$6,280,000
-$300,000308 Pasadena, South Pasadena CA 91030
Multi-Family (20 Units)
Property type
85 days
On market
$629
Price per sqft
0 cars
Garage
1953
Year built
21,008 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Handoko Chen DRE #01749321, Growth Investment Group Pasade
Listing updated: Jun 3, 2026 at 01:22am.
Last checked: Jun 3, 2026 at 02:00am
Source: CRMLS #AR26054584
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 1 | — | $2,470 | $4,940 | $5,400 | Unfurnished |
| 18 | 1 | 1 | — | $1,930 | $34,736 | $41,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 20
Separate Electric Meters: 21
Separate Gas Meters: 21
Separate Water Meters: 1
Ranges: 20
Rent Control: No
Units Leased: 20
Total Actual Rent: $39,676
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.1x
List Price / Annual Gross Rent
Cap Rate
5.21%
NOI / List Price
Gross Scheduled Income: $480,912
Vacancy Allowance: $9,618
Operating Expense: $143,832
Net Operating Income: $327,462
Annual Operating Expenses
Electric: $0
Gardener: $2,800
Fuel: $0
Insurance: $11,533
Maintenance: $8,200
New Taxes: $69,056
Pool: $1,800
Professional Management: $0
Trash: $6,800
Water / Sewer: $30,470
Interior
Interior Features: Ceiling Fans, Quartz Counters
Flooring: Laminate, Vinyl, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Gas Range
Fireplace: None
Laundry: Common Area
Accessibility: None
Entry Location: 1
Exterior
Architectural Style: Mid Century Modern
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat
Foundation: Raised
Construction Materials: Stucco
Property Condition: Repairs Cosmetic, Updated Remodeled
Common Walls: Two Common Walls Or More
Direction Faces: Southeast
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Thirty One To Thirty Five Units Acre, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level
Pool: Community
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View: Hills
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Carport
Garage Spaces: 0
Uncovered Spaces: 1
Carport Spaces: 19
Parking Total: 20
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5313011004
Additional Parcels: Yes
Tax Lot: 32
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban, Valley, Pool
Nearby Schools
Nearby schools around the 308 Pasadena, South Pasadena, CA 91030. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,024,000
Total Interest
$6,407,835
Total Payment
$11,431,835
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$38,447
per month
Property History for 308 Pasadena
South Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91030.
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