South Pasadena Apartment Building Sales
Explore 3 closed transactions totaling $6.65M in South Pasadena. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$6.65M
Total Volume
3.54%
Avg Cap Rate
$369,167
Avg $/Unit
6
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 2 of these 3 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
South Pasadena Multifamily Market Overview
South Pasadena is a small independent city known for top-rated schools and Mission Street charm. Across 3 transactions totaling $6.7M, the 2 apartment sales average a 3.54% cap rate at $369,000 per unit across 11 units. NOT subject to LA RSO, AB 1482 applies.
Market Snapshot
Source: CoStar | Pasadena Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
South Pasadena Market Area
LAAA Team Closings in South Pasadena
3 transactions by Glen Scher, Filip Niculete & the LAAA Team
181 Monterey Rd
South Pasadena • 2021
$2,600,000
332 Pasadena Ave
South Pasadena • 2019
$1,900,000Units
5Cap
3.42%$/Unit
$380,000
603 Mound Ave
South Pasadena • 2019
$2,150,000Units
6Cap
3.66%$/Unit
$358,333
Source: LAAA Team Closed Transactions
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