790 E Orange Grove Boulevard, Pasadena, CA 91104
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
790 E Orange Grove Boulevard,Pasadena, CA 91104
$3,900,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:sarkis aleksanian
Office:compass
MLS#:P1-24648
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,900,000
About this home
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. The three new ADUs may qualify for an exemption from the Pasadena Rent Stabilization Ordinance (Measure H), offering a strategic advantage and enhanced long-term value. 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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Home facts
- Listing ID #:P1-24648
- Added:9 day(s) ago
- Updated:October 31, 2025 at 03:51 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$3,900,000
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