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This charming 8-unit multifamily property, located at 49 S. Grand Oaks Ave in Pasadena, presents an exceptional investment opportunity with significant rental upside potential. Nestled in a highly desirable neighborhood, this well-maintained building is within walking distance to vibrant Old Town Pasadena, offering easy access to shops, restaurants, parks, and public transit. Property was recently painted and new windows installed throughout! The property features a mix of spacious one and studio units, each offering a comfortable living space with classic architectural details, including hardwood floors, large windows, and ample natural light. With its prime location and strong demand for rental housing in Pasadena, the property offers a great opportunity for rent increases and the potential for future value appreciation. Current rents are below market, offering immediate upside for a savvy investor to maximize cash flow. Whether you're a seasoned investor or a newcomer to multifamily properties, this building represents an excellent chance to acquire a well-positioned asset with great long-term growth potential. Don't miss out on this rare opportunity to own a piece of Pasadena real estate with strong investment prospects!
Property Type(s):
Residential Income
| Last Updated | 8/26/2025 | Year Built | 1953 |
|---|---|---|---|
| Community | 645 - Pasadena (NW) | County | Los Angeles |
Additional Details
| AREA | 645 - Pasadena (NW) |
|---|---|
| LOT | 8494 sq ft |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with TRUMARK Real Estate Management
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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