Properties

Pasadena, CA 91104 790 E Orange Grove Boulevard

790 E Orange Grove Boulevard Pasadena, CA - Image 1790 E Orange Grove Boulevard Pasadena, CA - Image 2790 E Orange Grove Boulevard Pasadena, CA - Image 3
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Presented By: Sarkis Aleksanian with COMPASS;
  • MLS# P124648
  • 10/21/2025
  • Get pre-approved
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  • Beds • 11
  • Baths • 10
  • SQFT • 5,500

Home Details

Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long-term value. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low-hassle, income-producing property with proven returns, your search ends here.
Presented By: Sarkis Aleksanian with COMPASS;

Interior Features for 790 E Orange Grove Boulevard

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesQuartzCounters
Total Stories2

Other Rooms

General for 790 E Orange Grove Boulevard

Additional Parcels Y/NNo
AppliancesElectricRange, GasRange, Microwave, Refrigerator, TanklessWaterHeater
Attached Garage No
Cap Rate4.96
Carport Y/NNo
CityPasadena
Community FeaturesBiking, Foothills, StreetLights, Suburban, Sidewalks
Construction MaterialsFrame, Stucco, CopperPlumbing
CoolingCentralAir, Electric
CountyLos Angeles
DirectionsUse your favorate navigation app
DisclosuresRentControl
Entry LocationYES
Exclusionstenant owned appliances
Expected Active Date 2025-10-22
Facing DirectionNorth
Garage Spaces0.0
Garage Y/NNo
Gross Income201450.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCash, CashToNewLoan
Lot Size Square Feet9533.0
Lot Size UnitsSquareFeet
MLS Area646 - Pasadena (NE)
MobileHomeRemainsYNNo
Net Operating Income201450.0
New ConstructionYes
Number Of Units Total8
Number of Units Leased8
Open Parking Spaces8.0
Operating Expense64950.0
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityPASADENA
Property Attached Y/NYes
Property ConditionAdditionsAlterations, UpdatedRemodeled, RepairsMajor
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt, Flat
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameNot Applicable
Tax Lot13
Taxes$48,750
Tenant PaysElectricity, Gas
Total Actual Rent22200.0
Trash Expense900.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
ViewNone
Water Sewer Expense2400.0
Year Built1923
Year Built SourceAssessor

Exterior for 790 E Orange Grove Boulevard

Building Area Total5500.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsAll seller owned appliances
Irrigation Water Rights Y/NNo
Lot FeaturesSprinklersNone
Lot Size Acres0.2188
Lot Size Area9533.0
Lot Size SourcePublicRecords
Number of Buildings4
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Parking FeaturesAssigned, Concrete, OnSite, Paved, Private, OneSpace
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Connect Realty

Price $3,900,000
MLS#P124648
List Date 10/21/2025
Property Type Multi-Family
Phone 888.795.6274
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