1500 Navarro Ave Pasadena, CA 91103

Building Details

Year Built

1950

Listing Agency c***@compass.com Show Phone

Listed by Cori Cooperider Show Phone

Source Elliman

Added: Apr 4 Checked: Jul 16 at 11:00 am

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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.

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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.