About 415 S El Molino
Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density / expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside , significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that .Rare 12 Unit multi-family asset near the prestigious Pasadena 's Madison Heights neighborhood . the lucrative R-3 multi -family zoning property offers significant density and expansion potential . Featuring classic architectural charter with clear CapEx upside. this offering is an exceptional opportunity to with immediate rental upside, significant long term development , allow for the addition of high -yield income elements such ADUs making it perfect for maximizing site density . Property situated in or near the highly coveted Prime location , known for its leafy walkable streets , historic architecture , and proximity to major employment hubs like Whole food , Huntington hospital, Jet Propulsion Lab. Old town and Metro gold line. , steps from Art-center and Caltech . Value add & Capex upside. The property likely features "vintage or original 1920s -1950s charm that is ripe for Capex modernization ( complete tear-off / installation of a new roofing system. Full exterior repainting . Replacing of all the aging water heaters. A interior renovation across 7 units .This charming 3 -building complex features A 1924 timeless charm structure (1924sqt 2BD/1BA and 1BD/1BA) accompanied by two additional buildings / built in 1955 (8407 sqt 3 x 2BD/1BA and 7x 1BD/1BA). This staggered construction creates a property / unique character / diverse unit layouts. Ground -floor layouts expand the living space outdoors with expansive , fully enclosed private yards to give residents dedicated open air extensions of their homes. 3 units (upstairs) shared open -air common breezeway .
Features of 415 S El Molino
| MLS® # | WS26158276 |
|---|---|
| Price | $4,290,000 |
| Bathrooms | 0.00 |
| Acres | 0.46 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 415 S El Molino |
|---|---|
| Area | 648 - Pasadena (SE) |
| City | Pasadena |
| County | Los Angeles |
| Zip Code | 91101 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | ElevenToFifteenUnitsAcre |
|---|
Additional Information
| Date Listed | July 27th, 2026 |
|---|---|
| Days on Market | 46 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | X F Shirley H. Lam |
|---|---|
| Office | IRN REALTY |