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Sold on 03/31/2026
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87 El Nido Ave, Pasadena, CA 91107

  • $1,951,000

    Last sold 03/31/2026 after 70 Days

  • 6

    bed

  • 6

    bath

  • 2,816

    Sqft ($693/Sqft)

Multi-family not for sale
Movoto is helping 25 homebuyers near you

About 87 El Nido Ave

Property type Multi-family
Neighborhood
Year built 1941
HOA fee $0/month
Lot size 0.25 Acre
Property description
We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Listed by
Listing Agent - John Boyett
Listing Office - CBRE
Source: The MLS mls logo
MLS#26640169 • last updated 1 month ago
Movoto checked The MLS for data 7 minutes ago
Overview
Levels/Style One
MLS # 26640169
Type Residential Income
Status Sold
SqFt 2816
Lot Size (SqFt) 10974
Lot Size (Acres) 0.2519
Year Built 1941
Interior
Total # of Baths 6
Total # of Bedrooms 6
Exterior
Parking Desc Other
Add'l Structures Other
Amenities / Utilities
Equipment Other
Location
County Los Angeles
Zoning PSR3
APN 5748-016-029
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 14400
Unit 1: # Beds 1
Unit 1: Rent 2006
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 12036
Total # Of Buildings 5
Net Operating Income 92623
Gross Income 144434
Gross Operating Income 140521
Gross Rent Multiplier 15.23
Total Annual Expenses 47898
  • Apr 2026
    mls logo MLS # 26640169
  • Apr 20, 2026 Sold
    $1,951,000 (-11.3%)
  • Jan 19, 2026 Listed
    $2,200,000
  • 87 El Nido Ave
    $1.95M
  • Eaton Blanche Park
    $1.68M -8% y/y
  • 91107
    $1.29M -13% y/y
  • Pasadena
    $1.17M -9% y/y
No chart available
Statistics calculated by Movoto

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7/10
Willard 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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  • Real Estate
  • CA
  • Los Angeles County
  • Pasadena
  • 91107
  • Eaton Blanche Park
  • 87 El Nido Ave
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