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Pasadena Multifamily Investment Opportunity

1500 Navarro Ave Pasadena, CA 91103

1500 Navarro Ave, Pasadena, CA, 91103
$1,750,000
For Sale
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$1,750,000

Well-maintained 6-unit property in North Central Pasadena with strong cashflow.

AddedApr 4
Days on Market104
Last RefreshJul 15 at 12:50 pm

Property Features for 1500 Navarro Ave

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1950

Listing office

Listing date Apr 4, 2026

Source Elliman

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 Cori Cooperider


Investment Insights

Based on property information with market context.

Located in the North Central Pasadena neighborhood, this 6-unit multifamily property presents an opportunity to acquire an income-producing asset. Built in 1950, the property consists of one-bedroom units and is fully occupied with Section 8 tenants, providing consistent rental income. The property has been maintained and reflects pride of ownership. Each unit includes in-unit laundry. The property provides one dedicated parking space per unit, along with storage cupboards located at each parking space. Residents have access to a shared outdoor common area. Ample street parking is available for tenants and guests. The property is located near local shops, dining, and essential services. The property is suitable for investors seeking a low-maintenance asset with dependable returns and long-term upside. The bike score is 64, making it bikeable. The walk score is 62, indicating it is somewhat walkable, and the transit score is 42, suggesting some transit options are available.

Key Highlights

  • Strong in‑place cash flow from fully occupied units with stable Section 8 tenants, ensuring reliable rental income.
  • Desirable North Central Pasadena location, near shops, dining, and essential services.
  • Each unit features in‑unit laundry, a highly desirable amenity for tenants.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Spa & Massage Center Hair Salon Real Estate Agency Parking Lot & Garage Skin Care Clinic Dental Office Food Market Nail Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Well-maintained 6-unit property in North Central Pasadena with strong cashflow.
Where is this apartment building located?
The property is located at 1500 Navarro Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Strong in‑place cash flow from fully occupied units with stable Section 8 tenants, ensuring reliable rental income.; Desirable North Central Pasadena location, near shops, dining, and essential services.; Each unit features in‑unit laundry, a highly desirable amenity for tenants.
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