1124 Cordova Street, Pasadena, CA 91106
Multi-Family for sale in Pasadena: $2,195,000, 8 beds, 6 baths, 4,407 sqft. 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 t…
$2,195,000
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, the property benefits from its proximity to 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
Slava Ploshkin · DRE #02323623 · Hayden & Bach
Working with broker Joe Goodman, 25+ years in California real estate
57%above what similar homes nearby are asking
Bigger, not pricier
It asks more than most homes nearby, but less per square foot. You are paying for extra space rather than a premium on the address.
Just came on
It is new to the market, so expect other buyers to be looking at it this week. If it fits, do not wait for the weekend open house.
Larger than typical
There is more floor area here than in most nearby listings, which is worth weighing against what you would pay to add it later.
Compared against 57 active CRMLS multi-unit properties within 3 miles as of September 1, 2026. These are current asking prices, not sales. Condition, updates, location and view can put a home well above or below these numbers, so treat this as orientation, not an appraisal.
I usually reply within the hour.
“I liked that Slava didn't pretend every home was perfect.”
Listing updated: September 1, 2026 at 8:08 PM
Listed by: Alexander Metaxas DRE #01784652, Realty Investment Advisors, Inc.
Source: CRMLS, MLS#: 26942719, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
9/01/2026 Source: CRMLS, #26942719 | Listed for sale | $2,195,000$498/sqft |
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