775 E California Blvd - Multi-Family FOR SALE


Pasadena, CA 91106- Playhouse Village
$2,325,000 USD
310-387-7087
775 E California Blvd, Pasadena, CA for Sale
$2,325,000 USD
Multi-Family - FOR SALE
1/22
null | 3.44% Cap Rate

775 E California Blvd
Pasadena, CA 91106
Playhouse Village


HIGHLIGHTS

  • The property captures the best of Pasadena living with timeless appeal and strong investment potential.
  • 1920s Spanish-style four-plex that seamlessly blends timeless character with modern conveniences.
  • Each of the four spacious units offers 2 bedrooms and 1 bathroom, with approximately 1,159 square feet of thoughtfully designed living space.
  • For investors, the strong unit mix, desirable location, and historically high demand for Pasadena rentals make it an ideal portfolio addition.
  • For owner-users, it offers the chance to live in a beautifully preserved piece of architectural history while benefiting from strong rental income.

OVERVIEW

Nestled in the heart of Pasadena, 775-781 E California Blvd is a beautifully maintained 1920s Spanish-style four-plex that seamlessly blends timeless character with modern conveniences. Each of the four spacious units offers 2 bedrooms and 1 bathroom, with approximately 1,159 square feet of thoughtfully designed living space. Rich in original detail, the property showcases charming period features such as hardwood floors, decorative moldings, classic tile work, and beautifully tiled fireplaces, all complemented by tasteful modern upgrades for today's lifestyle. This rare offering presents a compelling opportunity for both investors and owner-occupiers. For investors, the strong unit mix, desirable location, and historically high demand for Pasadena rentals make it an ideal portfolio addition. For owner-users, it offers the chance to live in a beautifully preserved piece of architectural history while benefiting from strong rental income from the additional units. Located just a short walk from The Shops on Lake Ave and The Commons, 775-781 E California Blvd offers residents easy access to Erewhon, Trader Joe's, boutique coffee shops, and fitness studios including Barry's and SoulCycle. The neighborhood also features a variety of professional services and acclaimed dining options, including farm-to-table cuisine at The Arbour and craft cocktails at Magnolia House. The property captures the best of Pasadena living with timeless appeal and strong investment potential.

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

4

PRICE/UNIT

$581,250

CAP RATE

3.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

775-781 E California Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,957 SF

ZONING

PSR1

APN/PARCEL ID

5734-029-005

ASK ABOUT THIS PROPERTY

Allen RothSotheby's International Realty LLCMore Info
310-387-7087

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Allen RothSotheby's International Realty LLCMore Info
310-387-7087

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