87 El Nido Avenue, Pasadena, CA 91107

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
87 El Nido Avenue,Pasadena, CA 91107
$2,200,000
  • 6 Beds
  • 6 Baths
  • 2,816 sq. ft.
  • Multi-family
  • Active
Listed by: john boyett
Office: cbre
MLS#:26640169
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$781.25

About this home

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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Home facts

  • Year built:1941
  • Listing ID #:26640169
  • Added:54 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:2,816 sq. ft.

Structure and exterior

  • Year built:1941
  • Building area:2,816 sq. ft.
  • Lot area:0.25 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$781.25
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