Active

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 : Residential Income

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

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Sewer Tap Paid

  • Interior Features

    Roof: Composition Windows: Double Pane Windows,Screens Fireplace: None

  • Heating Source

    Forced Air Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1907 Building Area Total: 3,460 Roof: Composition

  • Foundation

    Raised

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)

  • Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    Wood

  • Lot Details

    Lot Dimensions Source: Assessor Lot Size Acres: 0.2296
  • Lot Size Source: Assessor Lot Size Square Feet: 10002

  • Listing Price Information

    Original List Price: 2,798,000 Listing Contract Date: 2026-07-01

  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5315016006

  • Garage and Parking

    Garage Description: Carport

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 658 - So. Pasadena Directions: N/Mission St, E/Orange Grove, W/Meridian Ave Zoning: R3 Source Property Type: Residential Income Area: 658 - So. Pasadena Property SubType: Quadruplex

  • Building and Construction

    Property Age: 119 Common Walls: 2+ Common Walls Property Condition: Updated/Remodeled Structure Type: Quadruplex 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
1715 Raymond Hill Road, South Pasadena, CA, 91030 $2,250,000 4 4 3,006 3,006 SqFt
1039 Grevelia Street, South Pasadena, CA, 91030 $799,000 4 2 1,448 1,448 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 07/03/2026 @ 16:36

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

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