Property summary
This exceptional investment opportunity presents a 6-unit apartment building situated on a 12,008 sq ft lot in desirable Pasadena, CA (91103). The property, built in 1958, consists of two, one-story buildings totaling 4,275 square feet and features 12 parking spaces. Currently boasting 100% occupancy, the property offers a compelling value-add proposition. The asking price is $2,150,000, translating to $502.92 per square foot and $358,333.33 per unit. The current Net Operating Income (NOI)… stands at $96,051, yielding a 4.47% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $141,000 and a 6.56% cap rate, reflecting the substantial upside potential. The land value alone is estimated at $179.04 per square foot. Zoned PSR1, the property presents opportunities for expansion, potentially including the addition of Accessory Dwelling Units (ADUs). This presents a rare chance to acquire a multifamily property in a high-demand area with considerable room for rent increases and property appreciation. The strong rental market in Pasadena ensures a reliable tenant base, making this a truly attractive investment.
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
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
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 · 10 properties nearbyComparable nearby
Similar Nearby for Sale
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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
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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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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight