20-u Value-add So Pas, No Local Rent Control - 308 Pasadena Ave

South Pasadena, CA 91030

• Golf Course
• Multifamily for Sale
• $9,146,200 CAD
• 9,990 SF

• Air Conditioning
• Private Bathroom
• 24 Hour Access
• Pool
• Smoke Detector

South Pasadena Multifamily for Sale - Pasadena

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. Growth Investment Group California is proud to present 308-310 Pasadena Ave, 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 unparalleled 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. LOCATION AMENITIES & ACCESS Strategically situated on a quiet stretch of Pasadena Ave just off Mission St, the property offers a highly walkable, community-centric lifestyle. Residents are mere steps from the Mission Street Downtown District and the Arroyo Seco Golf Course, and just minutes from the Fair Oaks Avenue Retail District, City Hall, and all the premier amenities South Pasadena has to offer. The location also provides excellent regional connectivity via the nearby 110 Freeway, making the commute to Downtown Los Angeles seamless. Furthermore, world-class destinations such as Old Town Pasadena, the South Lake Avenue District, the Pasadena Playhouse District, and Huntington Hospital are all just a short drive away.

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2026-03-11

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228 Warwick Avenue Ave

South Pasadena, CA 91030

• Golf Course
• Land for Sale
• $833,861 CAD
• 0.11 AC Lot

South Pasadena Land for Sale - Pasadena

Located in the serene hills of South Pasadena, this rare development opportunity features two neighboring parcels (4,724 SF and 4,723 SF) on a quiet cul-de-sac with beautiful, unobstructed south-facing views, with nearly all of the groundwork completed. Detailed architectural and structural plans are ready for two custom hillside homes of 1,510 SF and 1,334 SF, plus over 700 SF of integrated outdoor living space (same floor, ceiling and lighting as indoor) and 500 SF garages. They are designed by Escher GuneWardena (EG Arch), a renowned architectural firm, known also for restoration and conservation work on midcentury landmarks such as the Eames House, Chemosphere and other works by Lautner, Neutra, Williams, A. Quincy Jones and Ain. Geologic, geotechnical, and engineering studies, as well as many city fees, are already paid, and the hillside development permits for the plans were approved by the city's Planning Commission, making this an exceptional time-saving investment. EG Arch may be re-engaged to complete the planning approval and building permit process. The lots offer excellent access and space for construction staging and are located outside close-by areas with more restrictive construction rules. The elementary school nearest to the lots ranks in the top 1% in the U.S. and other top-rated South Pasadena schools are also just a few minutes away. Downtown LA, and Pasadena are within a 15 minute drive, and recreational amenities including horse stables, parks, a golf course, tennis club, playgrounds, and sports fields are within walking distance. This is a prime opportunity to build in a prestigious, multi-million-dollar neighborhood with the vision, approvals, and preparation already in place. Both of these adjacent lots can be purchased as a package for $1,199,800

Contact:

Meridian Capital Realty

Property Subtype:

Residential

Date on Market:

2025-10-08

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932 Arroyo Dr

South Pasadena, CA 91030

• Golf Course
• Multifamily for Sale
• $2,710,500 CAD
• 4,018 SF

• Air Conditioning

South Pasadena Multifamily for Sale - Pasadena

This well-maintained multifamily building offers a stable asset in a city known for its top-tier schools, beautiful tree-lined streets, and strong community appeal. The building overlooks the Arroyo and is adjacent to a small golf course, tennis courts, parks and hiking and walking trails. Walk to South Pasadena's charming Mission Street, with its array of shops, cafes, and restaurants. Excellent public transportation access, including the Gold Line Metro, providing a direct link to Downtown Los Angeles.

Contact:

Sauvé & Associates, Inc.

Property Subtype:

Apartment

Date on Market:

2025-08-27

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10-u near Rose Bowl, 4houses, 2 ADU Drawing - 517 E Washington Blvd

Pasadena, CA 91104

• Golf Course
• Multifamily for Sale
• $5,282,000 CAD
• 8,340 SF

• Air Conditioning
• Controlled Access

Pasadena Multifamily for Sale

SELLER MAY CARRY! Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, Drawing for 2 ADUs are included. Growth Investment Group California is proud to present MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio home has a tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas. The property has two shared laundry rooms (machines are seller owned) and a large storage room. Parking is provided by a combination of 9 parking garages (with storage spaces) and several open space parking. Most tenants in this community are long time tenants that are on month to month and are due for rent increases. An additional significant rental upside can be realized when units turn in the future. LOCATION AMENITIES AND ACCESS The property is several blocks north of Old Town Pasadena. It is located east of Los Robles Ave and west of El Molino Ave. It is near the Rose Bowl area (Rose Bowl Stadium, Rose Bowl Aquatics Center, Kidspace Children Museum, and Brookside Golf Course), and just located across from a local Washington Park. It is within minutes from Old Town Pasadena, Playhouse District, The Paseo, and 210 freeway. It has a good demographic of $94,047 average household income within a-mile radius. It offers convenient access to the best amenities the City of Pasadena has to offer. The property has superb access to FWY 210 and 110 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2025-06-30

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