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Six-Unit Multifamily Property
For Sale
$2,195,000

1124 Cordova St, Pasadena, CA 91106

Updated Pasadena apartment asset with a balanced mix of one- and two-bedroom residences.

Property Size4,407 SF
Price / SF$498.07
Days on Market12

Property Features for 1124 Cordova St

General Information

Standard status Active
Size 4,407 SF
Property subtype Residential Income
Listing Agency: Realty Investment Advisors, Inc.
Listed By: Alexander Metaxas
Source: Exprealty
Added: Sep 1 Changed: Sep 11 Last Checked: Sep 12 at 1:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Investment Advisors, Inc.

Investment Insights

Based on property information with market context.

This 4,407-square-foot apartment property contains six units: two two-bedroom, one-bath residences, three one-bedroom, one-bath residences, and one oversized one-bedroom, one-bath unit. Building improvements include copper plumbing, some updated windows, fresh paint, and interior updates and remodels. New roofs were completed in 2026.

The property is positioned between South Lake Avenue, Caltech, and Pasadena City College. South Lake Avenue, Erewhon, dining, and shopping options are located less than one mile away, while Caltech and Pasadena City College are nearby educational institutions and employment centers. The combination of a compact unit count, varied floor plans, and documented capital improvements provides a clear multifamily configuration in Pasadena.

Key Highlights

  • Six‑unit apartment property totaling 4,407 SF
  • Unit mix includes two 2‑bedroom/1‑bath and four 1‑bedroom/1‑bath units
  • One 1‑bedroom/1‑bath unit is oversized

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Butcher Mobile Phone Store Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,682
Businesses Nearby

Demographics for 91106, CA

24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated Pasadena apartment asset with a balanced mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1124 Cordova St Pasadena, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Six‑unit apartment property totaling 4,407 SF; Unit mix includes two 2‑bedroom/1‑bath and four 1‑bedroom/1‑bath units; One 1‑bedroom/1‑bath unit is oversized
More about this property
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