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.
Days on market: 4
Listing updated: September 09, 2025 - 11:40:09
Listed by: Chloe Galassi DRE #02283595 310-990-6656, The Oppenheim Group, Inc. - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X80679 Originating MLS: CRMLS
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