87 El Nido Avenue, Pasadena, CA 91107

Pasadena
Local realty services provided by:ERA Excel Realty
87 El Nido Avenue,Pasadena, CA 91107
$2,200,000
  • 6 Beds
  • 6 Baths
  • 2,816 sq. ft.
  • Multi-family
  • Active
Listed by: john boyett
Office: cbre
MLS#:26640169
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$781.25

About this home

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.

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Home facts

  • Year built:1941
  • Listing ID #:26640169
  • Added:67 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:2,816 sq. ft.

Structure and exterior

  • Year built:1941
  • Building area:2,816 sq. ft.
  • Lot area:0.25 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$781.25
Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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