429 Hl Ave Pasadena, CA 91106-1288
This exceptional investment opportunity presents a 7-unit apartment building located at 429 N Hill Ave, Pasadena, CA 91106. Priced at $2,000,000, this property offers a diverse mix of units, including four one-bedroom, one-bathroom apartments (one vacant upon sale), a two-bedroom unit, a four-bedroom unit, and a studio apartment. The building's strategic location provides easy access to the 210 freeway, the Gold Line train station, Pasadena City College, Old Town Pasadena, and downtown Los Angeles, ensuring high rental demand and tenant appeal. The property's low maintenance requirements contribute to its strong investment potential. This is an ideal acquisition for investors seeking a consistent income stream from a well-situated multifamily property in a thriving California market. The property is classified as multifamily and commercial, and is situated in Los Angeles County. Its convenient location near major transportation arteries and desirable amenities makes it a highly attractive investment. The diverse unit mix caters to a broad range of tenants, further enhancing its rental income potential. This Pasadena property represents a rare opportunity to acquire a well-maintained, income-producing asset in a prime location. Don't miss this chance to secure a valuable piece of Pasadena real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSR4 · Pasadena, CAPasadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.