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529 541 S El Molino Street

Pasadena, CA 91101
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Bed 0

Bed

Bath 0

Bath

SqFt30,367

Sqft(Lot)

TROPHY Class-A Location - 20-unit Steps from South Lake Ave, Erewhon, Caltech, and Old Town Pasadena | Attractive Returns with Major CapEx Completed | Bungalow Style Units + Expansive R3-Zoned Lot. HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as South Lake Ave Business District, Erewhon, CALTECH, and Old Town Pasadena. This offer provides investors with an opportunity to acquire a well-maintained asset in a trophy location with attractive return. It has a Walk Score of 81 out of 100. HACIENDA GARDEN is a 20-un it garden-style apartment community that consists of two properties: 529 S El Molino (10 units) and 541 S El Molino (10 units). It has a total building size of ±14,815 sqft and is situated on a large 30,367 sqft R3-zoned lot with excellent curb appeal and neatly manicured landscaping. It is exceptionally well-maintained in a Class-A neighborhood of Pasadena. 529 S El Molino is a bungalow style 10-unit with a total building size of 8,263 SF and situated on a 20,252 SF lot. It offers a gorgeous bungalow-style layout with center courtyard complete with attractive curb appeal. It has 10 units that are spread out over 5 buildings. Four of them are single story bungalows, and the fifth building is a two-story building. It has two (2) x 2-bedroom+1-bathroom, six (6) x 1-bedroom+1-bathroom, and two (2) x Studio units. Many units have been partially updated with refinished original hardwood floor, high 10ft ceiling, crown molding, upgraded bathroom, designer lighting fixtures, windows A/C, and tiled kitchen. The 4 back units are large with estimated size of ±1038 sqft per unit. The 541-S was built in 1950, has a total building size of 6,552 SF and is situated on a 10,115 SF lot. It is a two-story garden style apartment with brick pavers walkway. It offers ten (10) x 1-bedroom+1-bathroom units. The building has brand new staircases (rebuilt with permit) and several units have been updated with 2 units have full copper plumbing. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas, and has a shared laundry room.

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Detail Ic Property Details

Property Type : Residential Income

Price : $6,780,000

AD Id : 86505960

MLS Id : AR26139329

Lot Size : 30,367 Sqft

Year Built : 1950

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Shingle Property Appliances: Gas Range,Refrigerator Fireplace: None Flooring: Carpet,Laminate,Wood
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1950 Roof: Shingle
  • Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.6971
  • Lot Size Source: Assessor Lot Size Square Feet: 30367

  • Listing Price Information

    Original List Price: 6,780,000 Listing Contract Date: 2026-06-26
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5734019011

  • Garage and Parking

    Garage Description: Asphalt,Covered,Detached Carport,Driveway

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 647 - Pasadena (SW) Directions: northwest side of El Molino ave and California Ave, south of Del Mar Blvd. Source Property Type: Residential Income Area: 647 - Pasadena (SW) Property SubType: Apartment
  • Building and Construction

    Property Age: 76 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
606 N El Molino Avenue, Pasadena, CA, 91101 $1,208,000 4 3 2,520 2,520 SqFt
840 E Green #305, Pasadena, CA, 91101 $1,295,000 2 2 1,917 1,917 SqFt
709 E Walnut Street #222, Pasadena, CA, 91101 $699,900 -- 1 706 706 SqFt
295 S Hudson Avenue, Pasadena, CA, 91101 $5,595,000 -- -- 9,945 9,945 SqFt
408 E Del Mar Boulevard, Pasadena, CA, 91101 $889,000 2 1 1,162 1,162 SqFt

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ByOwner last updated this listing 07/02/2026 @ 07:38

MLS: AR26139329 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS

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