Active

308 Pasadena

South Pasadena, CA 91030
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt9,990

Sqft

SqFt21,008

Sqft(Lot)

PRICE REDUCED for QUICK SALE! 20-unit Value-add in South Pasadena (NO LOCAL Rent Control), Walk to Arroyo Seco Golf Course and Mission Street Downtown District, Prime Large R3 Lot with ADU Potential, South Pasadena School District, Exceptional Demographics. A premier 20-unit value-add investment opportunity in the highly coveted city of South Pasadena. Renowned for its high barriers to entry and exceptionally limited multifamily inventory, South Pasadena offers investors a rare chance to acquire a substantial footprint in a top-tier Southern California submarket with No Local Rent Control (under CA AB1482). Strategically located a block from the Arroyo Seco Golf Course and within walking distance to the vibrant Mission Street Downtown District, the property provides tenants with unpa ralleled access to premium shopping, dining, and community amenities along Mission Street and Fair Oaks Avenue. The surrounding area boasts exceptional demographics, including an average household income exceeding $178,928 within a one-mile radius, and falls within the prestigious South Pasadena Unified School District. Built in 1953, this distinct Mid-Century Modern garden-style community features a well-manicured front lawn and strong curb appeal. The 9,990 SF building rests on an expansive 21,008 SF R3-zoned lot, presenting significant potential for future ADU development. It has a sparkling and fenced swimming pool, and offers a highly desirable unit mix consisting of two (2) 2-bedroom/1-bathroom unit and eighteen (18) 1-bedroom/1-bathroom units. Each unit has individual water heater. The fully upgraded units have new flooring throughout, new kitchen with new cabinets and quartz countertops, new bathroom with tiled wall, and so much more. Current ownership has successfully proven the value-add concept by fully upgrading 15 units with high-end finishes, including new flooring, modern kitchens and bathrooms, and dual-pane windows throughout. The remaining five classic units provide a clear and actionable path for the new owner to capture significant rental upside. The property is gated, separately metered for electricity and gas, and includes 20 on-site parking spaces in the rear, alongside a seller-owned community laundry facility.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $6,580,000

AD Id : 76091599

MLS Id : AR26054584

Lot Size : 21,008 Sqft

Living Area Size : 9,990

Year Built : 1953

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Flat Interior Features: Ceiling Fan(s),Quartz Counters Property Appliances: Gas Range Fireplace: None Flooring: Laminate,Vinyl,Wood
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1953 Building Area Total: 9,990 Construction: Stucco Roof: Flat
  • Foundation

    Raised

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    None

    Pool Features

    Community

    Laundry Features

    Common Area

    Fencing

    Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4823
  • Lot Size Source: Assessor Lot Size Square Feet: 21008

  • Listing Price Information

    Original List Price: 6,580,000 Listing Contract Date: 2026-03-12
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5313011004 Annual Tax: 74774

  • Garage and Parking

    Garage Description: Assigned,Carport

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 658 - So. Pasadena Directions: Mission St becomes Pasadena Ave Source Property Type: Residential Income Area: 658 - So. Pasadena Property SubType: Apartment
  • Building and Construction

    Property Age: 73 Common Walls: 2+ Common Walls Property Condition: Repairs Cosmetic,Updated/Remodeled Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $394,301 Find out How

At $658.66 per sq.ft.,this listing is priced below average compared to other homes from South Pasadena.

The average homes price in South Pasadena is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in Los Angeles County is $373818.81 with avg. price / sq.ft of $2100.74.

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1716 Bushnell Avenue, South Pasadena, CA, 91030 $1,550,000 3 2 1,463 1,463 SqFt
500 Mound Avenue, South Pasadena, CA, 91030 $2,200,000 -- -- 4,560 4,560 SqFt
412 Oaklawn Avenue, South Pasadena, CA, 91030 $5,400,000 7 2 5,199 5,199 SqFt
203 Oaklawn Avenue, South Pasadena, CA, 91030 $3,800,000 6 2 5,622 5,622 SqFt
233 Hillside Road, South Pasadena, CA, 91030 $7,725,000 5 6 7,000 7,000 SqFt
1301 Spruce, South Pasadena, CA, 91030 $3,499,000 -- -- 3,610 3,610 SqFt
1112 Glendon, South Pasadena, CA, 91030 $2,900,000 3 2 2,452 2,452 SqFt
868 Braewood Court, South Pasadena, CA, 91030 $3,880,000 4 5 5,445 5,445 SqFt
838 Braewood Court, South Pasadena, CA, 91030 $3,070,000 4 4 4,514 4,514 SqFt
2070 Meridian Avenue, South Pasadena, CA, 91030 $1,225,000 4 2 1,600 1,600 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 04/06/2026 @ 22:34

MLS: AR26054584 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS

Selling? Save $394,301 when you sell a home like this

Learn More about this Property