301-303 N Hudson Ave 6 Unit Apartment Building $2,185,000 ($364,167/Unit) 5.49% Cap Rate Pasadena, CA 91101

301–303 North Hudson Avenue represents a rare opportunity to acquire a well-located multifamily asset in one of Los Angeles County’s most desirable and supply-constrained rental markets. Situated in a strong Pasadena neighborhood, the property offers investors durable cash flow, stable tenancy, and long-term appreciation potential supported by exceptional market fundamentals.
The property consists of six (6) residential units with a desirable and diversified unit mix, appealing to a broad tenant base:
? 1 Studio (Non-Conforming)
? 1 Studio + Loft
? 3 One-Bedroom / One-Bathroom Units
? 1 Two-Bedroom / One-Bathroom Unit
Located just minutes from Old Town Pasadena, the property benefits from immediate proximity to one of the region’s most vibrant employment, retail, and lifestyle hubs. Tenants enjoy access to high-end dining, boutique shopping, entertainment venues, and cultural attractions, all of which drive consistent rental demand and support above-average rent growth.
The surrounding area is characterized by tree-lined residential streets, historic charm, and limited new multifamily development, creating a high barrier to entry for competing supply. Pasadena’s strong demographics, affluent renter base, and landlord-friendly rental dynamics further enhance the investment profile.
The property is strategically positioned near major employment anchors including Caltech, Pasadena City College, Huntington Hospital, and the Jet Propulsion Laboratory (JPL), which provide a stable and diverse tenant pool. Convenient access to the 210 and 134 freeways, as well as nearby Metro transit options, ensures strong regional connectivity throughout Greater Los Angeles.
301–303 N Hudson Ave offers investors a compelling combination of location-driven demand, attractive unit mix, and long-term upside in a proven Pasadena submarket with a history of strong rent performance and asset appreciation.