Movoto Real Estate
  • Other
  • Exterior

1124 Cordova St, Pasadena, CA 91106

  • $2,195,000

  • 8

    bed

  • 6

    bath

  • 4,407

    Sqft ($498/Sqft)

Multi-family for sale 10 hours
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About 1124 Cordova St

Property type Multi-family
Neighborhood
HOA fee $0/month
Lot size 8,265 Sqft
Movoto estimate
Property description
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, the property benefits from its proximity to two of Pasadena's most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California's most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY
Listed by
Listing Agent - Alexander Metaxas
Listing Office - Realty Investment Advisors, Inc.
Source: The MLS mls logo
MLS#26942719 • last updated 17 hours ago
Movoto checked The MLS for data 21 minutes ago
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Overview
Levels/Style Two
MLS # 26942719
Type Residential Income
Status Active
SqFt 4407
Lot Size (SqFt) 8265
Lot Size (Acres) 0.1897
Interior
Total # of Baths 6
Total # of Bedrooms 8
Exterior
Parking Desc Uncovered, Driveway - Concrete
Add'l Structures None
Amenities / Utilities
Equipment Microwave, Range/Oven
Location
County Los Angeles
Zoning PSR4
APN 5735-016-006
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 1950
Unit 1: Projected Rent 2800
Unit 1: # Beds 1
Unit 4: # Beds 1
Unit 1: Rent 2738
Unit 2: Rent 2022
Unit 3: Rent 1850
Unit 4: Rent 2025
Unit 2: Furnished No
Unit 2: Projected Rent 2100
Unit 4: Projected Rent 2050
Unit 3: # Beds 1
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 2025
Unit 2: Actual Rent 2022
Unit 3: Actual Rent 1850
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 2738
Total # Of Buildings 3
Net Operating Income 92887
Cap Rate 4.23
Gross Income 153396
Gross Operating Income 148794
Gross Rent Multiplier 14.31
Total Annual Expenses 55907
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Source: GreatSchools.org © 2026. All rights reserved.

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