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)
22 Beds
20 Baths
9,990 sqft
(on 0.48 acres)
Local Information
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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.
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
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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) |
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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 |
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Cumulative Days on Market: 82Days on Market: 87 |
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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 |
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Price List Price: $6,280,000Price Per Sqft: $629 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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Direction & Address City: South Pasadena |
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Listing Agent Listing ID: AR26054584 |
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Building Area Building Area: 9990 Square Feet |
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Community Features: Suburban, Valley, PoolNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 0.48 acres |
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Special Conditions: Standard |
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Contingencies: noneListing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: Electricity, Gas |
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No Rent Control |
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Mls Number: AR26054584Living Area Range Units: Square FeetAttribution Contact: han.chen@growthinvestmentgroup.comCommon Interest: Community ApartmentUniversal Property Id: US-06037-N-5313011004-R-N |
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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
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
39 9MoM
Price History for 308 Pasadena Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/24/2026 | $6,280,000 | PriceChange | CRMLS #AR26054584 |
| 03/25/2026 | $6,580,000 | PriceChange | CRMLS #AR26054584 |
| 03/12/2026 | $6,800,000 | Listed For Sale | CRMLS #AR26054584 |
| 04/10/2020 | $4,550,000 | Sold | Pasadena Foothills MLS #819005049 |
| 03/13/2020 | $4,250,000 | Pending | Agent Provided |
| 03/13/2020 | $4,250,000 | Listed For Sale | Agent Provided |
| 03/03/2020 | $77,000 | Sold | N/A |
| 10/13/2009 | $1,039 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| 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
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 308 Pasadena Ave.
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.
LGBTQ Local Legal Protections
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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
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.

