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Janine Marie Gregory

janinemariesellshomes@gmail.com +1(626) 423-2408

$ 2,798,000

Est. payment -/mo

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622 Prospect South Pasadena, CA 91030

10,001 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26143552

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1907

Lot Size 10,001 Sqft

Lot Dimensions Assessor

Property Sub-Type Quadruplex

Property Description

Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building — a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental commanding top-of-market rents. The rear building adds three income-producing units — two 2BR/2BA and one 1BR/1BA — each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market — a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike — don't miss this exceptional South Pasadena offering.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning R3

Interior

Heating Forced Air

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 5

Fence Wood

Pool None

Community Features Gutter(s), Sidewalks

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Story 2

Entry Level Two

Foundation Raised

Sewer Sewer Tap Paid

Water Public

Architectural Style Craftsman

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5315016006

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Fred Ashkar Re/Max Premier Prop Arcadia 818-681-4975, DRE #00925837

Janine Marie Gregory

Agent | License ID: 02254075

+1(626) 423-2408

Janine Marie Gregory

622 Prospect South Pasadena, CA 91030

Key Details

Location

Interior

Exterior

Building

Others

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622 Prospect