932 Arroyo Dr - Apartments FOR SALE


South Pasadena, CA 91030
$1,625,000 USD
626-331-1234
932 Arroyo Dr, South Pasadena, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/4
null | 3.9% Cap Rate

932 Arroyo Dr
South Pasadena, CA 91030


HIGHLIGHTS

  • Convenient on-site amenities
  • Located near Mission Street’s dining and retail hub

OVERVIEW

Located in one of the most desirable pockets of South Pasadena, 932 Arroyo Drive presents a rare opportunity to acquire a well-maintained 5-unit multifamily property in a premier rental market. The property features an attractive unit mix consisting of one 2- bedroom unit and four 1-bedroom units, appealing to a broad tenant base seeking the charm, convenience, and strong community feel that South Pasadena is known for. Ownership has completed several recent capital improvements, including repainted driveways and walkways, newly paved parking lot, rebuilt rear deck, new awnings, new cable railing, new rain gutters, and a new spray foam flat roof installed in 2026. Unit #1 has been tastefully remodeled with a new kitchen, updated flooring, and fresh interior paint. The spacious 2-bedroom unit features central HVAC, while all four 1-bedroom units are equipped with wall A/C units. The property also offers a community coin- operated laundry facility for additional tenant convenience and supplemental income potential. Positioned along the scenic Arroyo corridor, the property benefits from its close proximity to parks, hiking trails, golf courses, and recreational amenities, while also being just minutes from Mission Street's popular dining, shopping, and café scene. Residents enjoy convenient access to Downtown Los Angeles, Pasadena, and major transportation corridors, making this an ideal location for commuters and long-term renters alike. South Pasadena's highly regarded schools, tree-lined streets, and strong rental demand continue to make the city one of the San Gabriel Valley's most sought-after multifamily investment markets.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

5

PRICE/UNIT

$325,000

CAP RATE

3.9%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,875 SF

ZONING

R31, South Pasadena

APN/PARCEL ID

5313-010-059

ASK ABOUT THIS PROPERTY

Jag SinghKW COMMERCIALMore Info
626-331-1234

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Jag SinghKW COMMERCIALMore Info
626-331-1234

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