276 S Sierra Madre Boulevard, Pasadena, CA 91107

• 8,884 sqft

Property Description

6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.

Listing Status:

Pending

Date Added:

January 27, 2026

Data Last Updated:

May 20, 2026 at 10:06PM

Listing Office:

Realty Investment Advisors, Inc. :

Listing Agent:

Alexander Metaxas : 626-313-4901

MLS ID:

CL26642065

Interior

• Heating: ElectricHeat Pump

Exterior

• Parking: AssignedOtherOn StreetSide By Side

Location

• County: Los Angeles

Lot

• Zoning: LCR4YY5330001007