownership 16-unit multifamily asset in the highly coveted Madison Heights neighborhood of Pasadena. The property combines an irreplaceable location, strong in-place cash flow, and meaningful rental upside, making it an exceptional long-term investment opportunity. The property consists of sixteen well-designed units, including one two-bedroom/one-bathroom unit, eight one-bedroom/one-bathroom units, and seven studio units, providing a diverse unit mix that appeals to a broad tenant base. Current ownership has completed numerous capital improvements, including the mandatory soft-story seismic retrofit, copper plumbing upgrades, newer roofing, fresh exterior paint, and interior unit renovations. The property is separately metered for gas and electricity and offers fifteen on-site parking spaces. Situated on a prominent 12,774-square-foot corner lot, 200 South Madison Avenue enjoys one of the most desirable residential locations in Pasadena. Residents benefit from immediate access to South Lake Avenue's premier dining and shopping destinations, Erewhon Market, the Pasadena Playhouse District, and Old Town Pasadena. The property's tree-lined setting, walkable neighborhood amenities, and proximity to major employment centers continue to drive strong tenant demand. Additional amenities include professionally landscaped grounds and a well-maintained on-site laundry facility, providing residents with added convenience while generating supplemental income for ownership. Currently operating at approximately a 12.75 GRM, the property offers investors the opportunity to capture significant future rent growth through the repositioning of below-market leases while benefiting from Pasadena's historically strong rental market fundamentals. Opportunities to acquire quality assets on Madison Avenue are exceedingly rare, particularly in a neighborhood where properties are often held for generations. 200 South Madison Avenue represents a unique opportunity to acquire a turnkey multifamily investment in one of Southern California's most prestigious and supply-constrained submarkets.

200 S Madison Ave, Pasadena

Courtesy of Realty Investment Advisors, Inc., Benjamin J. Hsiang - CA DRE#01438644

$4,480,000
10 Beds ⋅ 16 Baths ⋅ 26857859 MLS
We are pleased to present 200 South Madison Avenue, a rare opportunity to acquire a pride-of-ownership 16-unit multifamily asset in the highly coveted Madison Heights neighborhood of Pasadena. The property combines an irreplaceable location, strong in-place cash flow, and meaningful rental upside, making it an exceptional long-term investment opportunity. The property consists of sixteen well-designed units, including one two-bedroom/one-bathroom unit, eight one-bedroom/one-bathroom units, and seven studio units, providing a diverse unit mix that appeals to a broad tenant base. Current ownership has completed numerous capital improvements, including the mandatory soft-story seismic retrofit, copper plumbing upgrades, newer roofing, fresh exterior paint, and interior unit renovations. The property is separately metered for gas and electricity and offers fifteen on-site parking spaces. Situated on a prominent 12,774-square-foot corner lot, 200 South Madison Avenue enjoys one of the most desirable residential locations in Pasadena. Residents benefit from immediate access to South Lake Avenue's premier dining and shopping destinations, Erewhon Market, the Pasadena Playhouse District, and Old Town Pasadena. The property's tree-lined setting, walkable neighborhood amenities, and proximity to major employment centers continue to drive strong tenant demand. Additional amenities include professionally landscaped grounds and a well-maintained on-site laundry facility, providing residents with added convenience while generating supplemental income for ownership. Currently operating at approximately a 12.75 GRM, the property offers investors the opportunity to capture significant future rent growth through the repositioning of below-market leases while benefiting from Pasadena's historically strong rental market fundamentals. Opportunities to acquire quality assets on Madison Avenue are exceedingly rare, particularly in a neighborhood where properties are often held for generations. 200 South Madison Avenue represents a unique opportunity to acquire a turnkey multifamily investment in one of Southern California's most prestigious and supply-constrained submarkets.

200 S Madison Avenue, Pasadena

Listing courtesy of Listing Agent: Benjamin J. Hsiang (bhsiang@riacre.com) from Listing Office: Realty Investment Advisors, Inc..
$1,080,000
AR26147655 MLS
Fantastic 4-Unit Investment Opportunity in Pasadena! This income-producing fourplex features 4 spacious 1-bedroom, 1-bath units and offers immediate rental income with long-term investment potential. Major improvements have already been completed, including a brand-new roof on both the main building and detached garage, new garage doors, fully replaced plumbing, fresh interior and exterior paint, updated flooring, newer windows, and renovated kitchens and bathrooms in select units. All 4 units feature separate electric and gas meters, while the owner currently pays water. The property also offers 3 single-car garages and 1 additional parking space. Conveniently located with easy access to the 210 Freeway, shopping, dining, parks, and public transportation, this property is well positioned for investors and owner-users alike. Current rents total $6,398 per month, providing immediate cash flow. Future rental potential may exist, subject to local rent control regulations, existing tenancy, and applicable law. Buyer to independently verify all information, including rents, expenses, square footage, permits, and property condition.

1758 Lincoln Avenue, Pasadena

Listing courtesy of Listing Agent: Alma Aguilar (AlmaSanchezAguilar@icloud.com) from Listing Office: Coldwell Banker Realty.
$1,480,000
AR26141824 MLS
Well-maintained and beautifully landscaped classic Craftsman Bungalow triplex located in desirable East Pasadena. The property features charming curb appeal with a welcoming front porch spanning the main entryway. Situated within walking distance to Pasadena City College, California Institute of Technology, and The Huntington Library. The property sits on a large rectangular lot and offers an excellent unit mix consisting of two (2B+1B) and one (1B+1B) units. One unit is currently vacant, providing an immediate opportunity for an owner-occupant or the potential to lease at market rent. Additional features include separately metered gas and electricity, on-site coin laundry for additional income, and storage sheds in the rear.

190 S Craig Avenue, Pasadena

Listing courtesy of Listing Agent: Donald La (donald@atlasgrouprealty.com) from Listing Office: EXP REALTY.
$2,800,000
7 Beds ⋅ 4 Baths ⋅ P1-27780 MLS
A Modern Pasadena Compound Designed for the Way People Live Today.Exceptional new construction and redevelopment opportunity in the heart of Pasadena. Ideal owner-users, multigenerational living, or those seeking a unique income-producing property with long-term value and low-maintenance ownership.Originally a single-family residence, this property was thoughtfully transformed into four separate residences, creating a rare residential compound that blends modern living with strong rental appeal. The property consists of a beautifully renovated front residence, an attached 1-bedroom, 1-bath unit, and two newly constructed rear 2-bedroom, 1-bath residences, offering a total of four income-producing units and 3 car garage and plenty of individually private outdoor spaces.Built and redesigned with quality craftsmanship and thoughtful attention to detail, each residence features bright open-concept living spaces including new appliances (range, refrigerators, washer/ dryer) and stylish finishes throughout. The property benefits from four separate utility meters, a detached garage, and independent living spaces that provide privacy and flexibility for a variety of ownership scenarios. Whether occupying one residence while generating rental income from the others, accommodating extended family, or holding as an investment property, the possibilities are exceptional.Located on a picturesque tree-lined street in one of Pasadena's most desirable neighborhoods, the property offers excellent curb appeal and convenient access to Old Town Pasadena, South Lake Avenue, Caltech, Pasadena City College, parks, shopping, dining, entertainment, and major transportation corridors.With four rentable units delivered all vacant, separate utilities, and low-maintenance improvements this is an outstanding opportunity for investors and owner-users alike.

1537 E Topeka Street, Pasadena

Listing courtesy of Listing Agent: Annie Deng (anniedeng@compass.com) from Listing Office: COMPASS.
$6,780,000
AR26139329 MLS
TROPHY Class-A Location - 20-unit Steps from South Lake Ave, Erewhon, Caltech, and Old Town Pasadena | Attractive Returns with Major CapEx Completed | Bungalow Style Units + Expansive R3-Zoned Lot. HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as South Lake Ave Business District, Erewhon, CALTECH, and Old Town Pasadena. This offer provides investors with an opportunity to acquire a well-maintained asset in a trophy location with attractive return. It has a Walk Score of 81 out of 100. HACIENDA GARDEN is a 20-unit garden-style apartment community that consists of two properties: 529 S El Molino (10 units) and 541 S El Molino (10 units). It has a total building size of ±14,815 sqft and is situated on a large 30,367 sqft R3-zoned lot with excellent curb appeal and neatly manicured landscaping. It is exceptionally well-maintained in a Class-A neighborhood of Pasadena. 529 S El Molino is a bungalow style 10-unit with a total building size of 8,263 SF and situated on a 20,252 SF lot. It offers a gorgeous bungalow-style layout with center courtyard complete with attractive curb appeal. It has 10 units that are spread out over 5 buildings. Four of them are single story bungalows, and the fifth building is a two-story building. It has two (2) x 2-bedroom+1-bathroom, six (6) x 1-bedroom+1-bathroom, and two (2) x Studio units. Many units have been partially updated with refinished original hardwood floor, high 10ft ceiling, crown molding, upgraded bathroom, designer lighting fixtures, windows A/C, and tiled kitchen. The 4 back units are large with estimated size of ±1038 sqft per unit. The 541-S was built in 1950, has a total building size of 6,552 SF and is situated on a 10,115 SF lot. It is a two-story garden style apartment with brick pavers walkway. It offers ten (10) x 1-bedroom+1-bathroom units. The building has brand new staircases (rebuilt with permit) and several units have been updated with 2 units have full copper plumbing. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas, and has a shared laundry room.

529 541 S EL MOLINO Street, Pasadena

Listing courtesy of Listing Agent: Handoko Chen (han.chen@growthinvestmentgroup.com) from Listing Office: Growth Investment Group Pasade.
$2,800,000
P1-27733 MLS
A Modern Pasadena Compound Designed for the Way People Live Today.Exceptional new construction and redevelopment opportunity in the heart of Pasadena. Ideal owner-users, multigenerational living, or those seeking a unique income-producing property with long-term value and low-maintenance ownership.Originally a single-family residence, this property was thoughtfully transformed into four separate residences, creating a rare residential compound that blends modern living with strong rental appeal. The property consists of a beautifully renovated front residence, an attached 1-bedroom, 1-bath unit, and two newly constructed rear 2-bedroom, 1-bath residences, offering a total of four income-producing units and 3 car garage and plenty of individually private outdoor spaces.Built and redesigned with quality craftsmanship and thoughtful attention to detail, each residence features bright open-concept living spaces including new appliances (range, refrigerators, washer/ dryer) and stylish finishes throughout. The property benefits from four separate utility meters, a detached garage, and independent living spaces that provide privacy and flexibility for a variety of ownership scenarios. Whether occupying one residence while generating rental income from the others, accommodating extended family, or holding as an investment property, the possibilities are exceptional.Located on a picturesque tree-lined street in one of Pasadena's most desirable neighborhoods, the property offers excellent curb appeal and convenient access to Old Town Pasadena, South Lake Avenue, Caltech, Pasadena City College, parks, shopping, dining, entertainment, and major transportation corridors.With four rentable units delivered all vacant, separate utilities, and low-maintenance improvements this is an outstanding opportunity for investors and owner-users alike.

1537 E Topeka Street, Pasadena

Listing courtesy of Listing Agent: Annie Deng (anniedeng@compass.com) from Listing Office: COMPASS.
$1,399,000
CV26133996 MLS
Exceptional Income-Producing Duplex in Pasadena Welcome to 1417-1419 El Sereno Avenue, a rare opportunity to own a well-maintained duplex in a desirable Pasadena neighborhood. Perfect for investors, multi-generational living, or owner-occupants seeking supplemental rental income, this property features two separate residences with individual addresses, providing privacy and flexibility. The front residence offers approximately 1,200 square feet of living space with 4 bedrooms and 2 bathrooms. Amenities include central air conditioning and heating, a dedicated laundry area, basement storage, a 2-car garage, and a private front yard. Built in 2011, the rear residence features approximately 1,800 square feet with 3 bedrooms and 2.5 bathrooms. Designed for modern comfort, this home includes central air conditioning and heating, a fire sprinkler system, separate laundry room, attached 2-car garage, private backyard with low-maintenance artificial turf, and a gated side patio. Complete building plans are available. Both residences are separately metered for gas, water, and electricity and offer ample parking and private outdoor spaces. This unique property combines strong income potential with pride of ownership in a highly sought-after Pasadena location. Conveniently located near shopping, dining, parks, schools, and major transportation corridors. A rare investment opportunity with long-term upside and excellent rental appeal. Please do not disturb occupants. Shown by appointment only.

1419 El Sereno, Pasadena

Listing courtesy of Listing Agent: Alex Sanchez (alex@regionalre.com) from Listing Office: REGIONAL REAL ESTATE.
$1,474,950
SR26132517 MLS
Welcome to this beautifully upgraded multi-unit property in the highly sought-after Bristol Cypress neighborhood of Pasadena. Situated on a large lot, this rare offering includes three separate addresses — 523, 525, and 527 Lincoln Ave — and delivers both immediate value and long-term upside. Over the past three years, the property has undergone extensive improvements. All three units feature upgraded electrical panels, with costly underground wiring completed for long-term reliability. Each unit has been refreshed with new flooring, cabinets, interior paint, and appliances, creating a modern, turnkey living experience. Exterior upgrades include repaired wood siding, fresh exterior paint, new front fencing with a rolling gate, and low-maintenance artificial turf. The carport has been improved with newly poured concrete and a roof featuring partially new shingles, adding both functionality and durability. The front home (527 Lincoln Ave) offers 2 bedrooms and 1 bathroom, while the rear duplex (523 & 525 Lincoln Ave) consists of two 1-bedroom, 1-bath units, each with a comfortable living area. All three units have separate gas and electrical meters, with water currently serviced by a single meter to the front unit. The property will be delivered without existing occupants, presenting an ideal opportunity for owner-occupants, investors, or developers. Live in one and rent the others, or maximize income across all three units. The expansive lot also provides future development potential, with the possibility of adding additional multi-unit structures at the rear (buyer to verify with the City of Pasadena). Just minutes from the Rose Bowl and close to Pasadena’s popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside — a rare find in one of Pasadena’s most desirable neighborhoods.

523 Lincoln, Pasadena

Listing courtesy of Listing Agent: Farid Eslamieh (fred.esla@gmail.com) from Listing Office: Remax Stone Oak Realty.
$1,474,950
4 Beds ⋅ 3 Baths ⋅ SR26132481 MLS
Welcome to this beautifully upgraded multi-unit property in the highly sought-after Bristol Cypress neighborhood of Pasadena. Situated on a large lot, this rare offering includes three separate addresses — 523, 525, and 527 Lincoln Ave — and delivers both immediate value and long-term upside. Over the past three years, the property has undergone extensive improvements. All three units feature upgraded electrical panels, with costly underground wiring completed for long-term reliability. Each unit has been refreshed with new flooring, cabinets, interior paint, and appliances, creating a modern, turnkey living experience. Exterior upgrades include repaired wood siding, fresh exterior paint, new front fencing with a rolling gate, and low-maintenance artificial turf. The carport has been improved with newly poured concrete and a roof featuring partially new shingles, adding both functionality and durability. The front home (527 Lincoln Ave) offers 2 bedrooms and 1 bathroom, while the rear duplex (523 & 525 Lincoln Ave) consists of two 1-bedroom, 1-bath units, each with a comfortable living area. All three units have separate gas and electrical meters, with water currently serviced by a single meter to the front unit. The property will be delivered without existing occupants, presenting an ideal opportunity for owner-occupants, investors, or developers. Live in one and rent the others, or maximize income across all three units. The expansive lot also provides future development potential, with the possibility of adding additional multi-unit structures at the rear (buyer to verify with the City of Pasadena). Just minutes from the Rose Bowl and close to Pasadena’s popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside — a rare find in one of Pasadena’s most desirable neighborhoods.

523 Lincoln, Pasadena

Listing courtesy of Listing Agent: Farid Eslamieh (fred.esla@gmail.com) from Listing Office: Remax Stone Oak Realty.
$2,599,000
TR26131676 MLS
481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029 !!!! 2 story building was built in 1903 and single story building was built in 1952. 2 STORY BUILDING EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2021. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

481 Lincoln Avenue, Pasadena

Listing courtesy of Listing Agent: Kevin Lee (kevinlee@kmpmgroup.com) from Listing Office: Coldwell Banker Envision.
$1,400,000
5 Beds ⋅ 4 Baths ⋅ 26843273 MLS
Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements within the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property carries architectural character that commands tenant loyalty and holds value in soft markets. Interiors feature hardwood and tile flooring, granite countertops, and ceiling fans. Individual wall units handle heating and cooling, keeping systems simple and maintenance contained. Walkability is a headline feature. The Metro Gold Line Station is steps away, and a grocery store, Starbucks, CVS, and major banking are within a single block. Old Town Pasadena with its concentration of dining, retail, and cultural anchors is minutes from the front door. Pasadena's strong employment base, educated renter demographic, and constrained multifamily inventory make this a market that consistently outperforms in occupancy and rent growth. 553-559 Lincoln Avenue suits a first-time buyer entering the market with built-in income, an owner-user ready to build equity, or a seasoned investor adding a low-maintenance performer to an existing portfolio. The vacant unit is the opportunity, what you do with it is yours to decide.

553 Lincoln Ave, Pasadena

Courtesy of Compass, Rolan Meyer - CA DRE#02129783

$1,400,000
5 Beds ⋅ 4 Baths ⋅ 26843273 MLS
Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements within the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property carries architectural character that commands tenant loyalty and holds value in soft markets. Interiors feature hardwood and tile flooring, granite countertops, and ceiling fans. Individual wall units handle heating and cooling, keeping systems simple and maintenance contained. Walkability is a headline feature. The Metro Gold Line Station is steps away, and a grocery store, Starbucks, CVS, and major banking are within a single block. Old Town Pasadena with its concentration of dining, retail, and cultural anchors is minutes from the front door. Pasadena's strong employment base, educated renter demographic, and constrained multifamily inventory make this a market that consistently outperforms in occupancy and rent growth. 553-559 Lincoln Avenue suits a first-time buyer entering the market with built-in income, an owner-user ready to build equity, or a seasoned investor adding a low-maintenance performer to an existing portfolio. The vacant unit is the opportunity, what you do with it is yours to decide.

553 Lincoln Avenue, Pasadena

Listing courtesy of Listing Agent: Rolan Meyer (rolanmeyerre@gmail.com) from Listing Office: Compass.
$1,280,000
WS26127969 MLS
This duplex has been remodeled with move-in conditions. Buyer is advised to independently investigate all aspects of the property, including verifying the accuracy of any/all information, including sq. ft. and size, bedrooms and baths, provided through personal inspection and with appropriate professionals to their satisfaction. The seller will not perform any repairs works. The property is to be sold in its current "as-is, where-is" condition. The listing Brokers and sellers do not guarantee the accuracy of the information provided regarding modifications, ordinances, conditions, or features of the property, as to the public record. Buyer and buyer's agent to verify any/all information to their satisfaction before making an offer. The property is to be delivered vacant after the close of escrow. These two units are in turnkey condition. Bring and show your buyer.

441 E California, Pasadena

Listing courtesy of Listing Agent: STEVEN SHIH (forest.shih@gmail.com) from Listing Office: KO TAI REALTY.
$13,000,000
TR26122576 MLS
Prime location in the heart of Pasadena. Gated 12 units luxury townhomes. Built in 2010. One unit is a 2 bedrooms and all other 11 units are 3 bedrooms with 2.5 or 3.5 bedrooms. Underground parking. Each unit has a 2 car garage. New exterior paint and new backyard concrete. Super convenient location, walking distance to shops, supermarkets and lots of restaurants. Close to Cal Tech, playhouse district, and The Huntington Library Currently rent are low because mostly long term tenants and well qualified tenants A Rare Value-Add Opportunity: Originally developed as a 12-unit townhome community, each residence already has its own separate APN. A future owner may have the opportunity to establish an HOA and pursue individual unit sales, creating multiple exit strategies beyond traditional long-term rental ownership.

650 S Lake Ave, Pasadena

Listing courtesy of Listing Agent: Grace Lee (gracemjlee@gmail.com) from Listing Office: Graceland Investment, Inc..
$2,100,000
AR26120225 MLS
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

Listing courtesy of Listing Agent: Handoko Chen (han.chen@growthinvestmentgroup.com) from Listing Office: Growth Investment Group Pasade.
$1,449,000
P1-27424 MLS
Exceptional Pasadena opportunity! Two completely detached homes on an expansive 10,000+ sq. ft. lot--a rare configuration delivering unmatched flexibility. Perfect for savvy investors, multi-generational living, or an ultimate live/work setup, both units will be delivered vacant. Front Home: A charming 3BR/1BA cottage full of potential. Highlights include a welcoming front porch, enclosed patio/den, kitchen-adjacent laundry room, and a lush, private backyard, plus a two-car carport and detached storage. Rear Home: A classic 1950s Mid-Century traditional 3BR/1BA with a wonderful sense of privacy. Features its own separate backyard, direct access to a two-car garage, and key updates already completed.Live in one and rent the other, or create the ultimate private compound. Double-home properties on large lots in Pasadena are incredibly hard to find!

1419 Bresee Avenue, Pasadena

Listing courtesy of Listing Agent: Hilda L Hernandez (hildahernandez98@gmail.com) from Listing Office: BHHS California Properties.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.