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90 -92 Monterey Road

South Pasadena, CA 91030
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Bed 4

Bed

Bath 2

Bath

SqFt14,040

Sqft(Lot)

Monterey Terrace Apartments is a 12-unit multifamily property located at 90 & 92 Monterey Road in South Pasadena, California. The property consists of three two-story walk-up buildings totaling 8,355 gross square feet. Built in 1963, the asset features a unit mix of twelve 2-bedroom/1-bathroom units, with approximately six units averaging 655 square feet and six units averaging 670 square feet. The property has undergone significant capital improvements, including a gut renovation in 2008 with upgraded plumbing, electrical systems, windows, flooring, kitchens, appliances, cabinets, bathrooms, fixtures, hot water heaters, and central air conditioning units. Additional improvements include soft-story parking reinforcement completed in 2008, and a completed SB 721 decking inspection. Monterey Terrace Apartments presents an opportunity to acquire a renovated multifamily asset in South Pasadena with potential long-term upside through its high-density SPR4 zoning designation. Situated on a 14,040 square foot lot, the property benefits from zoning that allows for potential future development up to 20 units, subject to buyer verification. The asset is located within a residential neighborhood featuring a mix of condominiums, apartments, and single-family homes. With upgraded building systems, individually metered utilities, renovated interiors, and completed capital improvements, Monterey Terrace Apartments offers investors a stabilized multifamily opportunity with additional value potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,975,000

AD Id : 89758633

MLS Id : WS26180702

Beds : 4

Lot Size : 14,040 Sqft

Year Built : 1963

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1963
    Building Area Total: 8355
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 14040 Lot Size Acres: 0.3223 Lot Size Source: PublicRecords Lot Size Square Feet: 14,040 Lot Description: StreetLevel

  • Listing Price Information

    Listing Price: $3975000
    CashToNewLoan

  • Tax Information

    Parcel Number: 5312002002 Tax Lot: 2 Tax Block: 1

  • Parking Information

    Parking Total: 14

  • Location Information

    Direction: Monterey Road & Oak Hill Avenue WaterSource: Public
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Address Estimate Bed Bath Sq. Ft Lot Size
1171 Huntington Drive, South Pasadena, CA, 91030 $2,780,000 8 5 --

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ByOwner last updated this listing 08/20/2026 @ 19:46

MLS: WS26180702 LISTED BY: KEVIN LUTZ, Keller Williams Realty/Pasadena 626-204-3300 SOURCE: CRMLS

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