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Property profile & analytics
OFF-MARKET Estimated value $1,750,000
Apartment buildings

429 Hl Ave Pasadena, CA 91106-1288

4,228 SF 0.26 ac lot Built 1959
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6947630
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1959
Construction WOOD
Total area 4,228 SF
Lot 0.26 ac (11,415 SF)
Zoning code PSR4
APN 5739-001-055
UPID US09-6947630
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$1.75M
Owner & transaction history
Andranik Gabriyelyan · 1 yrs held
Andranik Gabriyelyan
since 2024
Last sale
$1.8M
7 recorded transactions
2024
$1.8M
2021
Price N/A
2020
Price N/A
2020
Price N/A
2017
Price N/A
2017
$1.9M
2017
Price N/A
Zoning & alternative use
PSR4 · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $2.6M +94.4%
Office building $2.4M +79.4%
Auto repair, garage $2.1M +59.9%
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