87 El Nido Avenue, Pasadena, CA 91107

About this property

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.

Listing description from the April 2026 sale, as reported to CRMLS.

Sale history

$1,951,000

Sold April 2026 · listed $2,200,000, on market January 2026 · MLS #26640169 · Source: CRMLS

Listing Agent: John Boyett · Listing Office: CBRE · Bought with: John Boyett · CBRE

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