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We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Property Type(s):
Residential Income
| Last Updated | 1/19/2026 | Year Built | 1941 |
|---|---|---|---|
| Community | 648 - Pasadena (SE) | County | Los Angeles |
Additional Details
| AREA | 648 - Pasadena (SE) |
|---|---|
| LOT | 0.2519 acre(s) |
| LOT DIMENSIONS | 10974 |
| STORIES | 1 |
Location
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Listed with CBRE
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