622 Prospect, South Pasadena, CA 91030

• 3,460 sqft

Property Description

Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building — a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental commanding top-of-market rents. The rear building adds three income-producing units — two 2BR/2BA and one 1BR/1BA — each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market — a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike — don't miss this exceptional South Pasadena offering.

Listing Status:

Active

Date Added:

July 1, 2026

Data Last Updated:

July 5, 2026 at 2:18AM

Listing Office:

Re/Max Premier Prop Arcadia : 626-229-2200

Listing Agent:

Fred Ashkar : 626-229-2200

MLS ID:

AR26143552

Interior

• Laundry: Common Area
• Heating: Forced Air
• Fireplace: None

Exterior

• General: None
• Style: Craftsman
• Pool: None
• Parking: CarportParking spaces: 5

Construction

• Roofing: Composition
• Windows: Double Pane WindowsScreens
• General: 2Raised

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: R35315016006
• Fencing: Wood

Utilities

• Water: Public
• Sewer: Sewer Tap Paid

Financial

• Source: CRMLS_CRM