301-303 N Hudson Ave - Apartments FOR SALE


Pasadena, CA 91101- Playhouse Village
$2,185,000 USD
310-941-5899
301-303 N Hudson Ave, Pasadena, CA for Sale
$2,185,000 USD
Apartments - FOR SALE
1/16
null | 5.49% Cap Rate

301-303 N Hudson Ave
Pasadena, CA 91101
Playhouse Village


HIGHLIGHTS

  • Excellent Pasadena Location
  • Great Unit Mix
  • All of the Units have been upgraded with modern finishes and include in unit washer/dryer
  • Owner has put over $500,000 into Capital Improvements
  • Laundry Room
  • Seismic Retrofit Has Been Completed

OVERVIEW

301–303 North Hudson Avenue represents a rare opportunity to acquire a well-located multifamily asset in one of Los Angeles County’s most desirable and supply-constrained rental markets. Situated in a strong Pasadena neighborhood, the property offers investors durable cash flow, stable tenancy, and long-term appreciation potential supported by exceptional market fundamentals. The property consists of six (6) residential units with a desirable and diversified unit mix, appealing to a broad tenant base: ? 1 Studio (Non-Conforming) ? 1 Studio + Loft ? 3 One-Bedroom / One-Bathroom Units ? 1 Two-Bedroom / One-Bathroom Unit Located just minutes from Old Town Pasadena, the property benefits from immediate proximity to one of the region’s most vibrant employment, retail, and lifestyle hubs. Tenants enjoy access to high-end dining, boutique shopping, entertainment venues, and cultural attractions, all of which drive consistent rental demand and support above-average rent growth. The surrounding area is characterized by tree-lined residential streets, historic charm, and limited new multifamily development, creating a high barrier to entry for competing supply. Pasadena’s strong demographics, affluent renter base, and landlord-friendly rental dynamics further enhance the investment profile. The property is strategically positioned near major employment anchors including Caltech, Pasadena City College, Huntington Hospital, and the Jet Propulsion Laboratory (JPL), which provide a stable and diverse tenant pool. Convenient access to the 210 and 134 freeways, as well as nearby Metro transit options, ensures strong regional connectivity throughout Greater Los Angeles. 301–303 N Hudson Ave offers investors a compelling combination of location-driven demand, attractive unit mix, and long-term upside in a proven Pasadena submarket with a history of strong rent performance and asset appreciation.

FOR SALE DETAILS

PRICE

$2,185,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

6

PRICE/UNIT

$364,167

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CD-RM-87

APN/PARCEL ID

5723-008-025

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.