646 Orange Grove Ave 7 Unit Apartment Building $3,199,000 ($457,000/Unit) 4.51% Cap Rate South Pasadena, CA 91030

Rare Income-Producing Multi-Unit Property in Prime South Pasadena Location!
An exceptional investment opportunity in the heart of South Pasadena, this income-generating property features two separate structures on a single lot, offering both versatility and long-term growth potential. Situated on the quiet and tree-lined Orange Grove Avenue, this rare asset combines charm, location, and functionality — perfect for both seasoned investors and 1031 exchange buyers.
The front structure at 646 Orange Grove Avenue is a well-maintained six-unit apartment building, featuring a mix of generously sized floor plans that attract long-term tenants. Each unit is thoughtfully laid out, with bright interiors and classic character. The building offers a reliable stream of income with upside potential through rental increases or cosmetic updates.
Tucked privately at the rear of the property is 648 Orange Grove Avenue, a detached, gated 2-bedroom, 1-bathroom single-family home. With its own dedicated yard, private entrance, and separation from the apartment complex, this unit provides added rental flexibility — ideal for a high-paying tenant or owner-user.
Additional features include ample on-site parking, a highly convenient location, and proximity to top-rated South Pasadena schools, which consistently rank among the best in California. Tenants enjoy easy access to local shops, cafes, restaurants, Metro Gold Line, and major freeways — making commuting to Downtown LA, Pasadena, or surrounding areas convenient and efficient.
This is a truly rare offering in a supply-constrained, high-demand rental market. Whether you’re looking to expand your portfolio, house-hack, or secure an asset with future development potential, this property checks all the boxes.
Buyer to independently verify all information, including but not limited to square footage, unit count, zoning, income/expenses, and permit history. Neither seller nor listing agent guarantees accuracy of information.