308 Pasadena Ave, South Pasadena, CA 91030
FOR SALE
0.48 ACRES
Listed by Handoko Chen, Growth Investment Group Pasade, (626) 594-4900

308 Pasadena Ave
South Pasadena, CA 91030

  • 22 Beds
  • 20 Baths
  • 9,990 sqft (on 0.48 acres)

$6,280,000

Original price: $6,580,000
Est. Mortgage $37,610/mo*

$6,280,000

Original price: $6,580,000
Est. Mortgage $37,610/mo*
22 Beds
20 Baths
9,990 sqft
(on 0.48 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

20-unit Value-add in South Pasadena (NO LOCAL Rent Control), Walk to Arroyo Seco Golf Course and Mission Street Downtown District, Prime Large R3 Lot with ADU Potential, South Pasadena School District, Exceptional Demographics.

A premier 20-unit value-add investment opportunity in the highly coveted city of South Pasadena. Renowned for its high barriers to entry and exceptionally limited multifamily inventory, South Pasadena offers investors a rare chance to acquire a substantial footprint in a top-tier Southern California submarket with No Local Rent Control (under CA AB1482).

Strategically located a block from the Arroyo Seco Golf Course and within walking distance to the vibrant Mission Street Downtown District, the property provides tenants with unparalleled access to premium shopping, dining, and community amenities along Mission Street and Fair Oaks Avenue. The surrounding area boasts exceptional demographics, including an average household income exceeding $178,928 within a one-mile radius, and falls within the prestigious South Pasadena Unified School District.

Built in 1953, this distinct Mid-Century Modern garden-style community features a well-manicured front lawn and strong curb appeal. The 9,990 SF building rests on an expansive 21,008 SF R3-zoned lot, presenting significant potential for future ADU development. It has a sparkling and fenced swimming pool, and offers a highly desirable unit mix consisting of two (2) 2-bedroom/1-bathroom unit and eighteen (18) 1-bedroom/1-bathroom units. Each unit has individual water heater. The fully upgraded units have new flooring throughout, new kitchen with new cabinets and quartz countertops, new bathroom with tiled wall, and so much more.

Home Highlights

Parking
19 Carport Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$629
Listed
87 days ago

Home Details for 308 Pasadena Ave

Interior Features

Beds & Baths
Number of Bedrooms: 22Number of Bathrooms: 20
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water ConnectedAppliances: Gas RangeLaundry: Common Area
Heating & Cooling
Heating: Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall Furnace
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Electric: Standard
Windows, Doors, Floors & Walls
Flooring: Laminate, Vinyl, WoodCommon Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1Accessibility: NoneFloors: Laminate, Vinyl, Wood
View
Has a ViewView: Hills
Security
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: FlatFencing: Wrought IronFoundation: RaisedNo Private Pool
Parking & Garage
Number of Carport Spaces: 19Number of Covered Spaces: 19Open Parking Spaces: 1Has a CarportNo GarageNo Attached GarageParking Spaces: 20Parking: Assigned,Carport
Pool
Pool: Community
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 82Days on Market: 87

Property Information

Year Built
Year Built: 1953
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Mid-Century Modern
Building
Construction Materials: StuccoNot a New ConstructionAttached To Another StructureHas Additional Parcels
Property Information
Condition: Repairs Cosmetic, Updated/RemodeledParcel Number: 5313011004Additional Parcels Description: 5313011005

Price & Status

Price
List Price: $6,280,000Price Per Sqft: $629
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: South Pasadena

Agent Information

Listing Agent
Listing ID: AR26054584

Building

Building Area
Building Area: 9990 Square Feet

Community

Community Features: Suburban, Valley, PoolNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.48 acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: noneListing Terms: Cash, Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: AR26054584Living Area Range Units: Square FeetAttribution Contact: han.chen@growthinvestmentgroup.comCommon Interest: Community ApartmentUniversal Property Id: US-06037-N-5313011004-R-N

Additional Information

SuburbanValleyPoolSource Internet Entire Listing Display
Last check for updates: about 8 hours ago
Listing Provided by: Handoko Chen DRE #01749321
Growth Investment Group Pasade
Originating MLS: California Regional MLS
Source: CRMLS, MLS#AR26054584
Also Listed on CRMLS.

Market trends in South Pasadena

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
39
9
MoM

Price History for 308 Pasadena Ave

DatePriceEventSource
04/24/2026$6,280,000PriceChange
CRMLS #AR26054584
03/25/2026$6,580,000PriceChange
CRMLS #AR26054584
03/12/2026$6,800,000Listed For SaleCRMLS #AR26054584
04/10/2020$4,550,000Sold
Pasadena Foothills MLS #819005049
03/13/2020$4,250,000PendingAgent Provided
03/13/2020$4,250,000Listed For SaleAgent Provided
03/03/2020$77,000Sold
N/A
10/13/2009$1,039Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$10
Home facts updated by county records

Comparable Sales for 308 Pasadena Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.11
Multi-Family Home
$5,800,000
07/16/25
16
24
18,224
0.63
Multi-Family Home
$2,575,000
12/05/25
9
7
6,322
1.04
Multi-Family Home
$6,400,000
12/12/25
28
33
20,447
1.29
Multi-Family Home
$4,450,000
05/20/26
10
14
10,463
1.20
Multi-Family Home
$2,626,000
04/21/26
14
15
7,764
1.02
Multi-Family Home
$3,140,000
02/23/26
12
8
6,540
1.02
Multi-Family Home
$3,200,000
04/15/26
7
5
3,610
1.17
Multi-Family Home
$2,000,000
04/09/26
11
10
3,428
1.32
Multi-Family Home
$1,929,526
06/30/25
13
8
6,048
0.35
Multi-Family Home
$1,050,000
05/01/26
4
2
1,620

Nearby homes

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Assigned Schools

These are the assigned schools for 308 Pasadena Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about South Pasadena

At least 277 Trulia users voted on each feature.
  • 95 % Say it's dog friendly

  • 91 % Say there are sidewalks

  • 81 % Say it's walkable to restaurants

  • 81 % Say it's walkable to grocery stores

  • 79 % Say people would walk alone at night

  • 77 % Say parking is easy

  • 72 % Say car is needed

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 64 % Say they plan to stay for at least 5 years

  • 64 % Say there's wildlife

  • 64 % Say streets are well-lit

  • 60 % Say yards are well-kept

  • 59 % Say neighbors are friendly

  • 58 % Say it's quiet

  • 40 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nasnixx
    "It’s a great place for dogs. Such a great community. Lots of dogs play at night at Orange grove park "
  • Laura and Carl Flood
    "There is a great farmers market, art crawls and music crawls. It’s a lovely place to live. Walkable, quiet, and very community minded. "
  • katelyn.m.reid
    "Clean and quiet, full of dog lovers. People are quite friendly, convenient location to other areas, and nice dining options"
  • Nasnixx
    "Farmers markets and Halloween. I love the people and the little town with cute coffee shops and thrift stores "
  • Donnaperry1194
    "I grew up here, Lincoln elementary (now Arroyo Vista) SPJHS and then SPHS! It’s a wonderful family neighborhood. Friendly neighbors as well. Only downfall is the expense!"
  • Dbckz5ynf6
    "I’d like to live here because it is safe, clean, friendly, and beautiful. There are nice parks and green spaces, the trees provide a great quality to the neighborhood."
  • Fernando Soto
    "Access to freeways are easy to navigate m, there is some traffic through streets but overall not bad"
  • gkbozzi
    "Like the rest of Los Angeles, South Pasadena isn’t without its traffic issues. The commute to downtown can be up to 45 minutes at times. When there’s no traffic it’s usually about a 15 to 20 minute drive. But the train is pretty consistent coming in at around 2025 minutes"
  • Yvonneballesteros
    "I love So Pas! Such a family friendly neighborhood with good restaurants and open spaces. ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️"
  • Trulia User
    "Nice place,Small town feel, safe, great school system. Walkable.Great community/y with a lot of civic pride. "
  • Tyk9xxryr8
    "It’s a pretty and quiet, “small town feel” but with a lot of strings. Local government is hostile to renters (unless up for reelection), homeowner associations draw a direct line between affordable housing and crime. If you like a homogenous Mayberry with Teslas, it might be your place. "
  • Setmedicmike
    "Ample street parking. No street sweeping days. No homeless. Walkable community. It’s like Mayberry "
  • P862k7jvh2
    "Halloween house and sugarmynt gallery has exhibits and is a great place to watch movies in the back yard. Houses are kept nice and looks like a great place to live."
  • Jasmine Mendez
    "Dog owners would like how clean it is and people are good about picking up after their dog. There are a lot of restaurants with outdoor seating and are dog friendly. "
  • Klararodstrom
    "Great schools, parks, farmers market, walkability, Trader Joe’s, street trees, active caring community, Arroyo hikes, easy wide streets and parking, easy freeway access"
  • Trulia User
    "There is a beautiful park that has many concerts and open air plays, and a huge community of dog lovers. Best neighborhood ever."
  • Trulia User
    "Dog owners would love the amount of grassy, open spaces, dog parks, other dog owners, who walk their dogs around the neighborhood and the cleanliness of the public areas. "
  • Trulia User
    "It is a lovely area. There are many families and lots of dog walking. It’s a beautiful area that’s popular for people to be outside enjoying the sunshine. "
  • Trulia User
    "Our sense of community is really pleasant. There is a big dog community which is nice and a great farmer’s market. Cute restaurants and bars…it’s a good place to be."
  • Trulia User
    "In certain areas of the city, there isn’t always a large amount of green space. Nothing more than a minor inconvenience "
  • Byer.erin
    "Nice neighborhood, kid friendly, green, good schools, walkable. ut wish there were more local businesses to walk to."
  • Byer.erin
    "Neighborhood feels safe, parks are in walking distance, school options are good. In general this city feels like a friendly, well maintained area."
  • Alicia.agan
    "Super easy to hop on the 110. Easy to get to downtown. Southbay takes about an hour. Lots of people also use the train. "
  • Felixlouie
    "There is a very low crime rate and all of our neighbors are super nice and friendly. Definitely a small town feel with so many extra perks. "
  • Hiro3253
    "Very calm safe quiet neighborhood. All kinds of retail stores and restaurants, many different brands of grossly store are all walk by. "
  • Juan R.
    "This area has great schools and very friendly atmosphere to walk with your family. The local businesses are cute and offer a variety of services. "
  • Maya K.
    "Theres a neat dog park in town down Arroyo Seco, everyone is kind and friendly. The entire park includes batting cages, golf, mini golf, tennis courts and even a skate park. Its a neat little place "
  • Paige R.
    "We live in a very dog friendly neighborhood with great sidewalks and green space. Nearly everyone has a dog."
  • Mamasylvia1966
    "Lived here for 16 years, best years of my life...Feel safe. AResl sense of community with a small town vibe."
  • Terry P.
    "Lots of squirrels during the day. Very friendly and clean! Pet’s Delight on Fair Oaks is a great place to buy things for your dog!!"
  • Alex M.
    "I have seen coyotes but nice neighborhood to walk in. Everyone with dogs is pretty friendly and the dogs are friendly."
  • Ning H.
    "Great town, clean and quiet, people are very friendly here, best school! Very green everywhere. Easy walking to everywhere and safe"
  • Sanghwan K.
    "South Pasadena is great city. Very good education grade, safe zone, good neighbor. But, too expensive. "
  • Sharif Shakhshir
    "I used to live here in the early 1990s. Life took me away and now life has taken me back. It's safe, great access to all of LA via train and great schools. "
  • Acwash
    "Excellent School District ⭐️. Very family oriented environment. Very safe and ambulatory/ fire emergency services are very responsive."
  • Kate W.
    "I drive to Burbank for work, easy access to the 134 and takes me between 20-40 mins depending on traffic "
  • Micah215
    "In my opinion it’s the best town in Southern California. It’s clean,family friendly, and beautiful. If you have a family it’s the perfect place to raise your family. "
  • Brad S.
    "Family friendly neighborhood with easy access to shopping, parks and restaurants. Quant environment with small town atmosphere. Love living here."
  • Lawrence G.
    "sporadic I drive a car. sometimes I take the train. sometimes there is traffic sometimes there is not."

LGBTQ Local Legal Protections

Handoko Chen, Growth Investment Group Pasade
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
308 Pasadena Ave, South Pasadena, CA 91030 is a 22 bedroom, 20 bathroom, 9,990 sqft multi-family built in 1953. This property is currently available for sale and was listed by CRMLS on Mar 12, 2026. The MLS # for this home is MLS# AR26054584.