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RARE INVESTMENT OPPORTUNITY. 171-179 S Sierra Madre Blvd, Pasadena, CA 91107. Real Estate Investors & Developers: Opportunity to acquire a five-unit multifamily property on a large 16,134 sq ft lot in a highly desirable southeast side of Pasadena. Zoned RM32, the property offers significant potential, including the possibility of building up to 12 homes (buyer to verify with the city). Property Highlights: 1) Five units across three separate buildings 2) Front House (175 S Sierra Madre) is a stand-alone Two-Story 2,848 sf Single House with its own driveway. This spacious, bright and airy, 4 bedroom, 2 bath craftsman-style home features a huge living room, family room, office, large kitchen, basement, front and side yards. Similar single homes in the area are already worth millions of dollars. 3) Back Units: Four units, each with 2 bedrooms and 1 bath, and a dedicated garage. Two separate driveways for convenient access, one dedicated to the Front House and the other to the rear 4 units. Income and Development Potential: The property currently has stable, long-term tenants, providing an immediate opportunity to increase cash flow. Situated directly across from the newer Town & Country luxury townhomes, this lot is in a proven and high-demand area for new development. Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public transportation, including the Metro rail station.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/25/2025 |
|---|---|---|---|
| YEAR BUILT | 1957 | COMMUNITY | 648 - Pasadena (SE) |
| GARAGE SPACES | 5.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 648 - Pasadena (SE) |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 0.3747 acre(s) |
| LOT DESCRIPTION | Front Yard |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/25 2:03 AM 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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