$2,980,000
2064 Meridian, South Pasadena CA 91030
Multi-Family (7 Units)
Property type
25 days
On market
$535
Price per sqft
1 car
Garage
1964
Year built
8,608 sqft
Lot size
Open Houses
Overview
Presenting this amazing and rare opportunity to own this well maintained 7 unit building in the outstanding and award winning school district of South Pasadena and consistently strong rental demand. 6 units are 2 bedrooms one bath, and one unit is a one bedroom one bath. 8 carports plus one car garage. Located moments from Mission Street, the Gold Line, cafes, markets...
Listing provided by: Pierre Khabbaz DRE #01889199 323-855-5001, Partners Plus Realty Inc.
Listing updated: May 19, 2026 at 06:23am.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #AR26101933
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,890 | $22,680 | $2,000 | Unfurnished |
| 1 | 2 | 1 | — | $2,015 | $24,180 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,120 | $25,440 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $1,830 | $21,960 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,115 | $25,380 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,115 | $25,380 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,140 | $25,680 | $2,300 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: No
Units Leased: 7
Total Actual Rent: $170,700
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
17.1x
List Price / Annual Gross Rent
Cap Rate
3.31%
NOI / List Price
Gross Scheduled Income: $173,784
Operating Expense: $74,914
Net Operating Income: $98,870
Annual Operating Expenses
Electric: $4,524
Gardener: $1,080
Fuel: $0
Insurance: $6,460
New Taxes: $41,815
Professional Management: $8,535
Trash: $6,000
Water / Sewer: $6,500
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Level
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 1
Carport Spaces: 8
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5319038012
Additional Parcels: No
Tax Lot: 11
Tax Block: H
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 2064 Meridian, South Pasadena, CA 91030. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,384,000
Total Interest
$3,040,661
Total Payment
$5,424,661
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,323
per month
Property History for 2064 Meridian
South Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91030.
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