Active
$2,325,000
4 Units
8 Beds
4 Baths
5,988 Area(sq.ft.)
Lot: 8,957 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,613 | $ 2,613 | $ 2,800 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,769 | $ 1,769 | $ 2,800 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,795 | $ 2,795 | $ 2,800 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,691 | $ 2,691 | $ 2,800 |
| 4 | 8 | 4 | $ 9,868 | $ 9,868 | $ 11,200 |
| MLS #: | 25532379 |
| Days On Market: | 218 |
| Listing Date: | May 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 388 |
| Price per unit: | $ 581,250 |
| Year Built: | 1924 |
Property Details
Nestled in the heart of Pasadena, 775-781 E California Blvd is a beautifully maintained 1920s Spanish-style four-plex that seamlessly blends timeless character with modern conveniences. Each of the four spacious units offers 2 bedrooms and 1 bathroom, with approximately 1,159 square feet of thoughtfully designed living space. Rich in original detail, the property showcases charming period features such as hardwood floors, decorative moldings, classic tile work, and beautifully tiled fireplaces, all complemented by tasteful modern upgrades for today's lifestyle. This rare offering presents a compelling opportunity for both investors and owner-occupiers. For investors, the strong unit mix, desirable location, and historically high demand for Pasadena rentals make it an ideal portfolio addition. For owner-users, it offers the chance to live in a beautifully preserved piece of architectural history while benefiting from strong rental income from the additional units. Located just a short walk from The Shops on Lake Ave and The Commons, 775-781 E California Blvd offers residents easy access to Erewhon, Trader Joe's, boutique coffee shops, and fitness studios including Barry's and SoulCycle. The neighborhood also features a variety of professional services and acclaimed dining options, including farm-to-table cuisine at The Arbour and craft cocktails at Magnolia House. The property captures the best of Pasadena living with timeless appeal and strong investment potential.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 114,631 |
| Total Annual Expense: | $ 38,446 |
| Net Operating Income: | $ 79,970 |
| Gross Annual Income: | $ 118,416 |
| Cap Rate: | 3.44% |
| Gross Rent Multiplier: | 19.63 |
| Actual Gross Rent: | $ 118,416 |
| Actual Gross Income: | $ 118,416 |
| Actual Rent Total: | $ 118,416 |
Structure
| Amenities: | None |
| Type of Units: | 4-Plex |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Spanish |
| Sewer: | In Street |
| View Description: | None |
| Water: | District |
Land & Parking
| Zoning: | PSR1 |
| Parking Garage: | Assigned |
Interior
| Cooking Appliances: | Cooktop - Gas, Oven |
| AC/Cooling: | Wall Unit(s), Air Conditioning, Window Unit(s), Wall/Window, Ceiling Fan |
| Equipment: | Refrigerator, Washer, Dryer, Range/Oven, Ceiling Fan |
| Heating: | Central |
| Fireplace Rooms: | Living Room, Gas |
| Kitchen Features: | Tile Counters |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
| Patio Features: | Deck(s), Porch - Front |
Exterior
| Roof: | Clay, Flat |
Detailed Map
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Income
