$6,580,000

308 Pasadena, South Pasadena, CA 91030

  • 3 beds |
  • 2 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

PRICE REDUCED for QUICK SALE! 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. 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 fu

Listing Status:
Active
Date Added:
March 12, 2026
Data Last Updated:
April 2, 2026 at 2:12AM
Listing Office:
Growth Investment Group Pasade : 626-594-4900
Listing Agent:
Handoko Chen : 626-224-2495
MLS ID:
AR26054584
  • A/C: Wall/Window
  • General: N/K
  • Pool: Community/Common
  • General: Stucco2 Story
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Assessor5313011004
  • Source: California Regional MLS

This listing courtesy of Handoko Chen , Growth Investment Group Pasade

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arroyo Vista Elementary School

335 El Centro St, South Pasadena, CA, 91030

Grades KG-5

0.14 miles away

S

South Pasadena Middle School

1500 Fair Oaks Ave, South Pasadena, CA, 91030

Grades 6-8

1.18 miles away

S

South Pasadena High School

1401 Fremont Ave, South Pasadena, CA, 91030

Grades 9-12

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.