San Gabriel Valley Real Estate Search

Pasadena Investment Properties

You don't have to treat a house only as a place to live.  It can also be used as an investment that will supplement your income.  The city of Pasadena offers a wide range of selections if you're interested in purchasing property as an investment.

Not all investment properties are the same, however. Financial pundits often advise buyers of investment properties - especially first-time buyers - to carefully determine what type of property fits their strategies. Not sure? Let our team help you to make that decision on what kind of unit - single family, condo, duplex, multi-unit, commercial - best reflects your situation and interests. In an unpredictable stock market, investment in real estate may offer a welcome alternative to volatile portfolios. Pasadena investment properties for sale.

Latest Investment Properties

$1,280,000
P1-28771 MLS ⋅ Active Status
A unique DUPLEX opportunity in the heart of Pasadena, 396 N Summit Avenue and 397 Townsend Place feature two beautifully updated residences on an expansive 11,000+ square-foot lot, offering flexibility for multi-generational living, an owner-user, or an investment opportunity.The front residence offers three bedrooms and two bathrooms, while the rear residence features two bedrooms and two bathrooms. Both homes have undergone extensive interior renovations, including updated kitchens, living spaces, bedrooms, bathrooms, and laundry areas, creating fresh, comfortable interiors ready for modern living. The property stretches between Summit Avenue and Townsend Place, giving each residence added separation and privacy, along with the potential to create dedicated outdoor spaces for each home. A detached two-car garage and generous lot further enhance the property's versatility. With two existing residences and substantial lot size, there may also be potential for additional units or future improvements, subject to City of Pasadena approval. Buyer to independently verify all development possibilities. Ideally located near Old Pasadena, the Rose Bowl, shopping, dining, and convenient freeway access, this is a rare opportunity offering space, flexibility, and income potential in a desirable Pasadena location.

396 N Summit Avenue, Pasadena
$1,250,000
WS26196900 MLS ⋅ Active Status
Charming Pasadena Duplex Near Pasadena City College, 43-45 S. Greenwood Ave. Pasadena, CA. Excellent opportunity to own a well-located duplex in the heart of Pasadena, conveniently situated near Pasadena City College, shopping, restaurants, stores, and everyday amenities. Set on a spacious 7,048 sq. ft. lot, this two-unit property offers a desirable combination of character, flexibility, and rental potential. The front unit, originally built in 1916, features a charming semi-Craftsman architectural style with 2 bedrooms and 1 bathroom, offering timeless character and classic appeal. The rear unit has been newly remodeled and features 2 bedrooms and 1 bathroom, with new flooring, a brand-new kitchen, and a large private yard. The rear unit provides a comfortable, updated living space with excellent outdoor potential. Both units offer their own 2-car detached garage, providing ample parking and storage. The property also features separate electrical and gas meters, with one shared water meter, making it a practical setup for multi-unit living or investment purposes. A great opportunity for an owner-user, extended household, or investor looking for a well-located duplex in Pasadena.

43 S Greenwood, Pasadena
$2,758,000
AR26196810 MLS ⋅ Active Status
Extremely Rare 7-unit on Master Net Lease Structure – MINIMUM Landlord Responsibility, Prime Location several blocks from CALTECH and PCC, HIGH 7.13% In-place CAP Rate, Major Systems Completely Upgraded, RM-48 Zone, Approved Plan for 1 ADU is included. 146-154 N Holliston Ave, an impeccably maintained 7-unit multifamily community located in the highly desirable central Pasadena market. Strategically situated just blocks from CALTECH and Pasadena City College, this property represents a premier passive income vehicle. The asset is securely master leased to The Gooden Center (a well-known healthcare operator – has been in the business for ±50-year in the area) under a Single Tenant Net Lease structure, shielding the owner from standard operational headaches. Because the tenant is responsible for insurance, all utilities and almost all maintenance (up to the first $3,000), landlord management responsibilities are kept to an absolute minimum. Coupled with an in-place CAP rate of 7.13%, this offering provides highly attractive positive leverage and outstanding yield for a Class-A location in the West San Gabriel Valley. The property is situated in a quiet residential area and offers a high Walk Score of 92 and Bike Score of 88. It is situated in a highly affluent area with an average household income of ±$141,687 within a 1-mile radius. It offers many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd. Built in 1922, the ±5,443 SF property rests on a spacious ±12,313 SF RM-48 zoned lot. It offers a highly desirable layout with 4 single story bungalows and a triplex in the back. It has walkway on its right side complete with community garden and covered seating and barbeque area. It offers excellent unit mix with one (1) x 2bed+1bath bungalow, three (3) x 1bed+1bath bungalows, two (2) x 2bed+1bath (back triplex), and one (1) x 1bed+1bath (back triplex). The sale comes with an approved plan for 1 ADU. The master tenant expertly utilizes the diverse layout—consisting of four single-story bungalows and a rear triplex—for offices, meeting spaces, and consultation rooms. The property has benefited from massive capital improvements, allowing a new investor to step into a stabilized, low-maintenance asset immediately. The front bungalow has central HVAC unit, and the other 3 bungalows have mini split HVAC. The back triplex has central HVAC.

146 N Holliston, Pasadena
$2,120,000
6 Beds ⋅ 5 Baths ⋅ 26976913 MLS ⋅ Active Status
Rare opportunity to acquire the subject property, a well-maintained 5-unit apartment community ideally located in the heart of Pasadena, one of the most established and consistently sought-after residential markets in the San Gabriel Valley. Built in 1950/1953 and coming to market for the first time in over 30 years, this offering represents a true generational ownership event a pride-of-ownership asset in a city defined by enduring demand and deep-rooted residential character.Situated on an expansive 13,725 square foot lot, the property totals 3,032 square feet of gross building area, averaging 606 square feet per unit across five separate buildings three of which contain residential units. The asset features a unit mix of four (4) one-bedroom, one-bath units and one (1) two-bedroom, one-bath house, a configuration that offers the privacy and feel of standalone living rarely found in traditional apartment product.In-place rents generate a scheduled monthly income of $11,013 and scheduled yearly income of $132,156, with garage income contributing an additional $5,640 annually supporting durable, diversified cash flow at the property.Pasadena's enduring appeal further strengthens the investment profile of the subject property. The asset is embedded within one of the most amenity-rich cities in Los Angeles County, with convenient access to the shops, dining, and cultural destinations of Old Pasadena, South Lake Avenue, and the Playhouse District, as well as the recreational amenities of Eaton Canyon, the Arroyo Seco, and the Rose Bowl. Proximity to the 210 and 134 freeways and the Metro A Line ensures easy connectivity to major employment hubs including Caltech, the Jet Propulsion Laboratory, and Huntington Health sustaining deep, consistent rental demand.With its prime Pasadena address, rare five-building configuration, strong in-place income, on-site garages, and first-time availability in over 30 years, the subject property represents a rare opportunity to acquire a generational, pride-of-ownership asset in one of the most enduring and supply-constrained submarkets in Los Angeles.

Pasadena
$1,799,000
GD26194429 MLS ⋅ Active Status
Exceptional investment opportunity at 343 W Howard St, a beautifully upgraded four-unit apartment building in a highly desirable Pasadena location. This well-maintained, single-story property offers approximately 3,408 SF on an 8,802 SF lot, featuring four spacious 2-bedroom, 1-bathroom units, each approximately 850 SF. All units have been fully renovated with new flooring, modern kitchens with shaker cabinets, quartz countertops and stainless-steel appliances, remodeled bathrooms, in-unit laundry, updated lighting, and individual water heaters. Recent exterior and infrastructure improvements include new paint, double-pane windows, copper plumbing, and a relined sewer line (buyer to verify). The property includes a detached five-space carport plus an additional parking space with potential rental income, and no soft-story retrofit is required. Prime location just less than one mile from Brookside Golf Course and approximately 1.3 miles from the Rose Bowl, with easy access to Old Town Pasadena, Lake Avenue, The Paseo, shopping, dining, entertainment, and major Pasadena attractions. Turnkey condition, desirable unit mix, excellent location, and strong rental potential make this an outstanding multifamily investment opportunity.

343 W Howard Street, Pasadena
$1,290,000
3 Beds ⋅ 3 Baths ⋅ 26970721 MLS ⋅ Active Status
Rare owner-user opportunity or turnkey investment in Pasadena. The detached front house lives like a private single-family home at approximately 1,300 sf, recently remodeled with newer stainless steel appliances, a flexible bonus room and second bath, in-unit laundry hookups, and two garage spaces. Set behind it are two separate 1BD/1BA units, one recently updated and one beautifully maintained, each with its own garage, plus a shared sparkling pool and gated driveway parking. Live in front and let the rear units help carry your payment, or acquire it as a fully leased, professionally managed income property with strong in-place rents from day one. Durable plank and tile flooring throughout, four garages total, and a rare pool set this apart in one of the region's most sought-after rental markets. All units currently occupied. Buyer to verify permits, square footage, and unit configuration with the City of Pasadena.

2270 White Street, Pasadena
$2,195,000
8 Beds ⋅ 6 Baths ⋅ 26942719 MLS ⋅ Active Status
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY

1124 Cordova Street, Pasadena
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.