482 S El Molino Avenue, Pasadena, CA 91101
- $2,965,000
- 12
- BD
- 10
- BA
- 8,162
- SqFt
- Sold Price
- $2,965,000
- List Price
- $3,100,000
- Closing Date
- Oct 01, 2025
- Status
- CLOSED
- MLS#
- 25560529
- Year Built
- 1962
- Bedrooms
- 12
- Bathrooms
- 10
- Living Sq. Ft
- 8,162
- Lot Size
- 14,617
- Acres
- 0.34
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
First time on the market in over 50 years, it is with great pleasure to present this 8-unit multifamily property in one of the best areas of Pasadena. This investment offers a stable return and appreciation fueled by this high rental demand location at just a 10-minute walk to Erewhon, Trader Joe's and the prime corridor of South Lake Ave. With a large building size of 8,162 SF the subject property offers spacious units featuring a strong unit mix of: TWO 2 Bed + 2 bath units, TWO 2 Bed + 1 bath units and FOUR 1 Bed + 1 bath units. The garden style layout offers charm and privacy with most units having patios or balconies. The two-bedroom units feature central HVAC systems and all units have individual water heaters and separately metered for gas and electricity. Major capital improvements include a full roof replacement in 2022, the plumbing has been updated and granite counters with built-in stoves and ovens. Situated on a large 14,617 SF lot, there are 8 covered parking spaces with 3 more uncovered spaces along with storage sheds that can provide some additional rental income. A community laundry room currently has two, landlord owned, coin operated machines and can accommodate two additional machines to increase laundry operations. All balconies have been inspected per state ordinances. Units are subject to Pasadena local rent control laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.
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Additional Information
- Appliances
- Built-In
- Pool Description
- None
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Alexander Metaxas (ametaxas@riacre.com) from Listing Office: Realty Investment Advisors, Inc..
Listing sold by Jenny Lin from Berkshire Hathaway Home Servic
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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.