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(323) 864-4211
Linda Roth Burrell
87 El Nido Ave, Pasadena, CA 91107
- $1,951,000
- 6
- BD
- 6
- BA
- 2,816
- SqFt
- Sold Price
- $1,951,000
- List Price
- $2,200,000
- Closing Date
- Apr 20, 2026
- MLS#
- 26640169
- Year Built
- 1941
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 2,816
- Lot Size
- 10,974
- Days on Market
- 71
- Property Type
- Multifamily
Property Description
We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Additional Information
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Other
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Courtesy of CBRE, John Boyett - CA DRE#02056759 Selling Office: .
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