87 El Nido Avenue, Pasadena, CA 91107
- $1,951,000
- 6
- BD
- 6
- BA
- 2,816
- SqFt
- Sold Price
- $1,951,000
- List Price
- $2,200,000
- Closing Date
- Apr 20, 2026
- Status
- CLOSED
- MLS#
- 26640169
- Year Built
- 1941
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 2,816
- Lot Size
- 10,974
- Acres
- 0.25
- Days on Market
- 57
- Property Type
- Multifamily
- Stories
- One Level
Property Description
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.
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: John Boyett (John.Boyett@cbre.com) from Listing Office: CBRE.
Listing sold by John Boyett from CBRE
Mortgage Calculator
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.