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482 S El Molino Avenue

Pasadena, CA 91101

– beds
– baths
– sqft
14,617 sqft lot
1962 build
– on site

First time on the market in over 50 years, it is with great pleasure to present this 8-unit multifamily property in one of the best areas of Pasadena. This investment offers a stable return and appreciation fueled by this high rental demand location at just a 10-minute walk to Erewhon, Trader Joe's and the prime corridor of South Lake Ave. With a large building size of 8,162 SF the subject property offers spacious units featuring a strong unit mix of: TWO 2 Bed + 2 bath units, TWO 2 Bed + 1 bath units and FOUR 1 Bed + 1 bath units. The garden style layout offers charm and privacy with most units having patios or balconies. The two-bedroom units feature central HVAC systems and all units have individual water heaters and separately metered for gas and electricity. Major capital improvements include a full roof replacement in 2022, the plumbing has been updated and granite counters with built-in stoves and ovens. Situated on a large 14,617 SF lot, there are 8 covered parking spaces with 3 more uncovered spaces along with storage sheds that can provide some additional rental income. A community laundry room currently has two, landlord owned, coin operated machines and can accommodate two additional machines to increase laundry operations. All balconies have been inspected per state ordinances. Units are subject to Pasadena local rent control laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Listed By CRMLS_CA / Alexander Metaxas / Realty Investment Advisors, Inc.

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 25560529 —

The Building

Year Built:

1962
New Construction:

No
Building Area Total:

8162.00
Total Number Of Units:

8
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Two
Laundry:

Community
Laundry:

1

Location

Directions:

East on Del Mar Blvd, South on El Molino Ave
Latitude:

34.13747400
Longitude:

-118.13633200

The Property

Property Type:

Residential Income
Zoning:

PSR4
Lot Size Area:

14617.0000
Lot Size Acres:

0.3356
Lot Size SqFt:

14617.00
Lot Size Source:

Other

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5734020013

Heating & Cooling

Heating:

1
Heating:

Electric
Cooling:

Yes
Cooling:

Central Air

Appliances

Appliances:

Built-In
Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Detached Carport
Parking Spaces:

11.00
Uncovered Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/8/25 Jul 8, 2025	Listed / Active	CRMLS_CA	$3,100,000

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This multifamily located in Downtown Pasadena, Pasadena, CA 91101 is currently for sale for $3,100,000. 482 S El Molino Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 5 days. 482 S El Molino Avenue is in the Downtown Pasadena neighborhood of Pasadena and has a WalkScore® of 80, making it very walkable.

Listing Courtesy of: CRMLS_CA and Realty Investment Advisors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:41 on Jul 13.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.