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87 El Nido Avenue, Pasadena, CA 91107

Local realty services provided by:CENTURY 21 Valley Properties
87 El Nido Avenue,Pasadena, CA 91107
$2,200,000
  • 6 Beds
  • 6 Baths
  • 2,816 sq. ft.
  • Multi-family
  • Active
Listed by: john boyett
Office: cbre
MLS#:26640169
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$781.25

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:7 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:2,816 sq. ft.

Structure and exterior

  • Year built:1941
  • Building area:2,816 sq. ft.
  • Lot area:0.25 Acres

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$781.25
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 California Regional MLS (Southern California) 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 2021 California Regional MLS (Southern California). All rights reserved.

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