646 Orange Grove Ave - Apartments FOR SALE


South Pasadena, CA 91030
$3,800,000 USD
626-344-1956
646 Orange Grove Ave, South Pasadena, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/38
null | 3.8% Cap Rate

646 Orange Grove Ave
South Pasadena, CA 91030


HIGHLIGHTS

  • Two Separate Structures on One Lot
  • Located in Top-Rated School District
  • Prime South Pasadena Location
  • Strong Income Potential with Value-Add Upside
  • Ample Parking and Private Outdoor Space
  • Stable Asset in a Supply-Constrained Market

OVERVIEW

Rare Income-Producing Multi-Unit Property in Prime South Pasadena Location! An exceptional investment opportunity in the heart of South Pasadena, this income-generating property features two separate structures on a single lot, offering both versatility and long-term growth potential. Situated on the quiet and tree-lined Orange Grove Avenue, this rare asset combines charm, location, and functionality — perfect for both seasoned investors and 1031 exchange buyers. The front structure at 646 Orange Grove Avenue is a well-maintained six-unit apartment building, featuring a mix of generously sized floor plans that attract long-term tenants. Each unit is thoughtfully laid out, with bright interiors and classic character. The building offers a reliable stream of income with upside potential through rental increases or cosmetic updates. Tucked privately at the rear of the property is 648 Orange Grove Avenue, a detached, gated 2-bedroom, 1-bathroom single-family home. With its own dedicated yard, private entrance, and separation from the apartment complex, this unit provides added rental flexibility — ideal for a high-paying tenant or owner-user. Additional features include ample on-site parking, a highly convenient location, and proximity to top-rated South Pasadena schools, which consistently rank among the best in California. Tenants enjoy easy access to local shops, cafes, restaurants, Metro Gold Line, and major freeways — making commuting to Downtown LA, Pasadena, or surrounding areas convenient and efficient. This is a truly rare offering in a supply-constrained, high-demand rental market. Whether you’re looking to expand your portfolio, house-hack, or secure an asset with future development potential, this property checks all the boxes. Buyer to independently verify all information, including but not limited to square footage, unit count, zoning, income/expenses, and permit history. Neither seller nor listing agent guarantees accuracy of information.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$601 USD /SF

# OF UNITS

7

PRICE/UNIT

$542,857

CAP RATE

3.8%

% 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

1923

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

SPR310000*

APN/PARCEL ID

5315-016-024

ASK ABOUT THIS PROPERTY

Matthew PetersKW CommercialMore Info
626-344-1956

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Matthew PetersKW CommercialMore Info
626-344-1956

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