1124 Cordova Street,Pasadena, CA 91106
Pasadena, CA 91106
Description
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY
Details
| MLS # | 26942719 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 56 |
| Listing Provided By | Realty Investment Advisors, Inc. | Alexander Metaxas |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,407 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 3 |
| Zoning | PSR4 |
| Acreage | 0.19 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Microwave |
Parking
| Parking Features | Concrete, Uncovered |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91106) | |
Price: $2,195,000 low | high Med: $729,000 sqft: 4,407 low | high Med: 1,220 $ / sqft: $498 low | high Med: $598 On site: 56 low | high Med: 109 | |
Market Activity 91106
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91106) | |
Price: $2,195,000 low | high Med: $729,000 sqft: 4,407 low | high Med: 1,220 $ / sqft: $498 low | high Med: $598 On site: 56 low | high Med: 109 | |
