790 E Orange Grove Boulevard Pasadena, CA $ 3,900,000
790 E Orange Grove Boulevard
$ 3,900,000
Recently Listed New Construction
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790 E Orange Grove Boulevard

Pasadena, CA, 91104
$ 3,900,000
Baths1.0 Sq 5,500

Monthly Estimate*

$ 24,013

Listed by COMPASS
790 E Orange Grove Boulevard, Pasadena, CA 91104 - Image 1
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790 E Orange Grove Boulevard, Pasadena, CA 91104 - Image 17
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Studio

Multi-Family Home for sale in Pasadena, CA

for $3,900,000 with 1 full bath. This 5,500 square foot home was built in 1923 on a lot size of 0.2188.

Secure a high-performance, low-management investment with this extensively renovated 8-unit property located at 790 E. Orange Grove Blvd. in beautiful Pasadena, CA. This asset offers the ideal combination of stable, immediate cash flow and mitigated future expenditure risks. The property features five units fully renovated to the studs and three new construction ADUs, ensuring minimal maintenance needs for years to come. Updates include new roofs, full replacement of plumbing and electrical systems, new windows, doors, flooring, and modern kitchens/baths throughout. All units are equipped with central HVAC, new appliances, and all but one unit include private in-unit laundry, driving high tenant demand and retention. New construction units are equipped with solar panels contribute to efficiency and lower operating costs. The property is 100% occupied at market-rate rents, featuring a highly desirable mix of two 2 bedroom and 2 bathroom units, two 2 bedroom 1 bathroom units, three 1 bedroom 1 bathroom units and one studio. Tenants are responsible for all utilities except water and trash. This opportunity delivers the advantages of a new build investment asset with zero vacancy loss from day one. For a low-hassle, income-producing property with proven returns, your search ends here.

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Multi-Family Active

Price

$ 3,900,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2188

Year Built

1923

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

P125781

Days on Market

30

Features
General
Sewer Public Sewer
Cooling Central Air Electric
Utilities Electricity Connected Natural Gas Connected Sewer Connected
Possession Close Of Escrow
Roof Asphalt Flat
Appliances Electric Range Gas Range Microwave Refrigerator Tankless Water Heater
Zoning PSR1
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Frame Stucco Copper Plumbing
Exclusions tenant owned appliances
Year Built 1923
Tenant Pays Electricity Gas
View None
Stories Count 1
Levels One Two
Property Subtype Mixed Use
Gross Income 201450
Community Features Biking Foothills Street Lights Suburban Sidewalks
County Los Angeles
Net Operating Income 201450
Operating Expense 64950
Insurance Expense 12000
New Construction true
Property Type Residential Income
Subdivision Name Other
Facing Direction North
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Use your favorate navigation app
City Pasadena
Disclosures Rent Control
Entry Location YES
Senior Community Y/N false
Open Parking Spaces 8
Number Of Units Total 8
MLS Area 646 - Pasadena (NE)
Lot Size Units Square Feet
Lot Size Square Feet 9533
Number of Units Leased 8
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Additions/Alterations Updated/Remodeled Repairs Major
Trash Expense 900
Water Sewer Expense 2400
Additional Parcels Y/N false
Rent Control Y/N true
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 22200
Property Sub Type Additional Mixed Use
Taxes 48750
Cap Rate 4.96
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Interior
Interior Amenities Quartz Counters
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Total Baths 0
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Exterior
Parking Features Assigned Concrete On Site Paved Private One Space
Lot Features Sprinklers None
Water Source Public
Total Parking 8
Inclusions All seller owned appliances
Lot Size Area 9533
Number of Buildings 4
Spa false
Building Area Total 5500
Lot Size Acres 0.2188
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
Road Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

sarkis@compass.com

Email

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$24,013
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$24,013
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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
2/10/2026$3,900,000 Listed Price

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790 E Orange Grove Boulevard, Pasadena, CA, 91104 is a Multi-Family Home for sale at $3,900,000 with 5,500 sqft and a lot size of 0.2188. 790 E Orange Grove Boulevard is a studio with 1.0 baths and was built in 1923. The property's zip code is 91104 which is in Pasadena, CA