20-Unit Apartment
New
For Sale
$3,800,000
2809 Pasadena, Los Angeles, CA 90031
Two-story property with gated entry, on-site parking, and a shared laundry room.
Property Size14,281 SF
Lot Size0.39 Acres
Price / SF$266.09
Days on Market2
Property Features for 2809 Pasadena
General Information
Standard status
Active
Size
14,281 SF
Total Parking Spaces
20
Lot size
0.39 Acres
Property subtype
Commercial
Zoning
RD3-1
Occupancy
100%
Financials
Average Monthly Rent
$1,505
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
18 x 1BR/1BA, 1 x 2BR/1BA, 1 x Studio
Multifamily Units
20
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$22,652
Amenities
Common Laundry Room
Gated Access
Building Details
Building Size
14,281 SF
Year Built
1962
Buildings
1
Stories
2
Units
20
Construction
Wood Frame, Stucco
Tenancy
Multi
Listed By:
VINCENT HUEN
Source:
Elliman
Added: Oct 1
Last Checked: Oct 1 at 2:14PM
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 VINCENT HUEN
Investment Insights
Based on property information with market context.
Built in 1962, this two-story apartment property contains 14,281 square feet on a 16,775-square-foot lot. Its 20 apartments comprise eighteen one-bedroom/one-bath units, one two-bedroom/one-bath unit, and one studio. All units are leased. Shared amenities include a laundry room, gated access, and 20 on-site parking spaces. Improvements include a completed soft-story retrofit, roof replacements in 2024 and 2025, new electrical subpanels in all 20 apartments, a central water heater, a replacement main water service line, resurfaced driveway, and repainted exterior.
The property is within the Lincoln Heights HPOZ and is zoned RD3-1. It is also designated Transit Oriented Communities Tier 3, Transit Priority Area, and federal Opportunity Zone. The site is subject to the City of Los Angeles Rent Stabilization Ordinance. Transit access includes a six-minute walk to the Metro A Line at Lincoln/Cypress, with I-5 and SR-110 nearby; the Downtown Los Angeles Civic Center is 2.4 miles away.
The property is within the Lincoln Heights HPOZ and is zoned RD3-1. It is also designated Transit Oriented Communities Tier 3, Transit Priority Area, and federal Opportunity Zone. The site is subject to the City of Los Angeles Rent Stabilization Ordinance. Transit access includes a six-minute walk to the Metro A Line at Lincoln/Cypress, with I-5 and SR-110 nearby; the Downtown Los Angeles Civic Center is 2.4 miles away.
Key Highlights
- 20 apartments: eighteen one‑bedroom/one‑bath, one two‑bedroom/one‑bath, and one studio
- 14,281 SF building on a 16,775 SF lot; built in 1962
- 20 on‑site parking spaces, plus gated access and a common laundry room
Property Analytics
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Current Use
Lease Details
20
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
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Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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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?
Apartment building - Two-story property with gated entry, on-site parking, and a shared laundry room.
Where is this apartment building located?
The property is located at 2809 Pasadena Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 20 apartments: eighteen one‑bedroom/one‑bath, one two‑bedroom/one‑bath, and one studio; 14,281 SF building on a 16,775 SF lot; built in 1962; 20 on‑site parking spaces, plus gated access and a common laundry room
