482 S El Molino Avenue, Pasadena, CA 91101 (MLS # 25560529)

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PRICE $3,100,000 dsIDX morgage calculator
BEDS 12
BATHS 10
HOME SIZE 8,162 sqft
LOT SIZE 14,619 sqft

First time on the market in over 50 years, it is with great pleasure to present this 8-unit multifamily property in one of the best areas of Pasadena. This investment offers a stable return and appreciation fueled by this high rental demand location at just a 10-minute walk to Erewhon, Trader Joe's and the prime corridor of South Lake Ave. With a large building size of 8,162 SF the subject property offers spacious units featuring a strong unit mix of: TWO 2 Bed + 2 bath units, TWO 2 Bed + 1 bath units and FOUR 1 Bed + 1 bath units. The garden style layout offers charm and privacy with most units having patios or balconies. The two-bedroom units feature central HVAC systems and all units have individual water heaters and separately metered for gas and electricity. Major capital improvements include a full roof replacement in 2022, the plumbing has been updated and granite counters with built-in stoves and ovens. Situated on a large 14,617 SF lot, there are 8 covered parking spaces with 3 more uncovered spaces along with storage sheds that can provide some additional rental income. A community laundry room currently has two, landlord owned, coin operated machines and can accommodate two additional machines to increase laundry operations. All balconies have been inspected per state ordinances. Units are subject to Pasadena local rent control laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

DAYS ON MARKET 2 LAST UPDATED 7/8/2025
YEAR BUILT 1962 COMMUNITY 648 - Pasadena (SE)
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 648 - Pasadena (SE)
HEAT Electric
LOT 0.3356 acre(s)
PARKING Detached Carport
POOL DESCRIPTION None
STORIES 2
MORTGAGE CALCULATOR
   

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Listed with Realty Investment Advisors, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/9/25 2:04 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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