South Pasadena Multifamily Investment
For Sale
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308 Pasadena, South Pasadena, CA 91030
20-unit apartment building in South Pasadena with value-add potential.
Property Size9,990 SF
Lot Size0.48 Acres
Price / SF$680.68
Days on Market159
Property Features for 308 Pasadena
General Information
Standard status
Active
Size
9,990 SF
Class
B
Total Parking Spaces
20
Lot size
0.48 Acres
Property subtype
Multifamily
Zoning
R3
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$321,744
Building Details
Year Built
1953
Year Renovated
2020
Buildings
1
Stories
2
Units
20
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #CA 01749321
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 3:25PM
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 Growth Investment Group
Investment Insights
Based on property information with market context.
This 20-unit apartment building presents a value-add investment opportunity in South Pasadena. The property is located a block from the Arroyo Seco Golf Course and within walking distance of the Mission Street Downtown District, providing access to shopping, dining, and community amenities. The surrounding area features demographics with an average household income exceeding $178,928 within a one-mile radius and falls within the South Pasadena Unified School District. Constructed in 1953, this mid-century modern garden-style community includes a front lawn and curb appeal. The 9,990 square foot building is situated on a 21,008 square foot R3-zoned lot, offering potential for future ADU development. The property features a swimming pool and a unit mix consisting of two 2-bedroom/1-bathroom units and eighteen 1-bedroom/1-bathroom units. Each unit has an individual water heater. The upgraded units have new floors.
Key Highlights
- No local rent control (under CA AB1482)
- Prime Large R3 Lot with ADU Potential
- Walk to Arroyo Seco Golf Course and Mission Street Downtown District
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit apartment building in South Pasadena with value-add potential.
Where is this apartment building located?
The property is located at 308 Pasadena South Pasadena, CA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: No local rent control (under CA AB1482); Prime Large R3 Lot with ADU Potential; Walk to Arroyo Seco Golf Course and Mission Street Downtown District
