$1,720,000
115 S Chester Avenue, Pasadena CA 91106
Multi-Family (5 Units)
Property type
57 days
On market
$527
Price per sqft
5 cars
Garage
1948
Year built
9,508 sqft
Lot size
Home highlights
Open Houses
Overview
This is a great opportunity to own a fantastic income property in the highly desirable area of Pasadena! This property is close to California Institution of Technology, Pasadena Community College and Old Town Pasadena. The front unit is a charming, single-family house style with many great features. It has 2 bedrooms and 1 bathroom; and all other 4 units consist of 1 bedroom...
Listing provided by: Sharon Liu DRE #01720175 626-538-0827, Re/Max Premier Prop Arcadia
Listing updated: Apr 18, 2026 at 06:42pm.
Last checked: Jun 4, 2026 at 08:31pm
Source: CRMLS #AR26073753
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $1,820 | $1,820 | $2,100 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,380 | $1,380 | $1,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,170 | $1,170 | $1,450 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,730 | $1,730 | $2,000 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,680 | $1,680 | $1,850 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Carpet: 5
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
21.0x
List Price / Annual Gross Rent
Cap Rate
2.88%
NOI / List Price
Gross Scheduled Income: $82,080
Operating Expense: $32,510
Net Operating Income: $49,570
Annual Operating Expenses
Gardener: $720
Insurance: $7,257
Licenses: $288
New Taxes: $20,375
Professional Management: $0
Trash: $2,590
Water / Sewer: $1,280
Interior
Flooring: Carpet, Tile
Heating: Wall Furnace
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: End Unit, No Common Walls
Lot Features: Front Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Garage and Parking
Parking: Assigned
Garage Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5735009048
Additional Parcels: No
Tax Lot: 11
Zoning: PSR4
Tax Block: 2
Community
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 115 S Chester Avenue, Pasadena, CA 91106. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,376,000
Total Interest
$1,755,012
Total Payment
$3,131,012
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,639
per month
Property History for 115 S Chester Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91106.
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