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Sold on 11/14/2025
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467 S El Molino Ave, Pasadena, CA 91101

$1,970,000

Last sold 11/14/2025 after 64 Days

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    bed

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    bath

Multi-family not for sale
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About 467 S El Molino Ave

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Lot size 0.28 Acre
Parking 3 garage spaces
Rental estimate
Property description
PRICED TO SELL. Rare opportunity for both investors and developers to acquire this Prime location 6-unit property, with over a 12,000 sqft lot, in the heart of Pasadena. Hold on to it as is, build a couple ADU's or new development. Approximately $12k/mo income. 2 short blocks from S. Lake Ave where shopping and restaurants are plentiful. Very close proximity to Old Town Pasadena, Cal Tech, Pasadena Convention Center and all freeways. Property has a medium-high density zoning CD-RM-32.
Listed by
Listing Agent - Darius Majlessi
Listing Agent Contact: 818-426-6639
Listing Office - Sotheby's International Realty
Source: CRMLS mls logo
MLS#SR25217524 • last updated 11 months ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2757
Lot Size (SqFt) 12011
Year Built 1946
Interior
Exterior
Building Area Square Feet, 4004
# Carport Spaces 4
# Parking Spaces 7
# Garage Spaces 3
Lot Description Lot 10000-19999 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban
Zoning PSR3-RM32
Directions S. El Molino Between Del Mar And California
APN 5734018005
Multifamily Details
Expense: Trash 6000
Laundry Income 1500
Operating Expense 35000
Cap Rate 5.04
Expense: Insurance 5000
Total Expenses 35000
Expense: Water/ Sewer 6000
Gross Income 144900
Gross Scheduled Income 143400
Rental est.: $1,759/month
Gross rent multiplier: 93.3
  • Nov 2025
    mls logo MLS # SR25217524
  • Nov 15, 2025 Sold
    $1,970,000
  • Oct 30, 2025 Pending
    —
  • Oct 7, 2025 Active
    —
  • Sep 11, 2025 Listed
    $2,150,000 (-8.5%)
  • Nov 2025
    Public Records
  • Nov 14, 2025 Sold
    $1,970,000 (-8.4%)
  • Aug 2025
    mls logo MLS # SR25137999
  • Aug 13, 2025 Price Change
    $2,350,000 (-5.8%)
  • Jun 19, 2025 Listed
    $2,495,000 (+24.1%)
  • Jun 2018
    mls logo MLS # AR18104863
  • Jun 6, 2018 Sold
    $2,010,000
  • Jun 5, 2018 Sold
    $2,010,000 (+6.1%)
  • May 11, 2018 Pending
    —
  • May 4, 2018 Listed
    $1,895,000
  • May 4, 2018 Listed
    $1,895,000
  • Jun 2018
    Public Records
  • Jun 5, 2018 Sold
    $2,010,000
  • Year Property taxes Tax assessment
  • 2024
    $26,026 +0.8%
    $2,243,638 +2.0%
  • 2023
    $25,809 +3.6%
    $2,199,674 +2.0%
  • 2022
    $24,920 +4.2%
    $2,156,573 +2.0%
  • 2021
    $23,904 +4.2%
    $2,114,317
  • 2020
    $22,951 +626.6%
    $2,114,317 +1130.41%
  • 2018
    $3,159
    $171,839
  • 467 S El Molino Ave
    $1.97M
  • Downtown Pasadena
    $948K +5% y/y
  • 91101
    $855K -8% y/y
  • Pasadena
    $1.18M -7% y/y
No chart available
Statistics calculated by Movoto

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4/10
McKinley School
public Grades K-8
Pasadena Unified School District
5/10
Blair High School
public Grades 6-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. 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.
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