Altadena Investment Properties For Sale

Commercial Real Estate in Altadena available for sale

Investment Properties for Sale in Altadena, CA, USA

2629-2643 1/2 Lake Ave

Altadena, CA 91001

Investment Property
Multifamily for Sale
$7,081,044 CAD
12,652 SF

Air Conditioning
24 Hour Access
Controlled Access
Kitchen
Smoke Detector

Altadena Multifamily for Sale - Pasadena

15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset's condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, all of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant lease-up opportunity, this Altadena property is ideally suited for investors looking to stabilize and maximize returns in what will be a premiere rental location. Two properties must be sold together because of shared driveway and lot configurations. Duplex address is 765 E. Pine St., Altadena, APN# 5841-030-005. Price includes both properties!

Contact:

Realty Investment Advisors

Property Subtype:

Apartment

Date on Market:

2026-04-23

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More details for 517 E Washington Blvd, Pasadena, CA - Multifamily for Sale

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

Pasadena, CA 91104

Investment Property
Multifamily for Sale
$5,224,848 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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Investment Properties for Sale within 10 kilometers of Altadena, CA, USA

609 Corwin Ave

Glendale, CA 91206

Investment Property
Multifamily for Sale
$2,060,080 CAD
2,230 SF

Kitchen

Glendale Multifamily for Sale

Introducing a rare opportunity to acquire a generously updated and meticulously maintained 2-unit PLUS 2022-2023 constructed ADU, perfect for seasoned investors looking to expand their portfolio or new investors eager to enter the real estate market. This property boasts significant curb appeal, with recent updates that enhance both its aesthetic and functional appeal, ensuring minimal future maintenance and attracting quality tenants. Each unit has well-appointed layouts, featuring modern finishes and upgrades, making this property a turnkey investment. The stabilized rents provide steady cash flow from day one, offering financial security and predictability for any buyer. Located in a desirable area with strong rental demand, this property is positioned for long-term appreciation making an excellent asset for long term in a family portfolio. Whether you’re a seasoned investor seeking a reliable addition to your portfolio or a first-time buyer looking for a manageable investment with strong fundamentals, this opportunity checks all the boxes. Don’t miss the chance to secure this income-producing asset!

Contact:

KW Commercial, Glendale

Property Subtype:

Multi Family

Date on Market:

2026-03-25

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More details for 820 Chestnut Ave, Los Angeles, CA - Multifamily for Sale

* REDUCED | 14 Units in Highland Park - 820 Chestnut Ave

Los Angeles, CA 90042

Investment Property
Multifamily for Sale
$3,162,464 CAD
13,547 SF

Air Conditioning
24 Hour Access
Controlled Access
Kitchen
Smoke Detector

Los Angeles Multifamily for Sale - Pasadena

** PRICE REDUCED ** New Metrics: $164K/Door, 9.16 GRM, 218/SF, 6.81% Cap Rate ** Eric Dilanian with The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is proud to present a a rare 14-Unit opportunity in Highland Park – one of LA’s hottest and sought after sub-markets: 820 Chestnut Ave, a 14 Unit Mid-Century Building was built in 1959 and features a ±10,492 Square Foot building situated on large ±15,933 Square Foot Lot Feet, zoned RD1.5-1. The property offers an excellent unit mix consisting of eight (1+1) units, three (2+1) units, two (2+2), and 1 (0+1), with 2 UNITS DELIVERED VACANT. Offered for sale for the first time in ± 17 years, the asset presents an excellent value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. Ideally located in a quiet and quaint neighborhood, tenants will enjoy close proximity to LA’s top retail corridors of York Blvd and Figueroa Street and easy access to South Pasadena and Pasadena. **DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

Contact:

RE/MAX Commercial & Investment Realty

Property Subtype:

Apartment

Date on Market:

2026-03-17

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More details for 308 Pasadena Ave, South Pasadena, CA - Multifamily for Sale

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

South Pasadena, CA 91030

Investment Property
Multifamily for Sale
$8,653,714 CAD
14,348 SF

Air Conditioning
Private Bathroom
24 Hour Access
Pool
Smoke Detector

South Pasadena Multifamily for Sale - Pasadena

REDUCED BY $520,000! 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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More details for 411-417 N Euclid Ave, Pasadena, CA - Multifamily for Sale

15-u near Old Town, 5.35% CAP Rate - 411-417 N Euclid Ave

Pasadena, CA 91101

Investment Property
Multifamily for Sale
$8,198,981 CAD
8,458 SF

Air Conditioning
Kitchen

Pasadena Multifamily for Sale

Prime 15-units near Old Town Pasadena, High 5.48% In-Place CAP Rate, 2 Separate Lots, Large lot size, 13 Units Fully Upgraded, Buyer Can Build Additional 5 units (by right & before bonus density). Growth Investment Group California is proud to offer 405 and 411 N Euclid Ave, a very attractive 15-unit semi value-add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going-in ACTUAL CAP Rate of 5.48% and Proforma CAP Rate of 6.37%. Large high density zone lot, can build additional 5 units (buyer to verify). The properties consist of 411-417 N Euclid Ave which is a 10-unit single story mid-century modern style apartment, and 405 N Euclid Ave, a 5-unit (2 are brand new ADUs) 2-story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411-417 N Euclid is a single story 10 units apartment. The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique to its vaulted ceiling layout with most units having its private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. 411-417 N Euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. 405 N Euclid consists of a charming 2 story bungalow building (3 units) and a brand-new back building that consist of 2 new ADUs (COO in February 2025). It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of ONE (1) x 3bed+2bath, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025. 405 N Euclid ground floor unit has a high ceiling. The 2nd floor unit is a spacious 3bedroom unit that has been beautifully upgraded (3rd bedroom is an attic space that was converted into 3rd bedroom). Only 1 remaining unit has not been updated. The exterior upgrades include a new entry gate, new parking gate, new exterior paint, completely redone landscaping, and new windows blinds. Both properties have a shared driveway that’s located on 405 N Euclid side. Parking is provided by 20 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony so it may not require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2025-12-16

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1156 Steuben St

Pasadena, CA 91106

Investment Property
Multifamily for Sale
$1,274,631 CAD
3,164 SF

Air Conditioning

Pasadena Multifamily for Sale

Unique investment opportunity in the heart of Pasadena—perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Additional property highlights include: Common laundry facility / Two water heaters/One electric meter and one gas meter/ Delivered with existing tenants in place This is a rare chance to secure a well-located, income-producing property with strong upside potential in a high-demand rental market. Whether you’re looking to expand your portfolio or begin a new project, this property offers both stability and opportunity. New sewer line. We are prioritizing cash offers, as conventional financing will not be accepted due to the presence of unpermitted units. A disclosure package and the transfer of responsibility report from the City of Pasadena are available upon request. Property will be delivered with existing tenants. None of the units will be vacated at COE.

Contact:

DPP | Compass

Property Subtype:

Apartment

Date on Market:

2025-11-17

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15 units (10+5)- 405 and 411 N Euclid

Investment Property
Multifamily for Sale
$8,198,981 CAD
8,458 SF
2 Multifamily Properties

Pasadena Portfolio of properties for Sale

Prime 15-units near Old Town Pasadena, High 5.48% In-Place CAP Rate, 2 Separate Lots, Large lot size, 13 Units Fully Upgraded, Buyer Can Build Additional 5 units (by right & before bonus density) Growth Investment Group California is proud to offer 405 and 411 N Euclid Ave, a very attractive 15-unit semi value-add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going-in ACTUAL CAP Rate of 5.48% and Proforma CAP Rate of 6.37%. Large high density zone lot, can build additional 5 units (buyer to verify). The properties consist of 411-417 N Euclid Ave which is a 10-unit single story mid-century modern style apartment, and 405 N Euclid Ave, a 5-unit (2 are brand new ADUs) 2-story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411-417 N Euclid is a single story 10 units apartment. The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique to its vaulted ceiling layout with most units having its private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. 411-417 N Euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. 405 N Euclid consists of a charming 2 story bungalow building (3 units) and a brand-new back building that consist of 2 new ADUs (COO in February 2025). It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of ONE (1) x 3bed+2bath, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025. 405 N Euclid ground floor unit has a high ceiling. The 2nd floor unit is a spacious 3bedroom unit that has been beautifully upgraded (3rd bedroom is an attic space that was converted into 3rd bedroom). Only 1 remaining unit has not been updated. The exterior upgrades include a new entry gate, new parking gate, new exterior paint, completely redone landscaping, and new windows blinds. Both properties have a shared driveway that’s located on 405 N Euclid side. Parking is provided by 20 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony so it may not require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!

Contact:

Growth Investment Group California

Property Subtype:

Multi Family

Date on Market:

2025-09-04

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More details for 405 N Euclid Ave, Pasadena, CA - Multifamily for Sale

15-unit near Old Town Pasadena, High CAP Rate - 405 N Euclid Ave

Pasadena, CA 91101

Investment Property
Multifamily for Sale
$8,198,981 CAD
8,458 SF

Air Conditioning
Smoke Detector

Pasadena Multifamily for Sale

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2025-08-31

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More details for 425 N Raymond Ave, Pasadena, CA - Multifamily for Sale

Close to 6% CAP, Seller May Carry - 425 N Raymond Ave

Pasadena, CA 91103

Investment Property
Multifamily for Sale
$3,927,243 CAD
5,001 SF

Air Conditioning

Pasadena Multifamily for Sale

Prime 7-unit near Old Town Pasadena, Positive Leverage Deal at Close to 6% CAP, Adjacent to a future Large Redevelopment Project on Fair Oaks Ave. Seller May Carry. Growth Investment Group California as the exclusive listing agents are proud to offer the RAYMOND SEVEN - 425 N Raymond Ave, a 7-unit Turnkey Value-add Garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With full renovation recently completed and full occupancy with market rents, this offering provides a highly cash flowing building without doing any work. Offered at a very attractive Close to 6% CAP Rate, this offering provides an excellent Cash-on-cash return on a full Turnkey building where the owner does not have to worry about renovating units, dealing with low-rent tenants, or any deferred maintenance. Current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumbing, and roof. They have upgraded the building with new railings, stucco changes, stairway & walkway repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. The building is fully occupied with market rate tenants and providing excellent rental income close to market. The property is in a quiet and mature residential area surrounded by SFR houses across the street and duplex/fourplex on each side. It is only 2 blocks north of the Old Town Pasadena and minutes away from most of the major attractions in the City of Pasadena including Rose Bowl area. FWY 210 and FWY 134 is less than a minute away from the property. The property was built in 1947, has ±5,001 SF building size and is situated on a ±9,902 SF lot size. It has a superb curb appeal with a large lawn and parking area in the front with the main building sits in the back part of the lot – providing extra sound barrier and privacy to tenants. It offers an attractive unit mix of four (4) x 2bed+1bath, 1 x Penthouse 1bed+1bath, and two (2) x 1bed+1bath units. The Penthouse unit occupies the entire 3rd floor with excellent view of Pasadena area. Each unit has been fully upgraded from top to bottom with brand-new everything (flooring, lighting, kitchen, and bathroom). It has in-unit laundry machines and stainless-steel kitchen appliances. Two of the 2nd floor units have private balcony, and the Penthouse has private balcony with views. Several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. All units have smooth ceilings. The property is separately metered for electricity and serviced by a master water heater. Parking is provided by an open space parking in front. LOCATION AMENITIES AND ACCESS The property is located just two blocks north of Old Town Pasadena and a block from Fair Oaks Ave. It offers walking distance to myriads of shopping and other amenities in Old Town Pasadena. It is within minutes from Rose Bowl area, The Paseo on Colorado, museums, theaters, entertainments, groceries, cafes, shops, and other fantastic amenities in Pasadena. It has an excellent demographics of $140,786 average household income within a 2-mile radius. The property has superb access to FWY 210 and FWY 134 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway. It is minutes away from FWY 110 that connects to Downtown Los Angeles.

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2024-10-09

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