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Gated 44-Unit Apartment Building
New
For Sale
$9,680,000

819 Wright Ave, Pasadena, CA 91104

Residential Income, Pasadena, CA

Property Size22,784 SF
Lot Size0.81 Acres
Price / SF$424.86
Days on Market2

Property Features for 819 Wright Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning PSR1
Bedrooms 44
Bathrooms 44
Full bathrooms 4
Rooms Bathroom 41, Bathroom 22, Bedroom 6, Bedroom 29, Bedroom 42, Bathroom 4, Bathroom 39, Bathroom 43, Bedroom 23, Bathroom 21, Bedroom 12, Bedroom 20, Bedroom 32, Bedroom 40, Bathroom 8, Bedroom 38, Bathroom 7, Bathroom 40, Bedroom 33, Bedroom 18, Bathroom 36, Bathroom 32, Bedroom 36, Bathroom 28, Bathroom 42, Bedroom 44, Bedroom 26, Bedroom 31, Bedroom 34, Bathroom 1, Bathroom 34, Bathroom 12, Bathroom 30, Bedroom 39, Bedroom 21, Bedroom 24, Bathroom 13, Bedroom 3, Bathroom 10, Bathroom 23, Bathroom 44, Bedroom 8, Bedroom 1, Bathroom 18, Bedroom 10, Bedroom 5, Bathroom 25, Bedroom 15, Bedroom 43, Bedroom 35, Bedroom 41, Bathroom 27, Bedroom 2, Bedroom 16, Bedroom 37, Bathroom 9, Bathroom 17, Bedroom 7, Bathroom 11, Bathroom 31, Bedroom 28, Bathroom 26, Bathroom 38, Bathroom 15, Bedroom 11, Bedroom 14, Bathroom 29, Bathroom 33, Bedroom 27, Bathroom 20, Bathroom 3, Bathroom 35, Bedroom 9, Bathroom 37, Bedroom 19, Bathroom 5, Bedroom 30, Bedroom 17, Bathroom 6, Bathroom 19, Bedroom 25, Bathroom 16, Bedroom 13, Bedroom 22, Bathroom 2, Bedroom 4, Bathroom 24, Bathroom 14
Parking 50
Parking features Covered, Guest, Gated, Carport
Security features Security Lighting
Directions North of Orange Grove, just West of N Lake Ave
Subdivision Pasadena NE
Standard status Active
APN 5731-009-069
Size 22,784 SF
Lot size 0.81 Acres

Utilities

Heating system Central
Cooling system Window Unit(s), Central Air

Amenities

controlled-access entry
gated covered parking
on-site laundry
bicycle storage
courtyard with koi pond

Building Details

Year built 1971
Floors in Building 3
Number of units 44
Listing Agency: REMAX COMMERCIAL & INVESTMENT REALTY
Listed By: Jacob Plewa · License #02041641
Added: Sep 21 Last Checked: Sep 22 at 9:06AM
MLS# 26990875

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 44-unit apartment community was built in 1971 on a 35,252-square-foot lot and contains approximately 22,784 square feet. The unit mix includes 33 one-bedroom apartments, 10 studios, and one non-conforming two-bedroom/two-bath unit. Select residences have updated kitchens and interiors. Property features include controlled-access entry, gated covered parking, guest parking, on-site laundry, bicycle storage, central heating, window units, central air, and a courtyard with a koi pond and shaded seating.

Located at 819 Wright Ave in Pasadena, the property has a Walk Score of 86 and is approximately a 15-minute walk from the Metro A Line Lake Station. Old Pasadena, the Rose Bowl, South Lake Avenue, Caltech, NASA's Jet Propulsion Laboratory, Huntington Hospital, and Kaiser Permanente are identified nearby in the property information. The property is zoned PSR1 and has a 5.61% current cap rate.

Key Highlights

  • 44‑unit apartment community with 33 one‑bedroom units, 10 studios, and one non‑conforming two‑bedroom/two‑bath unit
  • Approximately 22,784 SF on a 35,252 SF lot
  • Gated property with controlled‑access entry and covered parking

Property Analytics

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Current Use

Wright Avenue Apartments Apartment Building

Suggested Use

Top Pick Grocery & Convenience Store Clothing & Fashion Store Food Market Veterinary Clinic Pet Store Pet Grooming Service

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

44
Residential units

Location Intelligence

Trade Area within ½ mile

1,247
Businesses Nearby

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
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

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

What type of property is this?
Apartment building - Multifamily community with controlled entry, covered parking, on-site laundry, and a landscaped courtyard with a koi pond.
Where is this apartment building located?
The property is located at 819 Wright Ave 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‑unit apartment community with 33 one‑bedroom units, 10 studios, and one non‑conforming two‑bedroom/two‑bath unit; Approximately 22,784 SF on a 35,252 SF lot; Gated property with controlled‑access entry and covered parking
More about this property
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