500 Mound Ave 4,650 SF 100% Leased Office Building South Pasadena, CA 91030 $2,200,000 ($473.12/SF)

500 Mound Avenue presents a rare opportunity to acquire a fully leased six-unit multifamily asset in one of the San Gabriel Valley’s most sought-after communities. Set in the heart of South Pasadena, the property benefits from its proximity to key regional destinations including Los Angeles, Caltech, the Huntington Library, and Pasadena’s Rose Bowl. The surrounding neighborhood offers immediate access to Bristol Farms, Fair Oaks retail, Garfield Park, and the Metro Station, giving residents an exceptional blend of convenience and walkability.
This 1921 investment property spans three buildings and has been well maintained, featuring separate electric and gas meters for all units, as well as stable long-term tenancy supported by the area’s consistent demand for housing. Investors will appreciate the dependable income profile, with all six units fully occupied and generating a combined monthly rent of $11,654. The current financial performance shows a gross income of $133,858 alongside operating expenses of $51,353, delivering a solid net operating income of $82,505.
South Pasadena remains one of the region’s highest-performing residential submarkets due to its award-winning school district, small-town character, and strong connectivity to major corridors such as the 110 Freeway and surrounding employment hubs. These fundamentals support both continued renter demand and long-term value appreciation, making this asset well suited for investors seeking stable cash flow and a foothold in a high-barrier-to-entry market.
With an attractive list price of $2,200,000 and a location that offers enduring appeal, 500 Mound Avenue stands out as a strategically positioned, income-generating property ideal for any multifamily portfolio. The combination of consistent tenancy, reliable financials, and the prestige of the South Pasadena community make this a compelling acquisition opportunity.