The median home value in Pasadena, CA is $1,200,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Pasadena, CA is $1,200,000.
Approximately 42% of Pasadena homes are owned,
compared to 51% rented, while
7% are vacant.
Pasadena real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Pasadena real estate agent to arrange a tour today! Learn more about Pasadena.
FIRST TIME ON THE MARKET IN OVER 20 YEARS! An opportunity to acquire a turn-key, 7 unit property with a 4.70% Cap on EXISTING RENTS in one of the most sought after parts of Pasadena. The meticulously maintained building shows no signs of deferred maintenance and boasts as a WALKER'S PARADISE with its prime location. It offers an array of desirable features such as full copper plumbing, a pitched roof that was recently replaced and updated windows to name a few. There are Two 2 Bed +1.5 bath townhouse style units, Four 2 Bed + 1 bath units and One 1 Bed + 1 bath unit and ALL have washers and dryers inside. The two-story units are about ~900 SF, the 2Bed units are about ~850-875 SF and the 1Bed is over 600 SF, making these units generous in space and rental desirability. Almost all of them have been remodeled to include newer cabinets in kitchens and hallways, Quartz countertops, Vinyl plank flooring and updated appliances including dishwashers. These apartments have a history of quickly renting, further adding to the stability of this investment. Offering on-site, gated parking for 8 cars with a secured entrance helps limit property access only to tenants. The former laundry room can be utilized to potentially increase rental income as a value-add opportunity for the next owner. T
We are proud to exclusively present a multifamily opportunity to acquire 485 East Washington Boulevard in the city of Pasadena. 485 East Washington Boulevard is situated between Los Robles Avenue and El Molino Avenue just two blocks west of North Lake Avenue. The property is within walking distance to grocery stores, restaurants, parks, and schools. The property is also within minutes to essential city frequented locationsShops on Lake, The Paseo, Pasadena Plaza, Oldtown Pasadena, Pasadena City College, California Institute of Technology, Jet Propulsion Laboratory, Art Center College of Design, Kidspace Childrens Museum, and Eaton Canyon Nature Center. The city of Pasadena is ideally located within Southern California and offers easy and convenient access to all of Los Angeles County, Ventura County, San Bernardino County and beyond through the 210, 134, 110, 2 and 5 freeways as well as the Lake Avenue Gold Line Metro Rail station. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. 485 East Washington Boulevard is situated on a large lot of approximately 38,240 squar
We proudly present the acquisition opportunity of 3864 E. Colorado Blvd, a retail property nestled in the vibrant heart of East Pasadena. Spanning 5,275 square feet, this 1952-built asset sits on an 8,845 square foot lot, uniquely zoned for Mixed Use Development (MXD). The property hosts three retail spaces, offering a blend of architectural charm and functional versatility.Currently, two of the three units are occupied under one-year leases set to conclude this year, with the remaining space filled by a tenant on a month-to-month agreement. This setup presents a rare opportunity for investors to potentially enhance income by an estimated 30% through strategic interior and exterior renovations post-lease expirations. Additionally, the site offers an enticing prospect for owner-users, who can leverage SBA financing options for reduced down payments, making acquisition more accessible and appealing. Strategically positioned within a Transit Oriented District, 3864 E. Colorado Blvd benefits from a "Mixed Use" (MU) designation on the East Pasadena-East San Gabriel Land Use Policy Map, supporting a maximum density of 150 units per acre, a floor area ratio of up to 3, and allowing for structures up to 65 feet in height. The MXD zoning further broadens the potential uses, making it an i
4.30% CAP Rate Turnkey 16-unit near Pasadena Playhouse District & Lake Ave Shopping. 435 N Wilson Ave, a turnkey and beautifully upgraded 16 units apartment within walking distance to Pasadena Playhouse and South Lake Ave District in the highly desirable City of Pasadena. Situated in the heart of Pasadena, just steps away from the vibrant Old Town, this property benefits from an enviable location that attracts a diverse range of tenants. Situated on an oversized high-density lot, the property offer an investor the rare opportunity to own a turnkey apartment with future development opportunity in an extremely good location in Pasadena. The property has been completely renovated with permits (between 2022-2023 buyer to verify). It was built in 1960 and consists of 1 single-story building and 1 two-story building. It is situated on an oversized 17,367sf High Density R4 Lot. This high-density lot provides a clear opportunity for Additional Dwelling Units or future redevelopment opportunity (buyer to verify). The single-story building consists of 6 units. The first unit has a fireplace. The 2-story building consists of the remaining 10 units. Each unit has a sizable private patio or balcony. Top-to-bottom renovations were completed recently on the property, which includes brand
Welcome to this exceptional 7-unit property nestled in the beautiful city of Pasadena! Located conveniently close to Pasadena City College, the 210 freeway, shops, and restaurants, this property offers an unparalleled opportunity for both investors and residents alike. The property features a diverse mix of units, catering to various needs and preferences. The main building comprises a spacious 4-bedroom, 2-bathroom, and studio unit, perfect for an investor looking to maximize his profits. In the second building, you'll find four charming apartments, each unit 1 bedroom and 1 bathroom. One of the units will be delivered vacant, presenting an excellent opportunity for immediate rental at market rents, maximizing potential income for the new owner. The property's proximity to Pasadena City College makes it an attractive option for students and faculty seeking convenient housing options. The nearby 210 freeway offers easy access to surrounding areas, making commuting a breeze. Surrounded by shops, restaurants, and amenities, residents will enjoy the vibrant lifestyle that Pasadena has to offer. Whether it's exploring the local dining scene, shopping at nearby boutiques, or enjoying outdoor activities in one of Pasadena's beautiful parks, there's something for everyone to enjoy in th
1429 N Altadena Drive is a quintessential 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) spacious two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking available in the front, the property also provides five garages situated at the rear, ensuring residents' comfort and convenience. With its prime location and well-appointed features, 1429 N Altadena Drive presents an exceptional opportunity for both investors and tenants alike.
Offered at 4.29% CAP Rate with 6.12% Proforma CAP (buyer to verify), Sierra Bonita Bungalows is a 26-unit Turnkey Single-story bungalows community in the foothill area of San Gabriel Mountain, and only 2 blocks south of Altadena Country Club. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully upgraded from top to bottom, providing an attractive proposition for investors looking for steady rental income and long-term value appreciation. The property consists of 3 parcels with highly desirable layouts; a combination of single-story bungalow style single-family houses and duplexes, each unit provides serene and single-family house atmosphere to it, making each unit very easy to rent and highly desirable amongst renters. The large, combined lots allow FOUR (4) ADUs OR MORE (buyer to verify). It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from the world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short
DISCLOSURE: Seller is an active real estate broker in California. This offering provides a whopping 6.4% CAP Rate and 8.7% Proforma CAP Rate (buyer to verify CAP Rates), which currently one of the highest CAP Rate for apartments in Pasadena and West San Gabriel Valley submarket. With recent lower interest rates, a buyer could potentially purchase this property with a low down-payment of 35% only and yet still realizing a high 7% Cash-on-cash return (with principal reduction BUYER TO VERIFY!). Walk Score 86 Bike Score 91. The property is a two-story apartment with a charming colonial revival architecture. It was built in 1910; it has a large building size of 6,664 SF and situated on a large 14,061 SF lot. It offers a desirable unit mix (for Pasadena rent control area) of one x 2bed+1bath+den, one x 2bed+1bath, seven x 1bed+1bath, and one x Studio (non-conforming). Four units have been upgraded with brand new flooring throughout, LED lighting, brand new kitchen with quartz countertops + new kitchen cabinets + stainless steel appliances, updated bathroom, and much more. The remaining non-upgraded 7 units provide 24% rental upside, which upon turnover will take the current CAP Rate to a whopping 8.7% proforma CAP Rate (buyer to verify). The property has new exterior
DISCLOSURE: Historical property, No Parking, Seller is a real estate broker in California. Deferred maintenance, Selling AS-IS 545 S Euclid Ave, a Madison Heights area multifamily investment opportunity. It is an 8-unit bungalow style located in one many would consider the best area of the highly desirable City of Pasadena, CA. This offering provides an extremely rare opportunity for investors to acquire a true value add building in a Class A Location. This is the first time this property has been offered for sale by itself since 2000 (24years!). 545 S Euclid is a very attractive single-story (except the 4bedroom house is a 2-story) bungalow style apartment that was built in 1922. It offers a large 6,548 SF building size and is situated on a large 12,982 SF lot size. It has superb curb appeal with a center garden area. It offers an excellent unit mix with one (1) x large 4bedroom+2bathroom house in the back, four (4) x single story 2bedroom+1bathroom, and three (3) x 1bedroom+1bathroom bungalows. Each unit is spacious and large with an excellent layout, original hardwood flooring, charm, and character. The large house in the back is a 2-story grand house with 4bedroom+2bathroom and has beautiful character that is unique such as an oversized living room, original hardwood fl
An Exceptional opportunity to own this Residential Income property in city of Pasadena, 5 units residential income with large lot, conveniently located close to the Freeways, Public Transportations, Shopping areas, Old Town Pasadena, Rose Bowl, Restaurants, and Public Parks. It is a great Value with possibility of building 2 additional ADUs on this lot. with even a much higher future income, all units are occupied and well maintained. 110 E washington has 3 units and listed separately and these two lots are attached to each others and are being sold together.
425 N Raymond Ave, a 7-unit garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. 425 N Raymond is an attractive two-and-a-half story garden style apartment that was built in 1947. It offers 5,001 SF building size and is situated on a 9,902 SF lot size. It has excellent curb appeal with a large parking area in the front. Two of the 2nd floor units have private balcony, and the Penthouse has private balcony with views. Several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. All units have smooth ceilings. The property is separately metered for electricity and gas and serviced by a master water heater. Parking is provided by an open space parking in front. There is an existing laundry hookup near the master water heater.
Located in a prime Pasadena residential area, within proximity to PCC, Cal Tech, Art Center College, S. Lake Shopping district, Old Town, Rose Bowl, and Downtown LA, this wonderful investment income property consists of one detached 2-bed/1 bath, one detached 1-bed+den/1 bath (can be used as 2 beds), and four studio units at the back. The front unit has a newer roof, one of the studio units has current upgrades. There are laundry equipment on site owned by the landlord for additional income, and plenty of parking spaces. Please do not miss the opportunity to own this 6-units income property in the highly desirable and beautiful City of Pasadena. Current rents are below market value due to long term tenants. It has value-add and also redevelopment/ADU potentials. Buyer to verify all zoning, permits and square footage information. Please do not walk on the property without prior permission from listing agent and do not disturb the tenants.
Located on North Fair Oaks Avenue in Pasadena, California, the Fair Oaks Revival is a great mix of modern and classic stylings due to the unique offering of two completely renovated and relocated historical homes along with five brand new townhomes located at the rear portion of the property. With a great unit mix of (3) - 3 bed / 2.5 bath townhomes, (2) - 1 bed / 1.5 bath townhomes, (2) - 2 bed / 2 bath, (2) - 1 bed / 1 bath, and (1) - commercial office space, this turn-key property offers a total building square footage of +/-9,520 on a +/-14,636 square foot lot.The units offer brand new finishes with a mixture of hardwood flooring, stainless steel appliances, and washer/dryer hook-ups. Each unit is tastefully remodeled and offers central heat and air.The building offers fifteen parking spaces with rear access through the alleyway. There are fourteen standard parking spaces and one handicap accessible space.
Attention Investors and Developers! Two side by side Commercial zoned properties (Must be sold together with 2393 E Washington Blvd. Listed at $975,000 for a total of $1,800,000 for both). Here is an opportunity to develop a mixed use retail/apartment building, Affordable housing, Senior living, restaurant/retail or office building in a highly desired area of Pasadena/Altadena. The property is located in LA County per city planners. Currently there are multiple business including a restaurant and an art gallery. Property does have an alley in the back. Buyers to verify with the city as to what can be built great access to transportation. Property has been extended with an office and a patio area of over 600sf not included in the SF of the property.
Attention Investors and Developers! Two side by side Commercial zoned properties (Must be sold together with 2401 E Washington Blvd. Listed at $825,000 for a total of $1,800,000 for both). Here is an opportunity to develop an 11 units apartment building or use the restaurant/retail or office building that is currently located in a highly desired area of Pasadena/Altadena. The property is located in LA County per city planners. Currently there are multiple business including an art framing shop, an office and a restaurant. Property does have an alley in the back. Buyers to verify with the city as to what can be built. Great access to transportation. Property has been extended with an office and a patio area of over 600sf not included in the SF of the property. SELLER FINANCING MAY BE AVAILABLE WITH 30% DOWN PAYMENT AT 6.5% INTEREST ONLY FOR UP TO 3 YRS.
Discover this exceptional property in the heart of Pasadena, at 60 W. Bellevue Dr. A two-story office building with 4,480 sqft of versatile space, built in 1986 and extensively remodeled in 2019 (lightly used since then). Conveniently located near access to the 110, 210, and 134 freeways, this free-standing office building has been equipped with all of the latest technology as well as many thoughtful details that will keep your office and business running efficiently. Situated in a mixed-use area West of Fair Oaks Avenue and East of Pasadena Ave, in close proximity to significant educational and scientific landmarks like Huntington Medical Center, Pasadena Community College, Caltech, Old Town Pasadena, and JPL, along with a dense residential population offering a strong and diverse customer base. Being blocks away from Old Pasadena, the city's main downtown, provides access to a wide range of retail options, from restaurants, shops, entertainment, and more, making your business closely connected to Pasadena's vibrant economy. Whether you're establishing a new venture or expanding an existing one, this property is an excellent opportunity you won't want to miss.
Opportunity Knocks !!! TROPHY ASSET | Truly One of A Kind Investment Property | Superb Location nearby PCC, Cal Tech, VONS, and In & Out. Convenient Access to the 210 Freeway. Extensive "Pride of Ownership" remodeling was done in 2023. The Complex features 6 two-bedroom units and one 3-bedroom, Townhouse-Styled Units, with 7 onsite Parking Spaces. Remodeled interiors with newer interior paint, waterproof flooring, lighting and crown moldings throughout, custom cabinetry, quartz countertops, stainless steel appliances, new sub-panels, and technically upgraded with Nest Thermostats and Ring Cameras. Newer exterior paint, windows and glass sliding doors, and 6 HVAC units, all completed in 2023. Exterior termite repairs completed in early 2023. Copper Plumbing. Separate Electricity & Gas Meters. On Site Laundry Room with 2 Sets of Machines. 7 water heaters instead of one main water heater plus a separate water heater for the laundry room. Excellent demographics with Median Household Income above $95,000 within a 3 mile radius.
18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. Motivated SELLER!!! Note on property is ASSUMABLE WITH A RATE OF 3.75% UNTIL 10/2026 or SELLER IS WILLING TO FINANCE THE DEAL WITH VERY REASONABLE RATE AND TERMS (CONTACT AGENT FOR MORE INFORMATION), contact agent for terms. Located in the heart of Old Town Pasadena this complex is just a few steps away from local eateries and bars, and also shops. The property was built in 2002 and shows pride of ownership with a well-maintained building and units. All units are approximately 900 sf is size and are all 2 bedrooms and 2 bathrooms and come with their own laundry units. There are a total of 29 surface and subterranean parking with 2 handicapped spaces. Situated in the heart of Old Town Pasadena, with a lot of 9,028 square feet. The property is located just 11.3 miles from Downtown Los Angeles and within 2 miles of three top major colleges Art Center College of Design, California Institute of Technology, and Pasadena City College. The property is also located 0.3 miles from the Parsons Corporation and 0.5 miles to Pasadena City Hall and approximately 4.6 miles to JPL. Across the street are Pasadena Memorial Park and the Memorial Park Metro Gold Line Station making an easy commute for tho
PROPERTY HIGHLIGHTS -Price Reduced for Immediate Sale, Seller Has Upleg Property In Escrow -Assumable Chase Loan at 3.45% -For Sale by Original Owner/Developer -Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans -1989 Construction -7.5% Cap Rate on Market Rents
Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed earlier this year in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.
Location! Location! Location! High traffic count. Lots of development growth in the area. Easy accessibility to the Metrolink, bus lines and 210 Freeway. Property is 1,350 square feet and built in 1948. Lot size is 2774 square feet, with rear fenced parking lot with alley access.
Location, location, location! 8-unit multi-family complex- (6) 2Bed/ 1 Bath, (2) One bed/1 Bath with 8 Parking spaces. On-site Laundry can bring extra income . Keep your money secured by investing in this property that has so many upside possibilities. The property is close to the business center and freeway, with lots of stores and shops around. Property sold as is. Buyer to do own inspections regarding building permits/accuracy of sq/ft.
We are pleased to present El Molino Apartments, a 5-unit apartment complex in Pasadena, CA. The property offers an ideal unit mix consisting of generously sized studio, one, and two-bedroom units, situated within walking distance from Old Pasadena. The building is in pristine condition as it has been professionally managed and has undergone full interior and exterior improvements. Upgrades include copper plumbing, updated electrical system, new windows, hard wood flooring, stainless steel appliances, quartz countertops, new cabinetry, upgraded bathrooms and state of the art mini-split HVAC systems. Additional features include garage parking (5 spaces), open parking (4 spaces), yards/balconies, and washer/dryer hookups. With strong in-place rents generating a current cap rate of 4.6%, 5% with market rents, this low maintenance trophy asset is a perfect fit for any investor looking to expand their real estate portfolio.
An exceptional opportunity to purchase three individual properties that will be sold together at one time. Building #1 has 1758 square feet of building area and a lot size of 8900 square feet and is currently being used as a mechanic tire shop. Building # 2 has 2205 square feet of building area and a lot size of 9025. It is currently being used as a part of the mechanic tire shop. Building #3 has 1980 square feet of building area and a lot size of 6100 that is also part of the tire shop. Property is located about a quarter mile from the Rose Bowl and nearby old town Pasadena.
Beautifully remodeled office building so nice you'll want to live here. Perfect for any professional organization looking for swanky digs, or an investor to maximize cashflow with eight rentable spaces with lavish shared facilities including outdoor respite areas.A hidden gem fully ADA compliant, with private parking. Two blocks from Colorado, One block off the 210 and light rail.No rental history since remodel