90--92 Monterey Road, South Pasadena, CA 91030
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
90--92 Monterey Road,South Pasadena, CA 91030
$3,975,000
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kevin lutz, kevin hurley
Office: keller williams realty/pasadena
MLS#:WS26180702
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,975,000
About this home
Monterey Terrace Apartments is a 12-unit multifamily property located at 90 & 92 Monterey Road in South Pasadena, California. The property consists of three two-story walk-up buildings totaling 8,355 gross square feet. Built in 1963, the asset features a unit mix of twelve 2-bedroom/1-bathroom units, with approximately six units averaging 655 square feet and six units averaging 670 square feet. The property has undergone significant capital improvements, including a gut renovation in 2008 with upgraded plumbing, electrical systems, windows, flooring, kitchens, appliances, cabinets, bathrooms, fixtures, hot water heaters, and central air conditioning units. Additional improvements include soft-story parking reinforcement completed in 2008, and a completed SB 721 decking inspection. Monterey Terrace Apartments presents an opportunity to acquire a renovated multifamily asset in South Pasadena with potential long-term upside through its high-density SPR4 zoning designation. Situated on a 14,040 square foot lot, the property benefits from zoning that allows for potential future development up to 20 units, subject to buyer verification. The asset is located within a residential neighborhood featuring a mix of condominiums, apartments, and single-family homes. With upgraded building systems, individually metered utilities, renovated interiors, and completed capital improvements, Monterey Terrace Apartments offers investors a stabilized multifamily opportunity with additional value potential....
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Home facts
- Listing ID #:WS26180702
- Added:33 day(s) ago
- Updated:September 22, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$3,975,000
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