Properties

South Pasadena, CA 91030 308 Pasadena

308 Pasadena South Pasadena, CA - Image 1308 Pasadena South Pasadena, CA - Image 2308 Pasadena South Pasadena, CA - Image 3
34 more
308 Pasadena South Pasadena, CA - Image 4308 Pasadena South Pasadena, CA - Image 5308 Pasadena South Pasadena, CA - Image 6308 Pasadena South Pasadena, CA - Image 7308 Pasadena South Pasadena, CA - Image 8308 Pasadena South Pasadena, CA - Image 9308 Pasadena South Pasadena, CA - Image 10308 Pasadena South Pasadena, CA - Image 11308 Pasadena South Pasadena, CA - Image 12308 Pasadena South Pasadena, CA - Image 13308 Pasadena South Pasadena, CA - Image 14308 Pasadena South Pasadena, CA - Image 15308 Pasadena South Pasadena, CA - Image 16308 Pasadena South Pasadena, CA - Image 17308 Pasadena South Pasadena, CA - Image 18308 Pasadena South Pasadena, CA - Image 19308 Pasadena South Pasadena, CA - Image 20308 Pasadena South Pasadena, CA - Image 21308 Pasadena South Pasadena, CA - Image 22308 Pasadena South Pasadena, CA - Image 23308 Pasadena South Pasadena, CA - Image 24308 Pasadena South Pasadena, CA - Image 25308 Pasadena South Pasadena, CA - Image 26308 Pasadena South Pasadena, CA - Image 27308 Pasadena South Pasadena, CA - Image 28308 Pasadena South Pasadena, CA - Image 29308 Pasadena South Pasadena, CA - Image 30308 Pasadena South Pasadena, CA - Image 31308 Pasadena South Pasadena, CA - Image 32308 Pasadena South Pasadena, CA - Image 33308 Pasadena South Pasadena, CA - Image 34308 Pasadena South Pasadena, CA - Image 35308 Pasadena South Pasadena, CA - Image 36308 Pasadena South Pasadena, CA - Image 37308 Pasadena South Pasadena, CA - Image 38
Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com
  • MLS# AR26054584
  • 03/12/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Baths • 1
  • SQFT • 9,990

Home Details

PRICE REDUCED for QUICK SALE! 20-unit Value-add in South Pasadena (NO LOCAL Rent Control), Walk to Arroyo Seco Golf Course and Mission Street Downtown District, Prime Large R3 Lot with ADU Potential, South Pasadena School District, Exceptional Demographics. A premier 20-unit value-add investment opportunity in the highly coveted city of South Pasadena. Renowned for its high barriers to entry and exceptionally limited multifamily inventory, South Pasadena offers investors a rare chance to acquire a substantial footprint in a top-tier Southern California submarket with No Local Rent Control (under CA AB1482). Strategically located a block from the Arroyo Seco Golf Course and within walking distance to the vibrant Mission Street Downtown District, the property provides tenants with unparalleled access to premium shopping, dining, and community amenities along Mission Street and Fair Oaks Avenue. The surrounding area boasts exceptional demographics, including an average household income exceeding $178,928 within a one-mile radius, and falls within the prestigious South Pasadena Unified School District. Built in 1953, this distinct Mid-Century Modern garden-style community features a well-manicured front lawn and strong curb appeal. The 9,990 SF building rests on an expansive 21,008 SF R3-zoned lot, presenting significant potential for future ADU development. It has a sparkling and fenced swimming pool, and offers a highly desirable unit mix consisting of two (2) 2-bedroom/1-bathroom unit and eighteen (18) 1-bedroom/1-bathroom units. Each unit has individual water heater. The fully upgraded units have new flooring throughout, new kitchen with new cabinets and quartz countertops, new bathroom with tiled wall, and so much more. Current ownership has successfully proven the value-add concept by fully upgrading 15 units with high-end finishes, including new flooring, modern kitchens and bathrooms, and dual-pane windows throughout. The remaining five classic units provide a clear and actionable path for the new owner to capture significant rental upside. The property is gated, separately metered for electricity and gas, and includes 20 on-site parking spaces in the rear, alongside a seller-owned community laundry facility.
Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com

Interior Features for 308 Pasadena

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Vinyl, Wood
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Quartz Counters
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 308 Pasadena

AccessibilityNone
Additional Parcels Description5313011005
Additional Parcels Y/NYes
AppliancesGas Range
Architectural StyleMid-Century Modern
Building Area UnitsSquare Feet
Cap Rate4.93
Carport Spaces19
Carport Y/NYes
CitySouth Pasadena
Community FeaturesSuburban, Valley, Pool
Construction MaterialsStucco
Contingencynone
CoolingWall/Window Unit(s)
CountyLos Angeles
Current FinancingConventional
DirectionsMission St becomes Pasadena Ave
ElectricStandard
Electric Expense
Entry Location1
Facing DirectionSoutheast
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income480912
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense11533
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet21008
Lot Size UnitsSquare Feet
MLS Area658 - So. Pasadena
MaintenanceExpense8200
Net Operating Income324163
New ConstructionNo
Number Of Units Total20
Number of Units Leased20
Open Parking Spaces1
Operating Expense147131
Pool FeaturesCommunity
PossessionClose Of Escrow
PostalCitySOUTH PASADENA
Property Attached Y/NYes
Property ConditionRepairs Cosmetic, Updated/Remodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount74774
Tax Lot32
Taxes$72,355
Tenant PaysElectricity, Gas
Total Actual Rent39676
Trash Expense6800
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
ViewHills
Virtual TourClick here
Water Sewer Expense30470
Year Built1953
Year Built SourceAssessor

Exterior for 308 Pasadena

Building Area Total9990
FencingWrought Iron
Foundation DetailsRaised
Lot Features31-35 Units/Acre, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level
Lot Size Acres0.4823
Lot Size Area21008
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters1
Parking FeaturesAssigned, Carport
Pool Charge1800
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking20
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $6,580,000
MLS#AR26054584
List Date 03/12/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 308 Pasadena

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.