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Sold on 04/13/2026
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276 S Sierra Madre Blvd, Pasadena, CA 91107

$5,500,000

Last sold 04/13/2026 after 75 Days

  • 4

    bed

  • 22

    bath

  • 8,884

    Sqft ($619/Sqft)

Multi-family not for sale
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About 276 S Sierra Madre Blvd

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Property description
6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.
Listed by
Listing Agent - Alexander Metaxas
Listing Office - Realty Investment Advisors, Inc.
Source: The MLS mls logo
MLS#26642065 • last updated 3 months ago
Movoto checked The MLS for data 8 minutes ago
Overview
Levels/Style Two
MLS # 26642065
Type Residential Income
Status Sold
SqFt 8884
Lot Size (SqFt) 14600
Lot Size (Acres) 0.3475
Year Built 1956
Interior
Total # of Baths 22
Total # of Bedrooms 4
Exterior
Parking Desc On Street, Driveway Gate, Side By Side, Assigned, Driveway - Concrete
Add'l Structures None
Amenities / Utilities
Equipment Dishwasher, Ceiling Fan, Refrigerator, Range/Oven, Microwave
Location
County Los Angeles
Zoning LCR4YY
APN 5330-001-007
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 2550
Unit 1: # Beds 1
Unit 1: Rent 2232
Unit 2: Rent 1743
Owner Pays Electricity, Gas, Water, Gardener
Unit 2: Furnished No
Unit 2: Projected Rent 1850
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 1743
Unit Type 2106, 2107
Unit 1: Actual Rent 2232
Total # Of Buildings 1
Net Operating Income 335559
Cap Rate 6.01
Vacancy Rate 3
Gross Income 494040
Gross Operating Income 479219
Gross Rent Multiplier 11.3
Total Annual Expenses 143660
$5.85M
Range: $5.27M-$6.44M
Last 30 days 
  • May 2026
    mls logo MLS # 26642065
  • May 8, 2026 Sold
    $5,500,000 (-1.5%)
  • Apr 13, 2026 Active
    —
  • Jan 27, 2026 Listed
    $5,585,000 (-4.9%)
  • Dec 2025
    mls logo MLS # 25626927
  • Dec 8, 2025 Listed
    $5,875,000 (+102.6%)
  • Nov 2013
    Public Records
  • Nov 21, 2013 Sold
    $2,900,029
  • Year Property taxes Tax assessment
  • 2024
    $42,617 +4.4%
    $3,497,938 +1.99%
  • 2023
    $40,829 +3.5%
    $3,429,600
  • 2022
    $39,467 +4.1%
    $3,429,600 +4.02%
  • 2021
    $37,899 +4.1%
    $3,296,917
  • 2020
    $36,416
    $3,296,917
  • 276 S Sierra Madre Blvd
    $5.5M
  • Pasadena Se
    —
  • 91107
    $1.25M -13% y/y
  • Pasadena
    $1.1M -10% y/y
No chart available
Statistics calculated by Movoto

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6/10
Hamilton Elementary School
public Grades K-5
Pasadena Unified School District
N/A
Woodrow Wilson Middle School
public Grades 6-8
Pasadena Unified School District
6/10
Pasadena High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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