932 Arroyo Dr 5 Unit Apartment Building $1,625,000 ($325,000/Unit) 3.90% Cap Rate South Pasadena, CA 91030

Located in one of the most desirable pockets of South Pasadena, 932 Arroyo Drive
presents a rare opportunity to acquire a well-maintained 5-unit multifamily property in a
premier rental market. The property features an attractive unit mix consisting of one 2-
bedroom unit and four 1-bedroom units, appealing to a broad tenant base seeking the
charm, convenience, and strong community feel that South Pasadena is known for. Ownership has completed several recent capital improvements, including repainted driveways and walkways, newly paved parking lot, rebuilt rear deck, new awnings, new cable railing, new rain gutters, and a new spray foam flat roof installed in 2026. Unit #1 has been tastefully remodeled with a new kitchen, updated flooring, and fresh interior paint. The spacious 2-bedroom unit features central HVAC, while all four 1-bedroom units are equipped with wall A/C units. The property also offers a community coin- operated laundry facility for additional tenant convenience and supplemental income
potential. Positioned along the scenic Arroyo corridor, the property benefits from its close
proximity to parks, hiking trails, golf courses, and recreational amenities, while also being just minutes from Mission Street's popular dining, shopping, and café scene. Residents enjoy convenient access to Downtown Los Angeles, Pasadena, and major transportation corridors, making this an ideal location for commuters and long-term renters alike. South Pasadena's highly regarded schools, tree-lined streets, and strong rental demand continue to make the city one of the San Gabriel Valley's most sought-after multifamily investment markets.