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87 El Nido Avenue, Pasadena, CA 91107

Pasadena
Local realty services provided by:CENTURY 21 Discovery
87 El Nido Avenue,Pasadena, CA 91107
$1,951,000
  • 6 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: john boyett
Office: cbre
MLS#:26640169
Source:CRMLS

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Price summary

  • Price:$1,951,000

About this home

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.

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Home facts

  • Year built:1941
  • Listing ID #:26640169
  • Added:142 day(s) ago
  • Updated:June 11, 2026 at 06:50 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6

Structure and exterior

  • Year built:1941
  • Levels:1 Story

Finances and disclosures

  • Price:$1,951,000
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