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622 Prospect

South Pasadena, CA 91030
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$2,798,000 $11,796/Mo
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Bed 8

Bed

Bath 7

Bath

SqFt3,460

Sqft

SqFt10,002

Sqft(Lot)

Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building — a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental com manding top-of-market rents. The rear building adds three income-producing units — two 2BR/2BA and one 1BR/1BA — each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market — a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike — don't miss this exceptional South Pasadena offering.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,798,000

AD Id : 87498900

MLS Id : AR26143552

Beds : 8

Lot Size : 10,002 Sqft

Living Area Size : 3,460

Year Built : 1907

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Composition
    Laundry Features: Common Area
    Window Features: Double Pane Windows, Screens

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1907
    Building Area Total: 3460
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 10002 Lot Size Acres: 0.2296 Lot Size Source: Assessor Lot Size Square Feet: 10,002

  • Listing Price Information

    Listing Price: $2798000
    Cash, Cash to New Loan, Conventional, Submit

  • Tax Information

    Parcel Number: 5315016006 Tax Lot: 4 Tax Block: B

  • Location Information

    Direction: N/Mission St, E/Orange Grove, W/Meridian Ave WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1715 Raymond Hill Road, South Pasadena, CA, 91030 $2,250,000 4 4 3,006 3,006 SqFt
1429 Monterey Road, South Pasadena, CA, 91030 $2,350,000 4 4 --
1128 Fremont Avenue, South Pasadena, CA, 91030 $1,780,000 4 3 2,413 2,413 SqFt
920 Adelaine Avenue, South Pasadena, CA, 91030 $1,498,000 2 2 --

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/17/2026 @ 20:19

MLS: AR26143552 LISTED BY: Fred Ashkar, Re/Max Premier Prop Arcadia 626-229-2200 SOURCE: CRMLS

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