308 Pasadena, South Pasadena, CA 91030

INVESTMENT HIGHLIGHTS

• Super Prime South Pasadena location, NO LOCAL Rent Control (AB1482 Statewide)

• High-Barrier-to-Entry Market: A rare multifamily offering in South Pasadena, a market known for extremely limited inventory and sustained high demand for Class-A locations.

• Unbeatable Walkability: Steps away from the Mission Street Downtown District and Arroyo Seco Golf Course, with premier shopping, dining, and daily amenities just minutes away.

• EXCEPTIONAL Demographics: Average household income ±$178,928 within a one-mile radius

• Award-Winning Schools: Zoned for the highly desirable, top-rated South Pasadena Unified School District.

• Strategic Connectivity: Adjacent to the City of San Marino and Pasadena, featuring seamless access to Downtown Los Angeles via the 110 Freeway or Huntington Drive.

PROPERTY HIGHLIGHTS

• Proven Value-Add Strategy: 15 of the 20 units have been entirely upgraded with high-end, modern finishes, leaving 5 classic units that provide significant and immediate rental upside for the next investor.

• Expansive Lot & ADU Potential: Situated on a massive 21,008 SF R3-zoned lot, providing an excellent opportunity for Accessory Dwelling Unit (ADU) development to maximize yield.

• Mid-Century Modern Charm: Built in 1953, this quiet, garden-style apartment community features distinctive architecture, a well-manicured courtyard, and excellent curb appeal.

• Premium Unit Features: The optimal unit mix includes two units that boast private decks with scenic views of high-end hillside homes.

• Secure & Convenient: Gated entrance, individually metered for gas and electricity, and ample parking with 20 on-site spaces (split between carport and tuck-under). A seller-owned on-site laundry facility provides additional income.