

Listed by ATLAS GROUP - EXP REALTY
$3,300,000
59 S Meridith
Details
APN 5736024007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,952
Units 7
Cap Rate 4.77%
Price per SqFt $666
Broker Co-Op Yes
Year Built 1964
Buildings 1
Stories 2
Acreage 0.182
Zoning Public Rec
Multifamily | 7 Units | $471,429/unit
Marketing description
7 Unit Apartment building in Pasadena, CA located walking distance (1 block away) from Pasadena City College (PCC). 4 units are currently vacant and used as short-term rental (Airbnb). Airbnb business will also be included in the sale (135 reviews at 4.92 rating with Guest Favorite award). Unit mix: 2 x (2B+1B) and 5 x (1B+1B). Laundry room on site with 1 coin operated washer and 1 coin operated dryer (both units owned and included with the sale). New rain gutters recently installed, new facia, new paint, new windows, new plumbing, new electrical panels (3 out of 7 units), drainage updated, 2 new water heaters, refurbished roof (less than 3 years ago). 7 covered parking spots on site (all carports). Excellent location with walk score of 87 and bike score of 75. Most errands can be accomplished on foot and biking is convenient on most trips. Less than 1 mile away from California Institute of Technology (Caltech), 1.1 miles away from Huntington Library, 2 miles away from Pasadena Convention Center and 4.5 miles away from Rose Bowl.
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Listed by ATLAS GROUP - EXP REALTY
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Zoning
RM-32 ResidentialMulti FamilyMultifamily Residential
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View all 39 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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