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$2,798,000
AR26143552 MLS ⋅ Active Status
Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building — a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental commanding top-of-market rents. The rear building adds three income-producing units — two 2BR/2BA and one 1BR/1BA — each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market — a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike — don't miss this exceptional South Pasadena offering.

622 Prospect, South Pasadena
$2,500,000
P1-27807 MLS ⋅ Active Status
Fantastic investment opportunity! Well maintained four-unit income property in the heart of South Pasadena. Prime location just blocks from the city's award-winning high school, middle school, and main corridor on Mission Street. Residents enjoy quick access to shops, restaurants, and grocery stores including Trader Joe's and Pavilions. Two units on the main level and two units on the upstairs level, each approximately 1300sqft. All units feature one bedroom, one bathroom, in-unit laundry, living room, dining room, and individual meters for electric and gas. Upstairs units also include a walk-in closet and a large den that can be used as a 2nd bedroom. Gated parking with one parking spot and one storage space per unit. Lush, mature landscaping on the property adds privacy and aesthetic appeal. Built-ins and abundant storage within the units add convenience and functionality. Don't miss this rare opportunity in a high-demand area.

1429 Monterey Road, South 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.