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Quadplex with Craftsman Residence
For Sale
$2,688,000

622 Prospect, South Pasadena, CA 91030

Two separate buildings combine a character residence with three additional units, all currently occupied.

Property Size3,460 SF
Lot Size0.23 Acres
Days on Market13

Property Features for 622 Prospect

General Information

Standard status Active
Size 3,460 SF
Lot size 0.23 Acres
Property subtype Quadruplex
Occupancy 100%

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 3BR/2BA, 2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 4

Additional Details

Gross Income $131,700

Amenities

covered front porch
stone fireplace
assigned carport parking

Building Details

Building Size 3,460 SF
Year Built 1907
Buildings 2
Listing Agency: Re/Max Premier Properties
Listed By: Fred Ashkar · License #00925837
Source: Hopewayrealtygroup
Added: Oct 1 Changed: Oct 7 Last Checked: Oct 13 at 12:38AM

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 Re/Max Premier Properties

Investment Insights

Based on property information with market context.

This four-unit property comprises two buildings on a 10,002-square-foot lot. The 1907 front residence is a three-bedroom, two-bath Craftsman with original hardwood floors, a stone fireplace, an updated kitchen with stainless appliances, and renovated bathrooms. A covered porch completes the front house. Built in 1988, the rear building contains two two-bedroom, two-bath units and one one-bedroom, one-bath unit. All four residences are occupied; the rear units have assigned carport parking and separately metered utilities.

The property is in South Pasadena, within the South Pasadena Unified School District. The Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles are described as minutes away. A long driveway serves the site, and the listing notes possible ADU development subject to buyer verification.

Key Highlights

  • Four units across two buildings on a 10,002 SF lot
  • Unit mix: one 3BR/2BA, two 2BR/2BA, and one 1BR/1BA
  • Front Craftsman residence built in 1907; rear building completed in 1988

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Furniture & Home Goods Food Market Computer & Electronic Repair Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,813
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Two separate buildings combine a character residence with three additional units, all currently occupied.
Where is this quadplex located?
The property is located at 622 Prospect South Pasadena, CA.
What is the asking price?
The asking price for this property is $2,688,000.
What are key features of this property?
This property features: Four units across two buildings on a 10,002 SF lot; Unit mix: one 3BR/2BA, two 2BR/2BA, and one 1BR/1BA; Front Craftsman residence built in 1907; rear building completed in 1988
More about this property
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