South Pasadena Investment
For Sale
$2,200,000
500 Mound AVE, South Pasadena, CA 91030
Six-unit property in South Pasadena, near schools and amenities.
Property Size4,560 SF
Days on Market260
Property Features for 500 Mound AVE
General Information
Standard status
Active
Size
4,560 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
4,560 SF
Year Built
1921
Listing Agency:
Norm Haley Real Estate
Listed By:
Norman Haley · License #00528924
(626) 840-7366
Source:
Milsteinestates
Added: Feb 13
Changed: Oct 26
Last Checked: Oct 30 at 10:40PM
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 Norm Haley Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit investment property is located in South Pasadena, an area known for its award-winning schools. The property is situated in proximity to Los Angeles, Caltech, the Huntington Library, and the Pasadena Rose Bowl. Nearby amenities include Bristol Farms, Fair Oaks Retail, Garfield Park, and the Metro Station. The location has a walk score of 90, indicating it is a walker's paradise, and a bike score of 63, indicating it is bikeable. The transit score is 61, indicating good transit options.
Key Highlights
- Located in South Pasadena, known for award‑winning schools.
- Walker's Paradise with a walkScore of 90.
- Rare 6‑unit investment property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,374
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,480
$1.5M
Cap Rate 7%
$1,048,200
$1.0M
Cap Rate 9%
$815,267
$815.3K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$145.0K $31.80/SF
− Vacancy
−$11.6K −$2.54/SF
EGI
$133.4K $29.26/SF
− OpEx
−$60.0K −$13.17/SF
NOI
$73.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,480
Cap Rate 7%
$1,048,200
Cap Rate 9%
$815,267
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$917.2K – $1.22M
NOI $73,374 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,898 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,002
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property in South Pasadena, near schools and amenities.
Where is this apartment building located?
The property is located at 500 Mound AVE South Pasadena, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Located in South Pasadena, known for award‑winning schools.; Walker's Paradise with a walkScore of 90.; Rare 6‑unit investment property.
