Entity Owned 
For Sale
Property summary
This exceptional 7-unit apartment building presents a compelling investment opportunity in the highly desirable Old Town Pasadena area. Boasting a prime location just two blocks from Old Town, this fully renovated property offers immediate cash flow with no deferred maintenance. The 5,001 square foot building, constructed in 1947 and completely renovated in 2024, sits on a 9,902 square foot lot and features nine parking spaces. The property includes a mix of unit sizes: four… 2-bedroom/1-bathroom units, one penthouse 1-bedroom/1-bathroom unit, and two 1-bedroom/1-bathroom units. All units are currently 100% occupied at market rent, generating a strong net operating income (NOI) of $173,796 (pro-forma NOI of $184,380), resulting in a 5.32% cap rate (pro-forma 5.65%). Recent upgrades encompass all mechanical, electrical, and plumbing systems, a new roof, foundation strengthening, exterior enhancements (stucco, paint, landscaping), new windows, and complete interior renovations in each unit, including new kitchens, bathrooms, flooring, appliances, and in-unit laundry. The building benefits from separate electricity meters and a master water heater. This turnkey investment offers a rare combination of location, strong cash flow, and minimal ongoing maintenance, making it an ideal addition to any portfolio. The property is zoned R1 and features a desirable unit mix, ample parking, and excellent curb appeal. The building's location provides easy access to freeways 210, 134, and 110, and is within walking distance of Old Town Pasadena's vibrant amenities. The asking price is $3,265,000, representing $466,000 per unit.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
