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1513 1519 Huntington Drive

South Pasadena, CA 91030
  • $4,988,000
  • STATUS: Pending
  • ON SITE: 70 Days
  • ID#: AR26002094
Pending
$4,988,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)


Description

14-unit Trophy Asset in South Pasadena (NO LOCAL Rent Control), Excellent Location in the heart of South Pasadena – steps from So Pas Middle School, South Pasadena Unified School District, Superb Mid-Century Modern Architecture, First Time for Sale Since 1976, High Quality units and Large units. Brand new roofs. A True Trophy Mid-Century Modern 14-unit apartment in one of the best locations in the City of South Pasadena, California. This is the first time this property is being offered for sale since 1976 (49 years)! City of South Pasadena apartment market does not have any local rent control, and it has always been known as a “high-barrier-to-entry” and “no inventory” market as there are always very limited numbers of multifamily community offered for sale. Situated in the heart of South Pasadena on Huntington Dr and Fair Oaks Ave, this Gem is only steps away from So Pas Middle School on Fair Oaks, and just minutes away from all the shopping, dining, and area amenities on Fair Oaks Ave and Mission St Downtown District. It has Exceptional demographics with over $159,143 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District. The property consists of 2 separate buildings with center landscape area. The main building is a two-story walk-up apartment, and the 2nd building is a single story fourplex. It has fabulous landscaping with well-manicured lawn, a fruit tree, and flowering trees. The property was built in 1948 with distinctive Mid-Century Modern architecture and sits on a large 18,243 SF R3 zoned lot. The owner has made many capital improvements such as upgrading several units (including one of the owner’s past units) and completed electrical panel upgrades. The property has good unit mix of Two (2) x large 2bedroom+1bathroom, Six (6) x spacious 1bedroom+1bathroom, and Six (6) Studio units. Each unit has the original hardwood flooring, smooth ceiling, ceiling fans in living room and bedroom, windows a/c and wall heating. The non-upgraded unit has tiled kitchen countertops, with retro gas range with oven, and retro wall heating unit. The owner’s previous unit (1515-D) has been fully upgraded with brand new kitchen, brand new bathroom, and in-unit laundry machines. Four (4) units have been upgraded with updated kitchen, In-unit Laundry, mini-split AC. The property has a shared laundry room (leased) and master water heater. Parking is provided via 8 garage spaces – accessible from the alley.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-17T00:27:14.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/171739265
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1513 1519 Huntington Drive South Pasadena, CA 91030

  • Price: $4,988,000
  • Status: Pending
  • On Site: 70 Days
  • ID#: AR26002094
0
Beds
0
Baths
0
½ Baths
0.42
Acres
1948
Built
Neighborhood:
658 - So. Pasadena
County:
Los Angeles
Area:
658 - So. Pasadena
Property Description
14-unit Trophy Asset in South Pasadena (NO LOCAL Rent Control), Excellent Location in the heart of South Pasadena – steps from So Pas Middle School, South Pasadena Unified School District, Superb Mid-Century Modern Architecture, First Time for Sale Since 1976, High Quality units and Large units. Brand new roofs. A True Trophy Mid-Century Modern 14-unit apartment in one of the best locations in the City of South Pasadena, California. This is the first time this property is being offered for sale since 1976 (49 years)! City of South Pasadena apartment market does not have any local rent control, and it has always been known as a “high-barrier-to-entry” and “no inventory” market as there are always very limited numbers of multifamily community offered for sale. Situated in the heart of South Pasadena on Huntington Dr and Fair Oaks Ave, this Gem is only steps away from So Pas Middle School on Fair Oaks, and just minutes away from all the shopping, dining, and area amenities on Fair Oaks Ave and Mission St Downtown District. It has Exceptional demographics with over $159,143 AHH income within a mile-radius, and within the highly desirable South Pasadena Unified School District. The property consists of 2 separate buildings with center landscape area. The main building is a two-story walk-up apartment, and the 2nd building is a single story fourplex. It has fabulous landscaping with well-manicured lawn, a fruit tree, and flowering trees. The property was built in 1948 with distinctive Mid-Century Modern architecture and sits on a large 18,243 SF R3 zoned lot. The owner has made many capital improvements such as upgrading several units (including one of the owner’s past units) and completed electrical panel upgrades. The property has good unit mix of Two (2) x large 2bedroom+1bathroom, Six (6) x spacious 1bedroom+1bathroom, and Six (6) Studio units. Each unit has the original hardwood flooring, smooth ceiling, ceiling fans in living room and bedroom, windows a/c and wall heating. The non-upgraded unit has tiled kitchen countertops, with retro gas range with oven, and retro wall heating unit. The owner’s previous unit (1515-D) has been fully upgraded with brand new kitchen, brand new bathroom, and in-unit laundry machines. Four (4) units have been upgraded with updated kitchen, In-unit Laundry, mini-split AC. The property has a shared laundry room (leased) and master water heater. Parking is provided via 8 garage spaces – accessible from the alley.
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 0 Carport YN Yes Construction Materials Stucco Direction Faces North Entry Level 1 Entry Location 1 Fencing Wrought Iron Lot Features LawnLandscapedSprinkler SystemStreet Level Number Of Separate Electric Meters 15 Open Parking Spaces 0 Parking Features Attached CarportAssigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Asbestos Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas RangeRefrigeratorDryerWasher Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Wall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.58 Common Interest Community Apartment Community Features SuburbanValley Contingency none Current Financing None Electric Standard Electric Expense 0 Fuel Expense 175 Garage YN Yes Gross Income 337007 Gross Scheduled Income 337007 Insurance Expense 13203 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 10500 Net Operating Income 228290 New Construction YN No New Taxes Expense 57819 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 1 Number Of Units Leased 14 Operating Expense 101977 Pest Control Expense 590 Pool Expense 0 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 27725 Trash Expense 4520 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 6740 Vacancy Allowance Rate 2 Water Sewer Expense 6566 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-17T00:27:14.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)