622 Prospect, South Pasadena, CA 91030
Local realty services provided by:ERA North Orange County Real Estate
622 Prospect,South Pasadena, CA 91030
$2,688,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: fred ashkar
Office: re/max premier properties
MLS#:AR26143552
Source:MLSListings
Price summary
- Price:$2,688,000
About this home
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 inv...
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Home facts
- Year built:1907
- Listing ID #:AR26143552
- Added:89 day(s) ago
- Updated:September 28, 2026 at 04:40 PM
Heating and cooling
- Heating:Central Forced Air
Structure and exterior
- Roof:Composition
- Year built:1907
- Lot area:0.23 Acres
- Lot Features:Mid Block
- Architectural Style:Craftsman
- Foundation Description:Raised
Utilities
- Water:District - Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$2,688,000
Features and amenities
- Laundry features:Community Facility
- Amenities:Double Pane Window(s)
Parking
- Parking description:5 Cars Carport, Carport(s)
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