Call or text 8189391841

23 Mahogany Irvine CA 92620 | MLS #OC26106651

Pasadena CA 91107 | MLS #26976913

MLS #26976913 image #0
Rare opportunity to acquire the subject property, a well-maintained 5-unit apartment community ideally located in the heart of Pasadena, one of the most established and consistently sought-after residential markets in the San Gabriel Valley. Built in 1950/1953 and coming to market for the first time in over 30 years, this offering represents a true generational ownership event a pride-of-ownership asset in a city defined by enduring demand and deep-rooted residential character.Situated on an expansive 13,725 square foot lot, the property totals 3,032 square feet of gross building area, averaging 606 square feet per unit across five separate buildings three of which contain residential units. The asset features a unit mix of four (4) one-bedroom, one-bath units and one (1) two-bedroom, one-bath house, a configuration that offers the privacy and feel of standalone living rarely found in traditional apartment product.In-place rents generate a scheduled monthly income of $11,013 and scheduled yearly income of $132,156, with garage income contributing an additional $5,640 annually supporting durable, diversified cash flow at the property.Pasadena’s enduring appeal further strengthens the investment profile of the subject property. The asset is embedded within one of the most amenity-rich cities in Los Angeles County, with convenient access to the shops, dining, and cultural destinations of Old Pasadena, South Lake Avenue, and the Playhouse District, as well as the recreational amenities of Eaton Canyon, the Arroyo Seco, and the Rose Bowl. Proximity to the 210 and 134 freeways and the Metro A Line ensures easy connectivity to major employment hubs including Caltech, the Jet Propulsion Laboratory, and Huntington Health sustaining deep, consistent rental demand.With its prime Pasadena address, rare five-building configuration, strong in-place income, on-site garages, and first-time availability in over 30 years, the subject property represents a rare opportunity to acquire a generational, pride-of-ownership asset in one of the most enduring and supply-constrained submarkets in Los Angeles.
Current real estate data for Single Family in Pasadena as of Sep 06, 2026
318
Single Family Listed
59
Avg DOM
511
Avg $ / SqFt
$1,834,720
Avg List Price

Property Details

Price:
$2,120,000
MLS #:
26976913
Status:
Active
Beds:
6
Baths:
5
Type:
Single Family
Neighborhood:
648pasadenase
Listed Date:
Sep 5, 2026
Finished Sq Ft:
3,032
Total Sq Ft:
3,032
Lot Size:
13,729 sqft / 0.32 acres (approx)
Year Built:
1953
648 – Pasadena (se)648pasadenase

Schools

Interior

Levels
A

Exterior

Financial

Gross Operating Income
$133,831
Net Operating Income
$85,185

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Property Summary

    Pasadena CA is a Single Family for sale in Pasadena, CA, 91107. It is listed for $2,120,000 and features 6 beds, 5 baths, and has approximately 3,032 square feet of living space, and was originally constructed in 1953. The current price per square foot is $699. The average price per square foot for Single Family listings in Pasadena is $511. The average listing price for Single Family in Pasadena is $1,834,720. To schedule a showing of MLS#26976913 at in Pasadena, CA, contact your agent at 8189391841.

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