Spanish-Style 4-Unit
For Sale
$2,780,000
1171 Huntington Drive, South Pasadena, CA 91030
Two-story multifamily property with separately metered residences, private garages, landscaped grounds, and flexible living arrangements.
Property Size4,676 SF
Lot Size0.33 Acres
Days on Market53
Property Features for 1171 Huntington Drive
General Information
Standard status
Active
Size
4,676 SF
Total Parking Spaces
5
Lot size
0.33 Acres
Property subtype
Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
private balconies
coved spaces
recessed lighting
hardwood floors
fireplace
individual washer and dryer
ample interior storage
walk-in closets
built-in display cabinets
multiple window A/C units
wall heaters
ceiling fans
landscaped grounds
Building Details
Building Size
4,676 SF
Year Built
1923
Buildings
1
Stories
2
Construction
Spanish
Tenancy
Multi
Listing Agency:
Re/Max Premier Properties
Listed By:
Jean Liu · License #01012483
(626) 660-1100
Source:
Velocityrealtysd
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 17 at 4:19AM
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 Re/Max Premier Properties
Investment Insights
Based on property information with market context.
Built in 1923, this Spanish-style quadplex contains four two-bedroom, one-bath residences across two levels. Two apartments are positioned on the ground floor and two occupy the upper level. Unit A includes an additional unpermitted studio, office, or den area, while the other residences provide additional den or office space. Upper-level apartments feature private balconies and distinctive coved areas adjoining the living rooms.
Interior features include hardwood flooring, fireplaces, recessed lighting, built-in display cabinetry, walk-in closets, and individual washer and dryer locations near the kitchens. Multiple window A/C units, wall heaters, and ceiling fans serve the residences. Electricity and gas are separately metered for each unit. The property includes five private parking garages on a 14,464-square-foot lot, with landscaped grounds, mature fruit trees, and privacy. The address is 1171 Huntington Drive in South Pasadena, near schools, shopping, dining, and major freeways.
Interior features include hardwood flooring, fireplaces, recessed lighting, built-in display cabinetry, walk-in closets, and individual washer and dryer locations near the kitchens. Multiple window A/C units, wall heaters, and ceiling fans serve the residences. Electricity and gas are separately metered for each unit. The property includes five private parking garages on a 14,464-square-foot lot, with landscaped grounds, mature fruit trees, and privacy. The address is 1171 Huntington Drive in South Pasadena, near schools, shopping, dining, and major freeways.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a two‑story quadplex
- Built in 1923 on a 14,464‑square‑foot lot
- Five private parking garages included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,633,200
$1.6M
Cap Rate 7%
$1,166,571
$1.2M
Cap Rate 9%
$907,333
$907.3K
Market Conditions
NOI Build-Up for 4,676 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.3K $27.00/SF
− Vacancy
−$9.6K −$2.05/SF
EGI
$116.7K $24.95/SF
− OpEx
−$35.0K −$7.48/SF
NOI
$81.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,633,200
Cap Rate 7%
$1,166,571
Cap Rate 9%
$907,333
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,660 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$1.07M
$940.5K – $1.25M
NOI $75,241 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,246 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 91030, CA
26,927
Population
11,040
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
3.4 sq mi
ZIP Area
7,920
Density / Sq Mi
$128,105
Median Household Income
$79,571
Median Earnings
$2,218
Median Rent
$1,545,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story multifamily property with separately metered residences, private garages, landscaped grounds, and flexible living arrangements.
Where is this quadplex located?
The property is located at 1171 Huntington Drive South Pasadena, CA.
What is the asking price?
The asking price for this property is $2,780,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a two‑story quadplex; Built in 1923 on a 14,464‑square‑foot lot; Five private parking garages included
