South Pasadena Apartment Building Sales
Explore 3 closed multifamily transactions totaling $6.65M in South Pasadena. Data from the LAAA Team at Marcus & Millichap.
3
Transactions
$6.65M
Total Volume
3.54%
Avg Cap Rate
$297,091
Avg $/Unit
9
Avg Units
2013
Since
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, average cap rate is 3.54% at $297K per unit across 28 units. NOT subject to LA RSO — AB 1482 applies.
Market Metrics
Total Deals
3
Total Volume
$6.65M
Avg Cap Rate
3.54%
Cap Rate Range
3.42% - 3.66%
Avg $/Unit
$297,091
$/Unit Range
$152,941 - $380,000
Avg Units/Deal
9
Deal Types
Apartments: 3
Market Snapshot
Source: CoStar | Pasadena Multifamily | 2026 Q1Rents by Unit Type
Supply & Demand
Investment Activity (Trailing 12 Mo)
LAAA Team Closings in South Pasadena
3transactions by Glen Scher, Filip Niculete & the LAAA Team
181 Monterey Rd
South Pasadena • 2021
$2.60MUnits
17$/Unit
$152,941
332 Pasadena Ave
South Pasadena • 2019
$1.90MUnits
5Cap
3.42%$/Unit
$380,000
603 Mound Ave
South Pasadena • 2019
$2.15MUnits
6Cap
3.66%$/Unit
$358,333
Source: LAAA Team Closed Transactions
South Pasadena Multifamily Investment FAQs
What's Your Apartment Building Worth?
Get a complimentary Broker Opinion of Value from the LAAA Team.