819 Wright Ave, Pasadena, CA 91104
Property image
Property image
FOR SALE
NEW - 13 HRS AGO
0.81 ACRES

$9,680,000

  • 44 Beds
  • 44 Baths
  • 22,784 sqft (on 0.81 acres)

819 Wright Ave, Pasadena, CA 91104

North Central
Est. Mortgage $61,271/mo*
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Home Highlights

Multi-Family
Built in 1971
0.81 acre lot
$425/sqft
38 Open Spaces

Local Information

  • Map ViewExplore the area around 819 Wright Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Rare opportunity to acquire the Wright Avenue Apartments, a 44-unit (43 + 1 non-conforming 2+2) gated multifamily community in Pasadena's desirable Olive Heights / North Central neighborhood. Built in 1971 on an expansive 35,252 SF lot, the property spans approximately 22,784 SF with a functional mix of 33 one-bedroom units, 10 studios, and one non-conforming two-bedroom/two-bath. Residents enjoy controlled-access entry, gated covered parking, on-site laundry, bicycle storage, and a tranquil courtyard featuring a koi pond and tree-shaded seating, while select units feature updated kitchens and interiors. The offering presents extraordinary value-add potential: current rents average $1,486/unit against $2,215 at market a massive 69% upside as units turn to market rents plus an additional path to 59% upside through possible ADU development of the rear parking area into 8 two-bedroom ADUs (buyer to verify). At $220,000 per unit and $425/SF, the property trades at a 5.61% current cap rate with market fundamentals supporting 9.47%. The location is exceptional: Very Walkable (Walk Score 86), a 15-minute walk to the Metro A Line Lake Station, and minutes to Old Pasadena's dining and retail, the Rose Bowl, and South Lake Avenue. Anchored by world-class employers including Caltech, NASA's Jet Propulsion Laboratory, Huntington Hospital, and Kaiser Permanente in a zip code with a $105,958 median household income and $1.6M median home price 819 Wright Avenue offers investors scale, stable in-place income, and one of the deepest rent-growth stories in the Pasadena submarket.
Last check for updates: about 4 hours ago
Listing courtesy of Jacob Plewa DRE # 02041641, (310) 922-6124
REMAX COMMERCIAL & INVESTMENT REALTY, (310) 802-2500
Source: CLAW, MLS#26990875
Also Listed on CRMLS.

Home Details for 819 Wright Ave

Interior Features

Beds & Baths
Number of Bedrooms: 44Number of Bathrooms: 44
Dimensions and Layout
Living Area: 22784 Square Feet
Appliances & Utilities
Appliances: DishwasherDishwasherLaundry: Common Area
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air,Window Unit(s)Has HeatingHeating Fuel: Central
Levels, Entrance, & Accessibility
Stories: 3Levels: Three Or More
Security
Security: Automatic Gate, Card/Code Access, Security Lights, Fire and Smoke Detection System, Gated

Exterior Features

Exterior Home Features
Other Structures: Other
Parking & Garage
Number of Covered Spaces: 12Open Parking Spaces: 38Has a CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 50Parking: Carport,Gated,On Site,Covered
Water & Sewer
Sewer: In Street

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1971
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 5731009069

Price & Status

Price
List Price: $9,680,000Price Per Sqft: $425

Active Status

MLS Status: Active

Location

Direction & Address
City: Pasadena

Agent Information

Listing Agent
Listing ID: 26990875

Building

Building Area
Building Area: 22784 Square Feet

Lot Information

Lot Area: 0.81 acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 26990875

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

North Central
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about North Central

At least 199 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 80 % Say it's dog friendly

  • 78 % Say car is needed

  • 67 % Say there's holiday spirit

  • 66 % Say yards are well-kept

  • 65 % Say it's walkable to grocery stores

  • 62 % Say parking is easy

  • 60 % Say there's wildlife

  • 59 % Say it's walkable to restaurants

  • 58 % Say they plan to stay for at least 5 years

  • 56 % Say streets are well-lit

  • 51 % Say it's quiet

  • 51 % Say kids play outside

  • 46 % Say people would walk alone at night

  • 45 % Say neighbors are friendly

  • 28 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Rosie Pineda
    "Great diversity in this area which is rare in many parts of souther California. Great community events! "
    0
    Flag
  • Barbara Mitchell
    "This is a very dog-friendly neighborhood. Lots of fellow dog-walkers and a nearby park. But also the occasional skunk or coyote, so you always have to be on alert. "
    0
    Flag
  • Barbara Mitchell
    "I’m retired. Does not apply. Altho Pasadena is very centrally located to downtown LA, Glendale and other large places of business. "
    1
    Flag
  • Larstrella62
    "I have lived here over 36 years and seen it get better, with more business, it’s safer to walk around "
    0
    Flag
  • danielslattery
    "We have happy hours. Potlucks. Street parties and more. Progressive dinner parties. Community yards sales"
    0
    Flag
  • Benjaminramos323
    "We like to see other friendly dog owners getting along with other dog owners. Like how they pick up after their mess. And be respectful and kind with each other. "
    1
    Flag
  • Barbara Mitchell
    "There are some areas that are less safe than others…ask your old-time neighbors. (For example, don’t walk in these streets alone or at night)."
    1
    Flag
  • Trulia User
    "Our street is pretty busy but wouldn’t live anywhere else, been her 42 years and have not had any issues. "
    2
    Flag
  • John D.
    "We live on Glen Ave which is a quiet street with really good neighbors all around. It's much more attractive and well kept than South of Washington or immediately North of Woodbury, although North of Woodbury has been gentrifying extremely rapidly especially since Covid started. There are quite a few churches and a Buddhist temple. This area is very convenient with really awesome supermarkets like Super King and Vallarta that have much better produce options than Vons or Pavilions, which are also nearby. It's extremely quick to get to Trader Joe's as well. You can easily access outdoor and water activities at the Rose Bowl, the arroyo, or Descanso Gardens and there is a 24 hour fitness at Woodbury & Lincoln if you want to stay indoors. The kids from the high school walk home through the neighborhood but they generally behave themselves and it hasn't been a problem. Street parking is easy but guests parking overnight in Pasadena need a $5 permit that you get from a kiosk at the fire station on Fair Oaks."
    3
    Flag
  • Shakiyla A. D.
    "Some people like to speed on the street. So it’s good to just keep a safe distance when crossing the street"
    3
    Flag
  • Hfrasert
    "North lake sees a lot of transients and drug activity. i live right offnofnLake, I hear sirens a lot, and ive had my maik tampered with muktiole times. "
    8
    Flag
  • Vmhdesign
    "There are Beautiful craftsman, bungalows and Victorian homes on every block. On Saturday there is a farmers market at the local high school. "
    11
    Flag
  • Lorraine F.
    "Well I live in upper Altadena, but i used to live down on w mountain and I liked it there. I mean other than the “landlord” there (she’s long gone btw) , and there was the occasional parties that personally didn’t bug me but I know how it can be. But anyway Altadena is really cool and mostly quiet. And ever now and then you’ll see a couple of horseback riders which I love and I’d say that sorta unique."
    16
    Flag
  • Imani T.
    "Public transportation is good. Neighbors are nice. Neighborhood is safe. Neighbors are like family. Very nice."
    0
    Flag
  • T D
    "Lots of speeding traffic on bigger streets, pedestrians should be careful. Otherwise very safe neighborhood."
    2
    Flag
  • AP
    "It is relatively close to Old Pasadena and it has a sense of small community. There's shops and salons within walking distance."
    5
    Flag
  • Ariana P.
    "Most dogs are enclosed so it's a good place to walk your dogs around the block. Also, there is always people so your dog would get used to being around people. "
    2
    Flag
  • liz
    "While it is nice. It is surrounded by very sketchy areas with high crime. This home stands out as is one of the nicest homes."
    31
    Flag
  • Hartemployment
    "it's one of only a few city blocks that has it's electricity lines underground. so we don't experience interference from fallen tree branches when there's wind."
    5
    Flag
  • David M.
    "Very quite, relaxing, mesmerizing, walkable place to live. It is a peaceful neighborhood to live for you and your family."
    2
    Flag

Market trends in Pasadena

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.19M
$9.67KMoM
Sale-to-List Price
100.8%
1.2%MoM
Price per sq ft
$779
$27MoM
Available listings
367
22MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
820 N Raymond Ave, Pasadena, CA
0.75
Multi-Family Home
$12,900,000
01/22/26
50
50
36,228
485 E Washington Blvd, Pasadena, CA
0.71
Multi-Family Home
$4,675,000
12/23/25
25
24
13,859
570 N Madison Ave, Pasadena, CA
0.33
Multi-Family Home
$2,650,000
09/02/26
20
9
7,222
215 S Madison Ave, Pasadena, CA
1.25
Multi-Family Home
$10,250,000
06/30/26
41
42
34,815
144 N Michigan Ave, Pasadena, CA
0.99
Multi-Family Home
$4,300,000
06/10/26
33
19
19,994
275 S Marengo Ave, Pasadena, CA
1.45
Multi-Family Home
$8,750,000
10/03/25
46
39
29,930
195 S Wilson Ave, Pasadena, CA
1.28
Multi-Family Home
$11,000,000
09/01/26
52
52
36,983
696 Earlham St #6, Pasadena, CA
0.25
Multi-Family Home
$1,800,000
11/06/25
12
12
5,640
423 N Garfield Ave, Pasadena, CA
0.71
Multi-Family Home
$2,850,000
05/08/26
16
12
9,272
1157-1165 N Lake Ave, Pasadena, CA
0.43
Multi-Family Home
$2,275,000
08/26/26
8
4
4,608

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
805 Merrett Dr, Pasadena, CA 91104
0.11
$999,999
3
3
1,493
For Sale
790 N El Molino Ave, Pasadena, CA 91104
0.07
$1,950,000
6
6
3,544
For Sale
750 N El Molino Ave, Pasadena, CA 91104
0.10
$1,549,000
4
3
1,585
Off Market
687 E Orange Grove Blvd, Pasadena, CA 91104
0.12
$770,700
3
2
1,088
Off Market
850 Mountain Pl, Pasadena, CA 91104
0.14
$756,600
2
1
850
Off Market
762 E Orange Grove Blvd #5, Pasadena, CA 91104
0.18
$625,000
2
2
984
Recently Sold
917 N El Molino Ave, Pasadena, CA 91104
0.16
$1,511,900
4
2
2,080
Off Market
968 Palm Ter, Pasadena, CA 91104
0.18
$2,493,075
4
4
2,301
Recently Sold
967 Palm Ter, Pasadena, CA 91104
0.18
$2,785,800
4
3
2,822
Off Market
814 N Madison Ave, Pasadena, CA 91104
0.18
$1,205,000
4
3
1,850
Recently Sold
991 Palm Ter, Pasadena, CA 91104
0.21
$1,457,200
3
2
1,436
Off Market

Price and Tax history

DateEventPrice
Sep 21, 2026
Source: CLAW #26990875
Listed For Sale
$9,680,000

LGBTQ Local Legal Protections

Jacob Plewa, REMAX COMMERCIAL & INVESTMENT REALTY, (310) 802-2500
Agent Phone: (310) 922-6124
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-09-21 20:50:23 PDT. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Some IDX listings have been excluded from this website.

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Frequently asked questions about 819 Wright Ave

  • What is the estimated monthly payment for 819 Wright Ave?
    Based on a $9,680,000 list price with 20% down at today's rates, the estimated monthly payment for 819 Wright Ave in Pasadena, CA is approximately $61,782 (about $52,188 principal & interest, $9,519 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 819 Wright Ave compare to homes in Pasadena?
    819 Wright Ave in Pasadena, CA is listed at $9,680,000, about 712% above the $1.19M median sale price in Pasadena.
  • What do residents say about the North Central neighborhood?
    Residents describe the North Central neighborhood in Pasadena, CA as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in North Central, Pasadena.
  • What are the closest schools to 819 Wright Ave?
    The closest schools to 819 Wright Ave in Pasadena, CA are John Muir High School (rated 4/10), Madison Elementary School (rated 2/10), Octavia E. Butler Magnet School (Middle, rated 4/10).
  • Does 819 Wright Ave have air conditioning?
    Yes, 819 Wright Ave in Pasadena, CA has air conditioning.
  • Does 819 Wright Ave have laundry facilities?
    Yes, 819 Wright Ave in Pasadena, CA has laundry facilities.
819 Wright Ave, Pasadena, CA 91104 is a 44 bedroom, 44 bathroom, 22,784 sqft multi-family built in 1971. 819 Wright Ave is located in North Central, Pasadena. This property is currently available for sale and was listed by CLAW on Sep 21, 2026. The MLS # for this home is MLS# 26990875.