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
Bedrooms6 Baths6.0 Sq 2,816

Monthly Estimate*

$ 13,546

Listed by CBRE
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Multi-Family Home for sale in Pasadena, CA

for $2,200,000 with 6 bedrooms and 6 full baths. This 2,816 square foot home was built in 1941 on a lot size of 0.2519.

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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Multi-Family Active

Price

$ 2,200,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2519

Year Built

1941

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

26640169

Days on Market

2

Features
General
Living Area 2816
Zoning PSR3
Year Built 1941
Stories Count 1
Levels One
Gross Income 144434
County Los Angeles
Net Operating Income 92623
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions On El Nido Ave
City Pasadena
Senior Community Y/N false
Number Of Units Total 6
MLS Area 648 - Pasadena (SE)
Lot Size Units Square Feet
Lot Size Square Feet 10974
Standard Status Active
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Interior
Total Stories 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 6
Total Baths 6
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Exterior
Total Parking 0
Lot Size Area 10974
Number of Buildings 5
Building Area Total 2816
Lot Size Acres 0.2519
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* Excluded Features
List By
Cbre

Broker

John.Boyett@cbre.com

Email

Affordability Calculator

$13,546
Per Month
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Monthly Principal & Interest
$13,546
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 0.2519. 87 El Nido Avenue has 6 bedrooms, 6.0 baths, and was built in 1941. The property's zip code is 91107 which is in Pasadena, CA