Gated 44-Unit Apartment
For Sale
$9,680,000
819 Wright Avenue, Pasadena, CA 91104
Controlled entry, covered parking, laundry, bicycle storage and a courtyard serve residents.
Property Size22,784 SF
Lot Size0.81 Acres
Price / SF$424.86
Days on Market10
Property Features for 819 Wright Avenue
General Information
Standard status
Active
Size
22,784 SF
Lot size
0.81 Acres
Property subtype
Multi-family
Financials
Cap Rate
5.61%
Average Monthly Rent
$1,486
Units
Unit Mix
33 x 1BR, 10 x studio, 1 x 2BR/2BA (non-conforming)
Multifamily Units
44
Additional Details
Public Transit
Yes
Amenities
controlled-access entry
gated covered parking
on-site laundry
bicycle storage
tranquil courtyard featuring a koi pond and tree-shaded seating
Building Details
Year Built
1971
Listing Agency:
REMAX COMMERCIAL & INVESTMENT REALTY
Listed By:
Jacob Plewa · License #02041641
(310) 802-2500
Source:
Sevengables
Added: Sep 21
Changed: Sep 29
Last Checked: Sep 29 at 8:32AM
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 REMAX COMMERCIAL & INVESTMENT REALTY
Investment Insights
Based on property information with market context.
This 44-unit apartment property, constructed in 1971, contains 22,784 SF on a 35,252 SF parcel. The unit mix includes 33 one-bedroom apartments, 10 studios and one non-conforming two-bedroom, two-bath unit. Select apartments have updated kitchens and interiors. Property features include gated access, covered parking, on-site laundry, bicycle storage and a courtyard with a koi pond and shaded seating.
The property is in Pasadena’s Olive Heights / North Central neighborhood, a 15-minute walk from the Metro A Line Lake Station. Old Pasadena, the Rose Bowl and South Lake Avenue are identified nearby, along with Caltech, NASA’s Jet Propulsion Laboratory, Huntington Hospital and Kaiser Permanente.
The rear parking area has been identified as a possible location for eight two-bedroom accessory dwelling units; development would require buyer verification.
The property is in Pasadena’s Olive Heights / North Central neighborhood, a 15-minute walk from the Metro A Line Lake Station. Old Pasadena, the Rose Bowl and South Lake Avenue are identified nearby, along with Caltech, NASA’s Jet Propulsion Laboratory, Huntington Hospital and Kaiser Permanente.
The rear parking area has been identified as a possible location for eight two-bedroom accessory dwelling units; development would require buyer verification.
Key Highlights
- 44 apartments: 33 one‑bedroom units, 10 studios and one non‑conforming two‑bedroom, two‑bath unit
- 22,784 SF building on a 35,252 SF lot
- Built in 1971
Property Analytics
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Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
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Business Placement
Demographics for 91104, CA
34,707
Population
14,381
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
9,133
Density / Sq Mi
$103,052
Median Household Income
$53,827
Median Earnings
$2,040
Median Rent
$1,022,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Controlled entry, covered parking, laundry, bicycle storage and a courtyard serve residents.
Where is this apartment building located?
The property is located at 819 Wright Avenue Pasadena, CA.
What is the asking price?
The asking price for this property is $9,680,000.
What are key features of this property?
This property features: 44 apartments: 33 one‑bedroom units, 10 studios and one non‑conforming two‑bedroom, two‑bath unit; 22,784 SF building on a 35,252 SF lot; Built in 1971
