Pasadena (NW) (645) Homes with Apartment Subtype

Welcome to the charming neighborhood of Northwest Pasadena, a hidden gem nestled within the vibrant city of Pasadena, California. Known for its rich history and stunning architecture, this area offers a unique blend of urban convenience and suburban tranquility. With tree-lined streets, a diverse community, and an array of local amenities, Northwest Pasadena is an ideal place for families, professionals, and anyone seeking a welcoming environment.

One of the standout features of this region is the variety of homes available, particularly those with an apartment subtype. These residences provide a fantastic opportunity for homeowners and investors alike. Whether you’re looking for a spacious multi-family home or a cozy unit that offers rental potential, Northwest Pasadena’s real estate market has something to suit every need.

Many homes in this area boast charming architectural details, such as Spanish-style facades and mid-century designs, while also incorporating modern updates that cater to today’s lifestyle. The proximity to local parks, shops, and restaurants means that residents can enjoy the best of Pasadena right at their doorstep.

With easy access to major highways and public transportation, commuting to downtown Los Angeles or other nearby areas is a breeze. Plus, the rich cultural scene, including the famous Rose Bowl and numerous art galleries, ensures there’s always something exciting happening in the neighborhood.

Explore the inviting homes of Northwest Pasadena, where you can find the perfect blend of comfort, community, and convenience. Your dream home awaits!

Newest Pasadena (NW) (645) Homes with Apartment Subtype

$2,730,000

AR26217788 MLS ⋅ Active Status

12-Unit Mid-Century Value-Add, Excellent Unit Mix + Large Lot, Major Capex Completed (New Roof, New Landscaping, Upgraded electrical panels and subpanels), 8.32% Proforma Cap Rate, Generational Hold (Owned Since 1963). Can Be Acquired together with 295 S Hudson Ave, Pasadena (14 units). 1677 N Lake Ave, a commanding 12-unit value-add apartment community in one of Southern California’s most desirable markets: Pasadena, CA. This generational asset has been meticulously maintained by the same family since 1963. Situated on the prominent Lake Avenue corridor, the property provides tenants with immediate access to premier local destinations including Old Pasadena, the Lake Ave Shopping District, the Rose Bowl, Caltech, and Pasadena City College. The asset is nestled among single-family homes and boutique apartment communities, supported by exceptional local demographics featuring an average household income of ±$167,051 within a one-mile radius. Constructed in 1959, this classic Mid-Century building boasts excellent curb appeal, enhanced by a well-maintained central courtyard and newly installed drought-tolerant landscaping. The property encompasses 9,118 square feet of rentable space on an expansive 16,478 square-foot, medium-density residential lot (RM-16). The highly attractive unit mix consists of two (2) 2-bedroom/2-bathroom units, two (2) 2-bedroom/1-bathroom units, and eight (8) spacious 1-bedroom/1-bathroom units, averaging ±760 square feet each. The floor plans are bright and expansive, featuring large windows for abundant natural light, through-the-wall A/C, and a mix of original and upgraded hardwood flooring. Current ownership has injected significant capital to strategically de-risk the asset, including a new roof and comprehensive upgrades to the electrical panels and unit subpanels. Operations are highly efficient: units are separately metered for gas and electricity, each features its own water heater, and the building is serviced by a shared laundry room with leased machines. Parking is generously accommodated by 12 rear carport spaces and 4 open spaces, fundamentally exempting the property from costly soft-story seismic retrofitting requirements. Furthermore, the property has already passed its required SB-721 inspection. Beyond standard interior renovations to capture proven market premiums (achieving an 8.20% proforma CAP rate), the property's massive lot and rear carport layout present a superb opportunity to add ADUs.

1677 N Lake, Pasadena

$2,700,000

SR26208085 MLS ⋅ Active Status

Exceptional multifamily investment opportunity in Pasadena! This 10-unit apartment property offers an impressive unit mix consisting of five 2-bedroom/1-bath units and five spacious 4-bedroom/2-bath units, providing a total of 30 bedrooms across the property. Each unit also includes two dedicated covered parking spaces, providing a total of 20 covered parking spaces—an outstanding amenity for a multifamily property. Built in 1961, the property encompasses approximately 16,302 square feet of building area on an approximately 13,883 square foot lot. The combination of generously sized units, substantial bedroom count, and ample covered parking makes this an attractive addition to an investor's portfolio. Located in Pasadena, the property offers convenient access to Old Pasadena, the Rose Bowl, shopping, dining, entertainment, transportation, and major employment centers throughout the San Gabriel Valley and Greater Los Angeles area. With 10 units, a desirable mix of larger floor plans, and two covered parking spaces per unit, 1095 N Raymond Ave presents a compelling opportunity to acquire a substantial income-producing multifamily asset in the Pasadena rental market. Buyer to independently verify all information, including square footage, lot size, unit mix, bedroom and bathroom counts, parking, rents, expenses, zoning, permits, and development potential.

1095 N Raymond, Pasadena

$2,599,000

TR26131676 MLS ⋅ Active Status

481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029 !!!! 2 story building was built in 1903 and single story building was built in 1952. 2 STORY BUILDING EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2021. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

481 Lincoln Avenue, Pasadena

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.