415 S El Molino Pasadena, CA $ 4,290,000
415 S El Molino
$ 4,290,000
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415 S El Molino

Pasadena, CA, 91101
$ 4,290,000
Baths1.0 Sq 12

Monthly Estimate*

$ 27,088

Listed by IRN REALTY
415 S El Molino, Pasadena, CA 91101 - Image 1
415 S El Molino, Pasadena, CA 91101 - Image 2
415 S El Molino, Pasadena, CA 91101 - Image 3
415 S El Molino, Pasadena, CA 91101 - Image 4
415 S El Molino, Pasadena, CA 91101 - Image 5
415 S El Molino, Pasadena, CA 91101 - Image 6
Studio

Multi-Family Home for sale in Pasadena, CA

for $4,290,000 with 1 full bath. This 12 square foot home was built in 1955 on a lot size of 0.4594.

Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density / expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside , significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that .Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density and expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside, significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that is ripe for Capex modernization ( complete tear-off / installation of a new roofing system. Full exterior repainting . Replacing of all the aging water heaters. A interior renovation across 7 units .This charming 3 -building complex features A 1924 timeless charm structure (1924sqt 2BD/1BA and 1BD/1BA) accompanied by two additional buildings / built in 1955 (8407 sqt 3 x 2BD/1BA and 7x 1BD/1BA). This staggered construction creates a property / unique character / diverse unit layouts. Ground -floor layouts expand the living space outdoors with expansive , fully enclosed private yards to give residents dedicated open air extensions of their homes. 3 units (upstairs) shared open -air common breezeway .

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Multi-Family Active

Price

$ 4,290,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.4594

Year Built

1955

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

WS26158276

Days on Market

4

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1955
Tenant Pays Cable TV Electricity Gas
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 258328
Community Features Sidewalks
County Los Angeles
Net Operating Income 227276
Operating Expense 31052
Insurance Expense 14130
New Construction false
Property Type Residential Income
Contingency Seller broker and broker agent do not represent or guarantee accuracy of the square footage bed/bath count lot size or lot dimensions permitted or unpermitted spaces or other info. concerning the conditions or features of this property. Buyer is advised to independently verify the accuracy of all information including any local rent control measures. Property will NOT be delivered vacant.
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions California Bl. / Colorado Bl
City Pasadena
Entry Location first floor
Senior Community Y/N false
Number Of Units Total 12
MLS Area 648 - Pasadena (SE)
Lot Size Units Square Feet
Lot Size Square Feet 20013
Carport Spaces 15
Carport Y/N true
Listing Terms Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 568
Fuel Expense 0
Trash Expense 7800
Water Sewer Expense 3102
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Property Sub Type Additional Apartment
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Laundry Room
Entry Level 1
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Exterior
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 15
Lot Size Area 20013
Number of Buildings 3
Building Area Total 12
Lot Size Acres 0.4594
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
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* Excluded Features
List By
Irn Realty

Broker

shirleylam138@gmail.com

Email

Affordability Calculator

$27,088
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Monthly Principal & Interest
$27,088
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Default based on a 30-year fixed rate of 6.49% 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
7/27/2026$4,290,000 Listed Price

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415 S El Molino, Pasadena, CA, 91101 is a Multi-Family Home for sale at $4,290,000 with 12 sqft and a lot size of 0.4594. 415 S El Molino is a studio with 1.0 baths and was built in 1955. The property's zip code is 91101 which is in Pasadena, CA