87 El Nido Avenue Pasadena, CA ^$ 2,200,000

87 El Nido Avenue

^$ 2,200,000

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87 El Nido Avenue

Pasadena, CA, 91107

^$ 2,200,000

Studio Baths0.0 Sq 2,816

Monthly Estimate*

^$ 13,546

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Studio

Multi-Family Home for sale in Pasadena, CA

for $2,200,000. This 2,816 square foot home was built in 1941 on a lot size of 0.25.

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.

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.25

Year Built

1941

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

0026640169

Features

General

Living Area 2816.0

Zoning PSR3

Year Built 1941

Levels One

County Los Angeles

Net Operating Income 92623.0

New Construction No

Property Type C

HOA No

Status Active

City Pasadena

Senior Community Y/N No

MLS Area 648 - Pasadena SE

Lot Size Units Square Feet

Lot Size Square Feet 10974.0

Standard Status Active

Exterior

Lot Size Area 10974.0

Pool Y/N? Yes

Building Area Total 2816.0

Lot Size Acres 0.25

Land Lease Type Fee

Interior

Total Stories 0

Total Baths 0

* Excluded Features

List By

John Boyett

Listing Agent

Cbre

Broker

Affordability Calculator

$13,546

Per Month

Monthly Principal & Interest: $13,546
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Pasadena, CA

Average List Price ^$2,427,179

Percent of Sale Price 10%

About Pasadena, CA

141,450 Population

6% Since 2002

^$77,514 Median Income

39.52 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/19/2026	$2,200,000		Listed Price

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87 El Nido Avenue, Pasadena, CA, 91107 is a Multi-Family Home for sale at $2,200,000 with 2,816 sqft and a lot size of 0.25. 87 El Nido Avenue is a studio with 0.0 baths and was built in 1941. The property's zip code is 91107 which is in Pasadena, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 1/19/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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87 El Nido Avenue

Multi-Family Home for sale in Pasadena, CA

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