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Stacey Alysson Melman

1124 Cordova ST
Pasadena, CA, 91106
$2,195,000
8 Beds
6 Baths
4,407 SqFt
0.19 Acres
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MLS #26942719 image #0
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in a highly desirable Pasadena located in between S. Lake Ave, Caltech and PCC. The property offers an attractive unit mix consisting of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit. The property has benefited from numerous significant capital improvements, including brand new roofs in 2026, copper plumbing, some updated windows, recently painted and many interior updates and remodels providing a new owner with a well-maintained asset where many major building components have already been addressed. The location is a standout feature. Situated less than a mile to prime South Lake Avenue corridor, Erewhon market and many dining and shopping options. Even closer are Caltech and Pasadena City College, two of Pasadena’s most prominent educational institutions and major employment and housing-demand drivers. With only six units, a strong and desirable unit mix, substantial building improvements, and an excellent Pasadena location, this property represents a compelling opportunity for an investor seeking a very predictable multifamily asset with strong long-term rental demand and appreciation potential in one of Southern California’s most desirable rental markets. PLEASE DO NOT DISTURB ANY TENANTS OR WALK AROUND THE PROPERTY
AGENT: Alexander Metaxas
LISTING BROKERAGE: Realty Investment Advisors, Inc.
1124 Cordova ST
Pasadena, CA

Property Details

Price:
$2,195,000
MLS #:
26942719
Status:
Active
Beds:
8
Baths:
6
Type:
Single Family
Neighborhood:
648pasadenase
Listed Date:
Sep 1, 2026
Finished Sq Ft:
4,407
Total Sq Ft:
4,407
Lot Size:
8,265 sqft / 0.19 acres (approx)
Cape Cod648 – Pasadena (se)648pasadenase
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Schools

Interior

Appliances
Microwave
Heating
Wall Furnace
Levels
Two

Exterior

Architectural Style
Cape Cod
Open Parking YN
1
Parking Features
Concrete, Open
Stories
2

Financial

Gross Operating Income
$148,794
Net Operating Income
$92,887

Map

Community

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