720 Santa Barbara St 720 Santa Barbara St Immeuble residentiel 11 lots 2 215 850 € (201 441 €/Lot) Taux de capitalisation 3,37 % Pasadena, CA 91101

Welcome to 720 Santa Barbara Street, a rare and charming multifamily offering nestled in the heart of Pasadena's desirable Olive Heights neighborhood. This unique property is comprised of four distinct residential structures spanning nearly a century of architectural history—from the early 20th century through the post-war era—offering a blend of classic Southern California charm and stable income potential. MASSIVE DOUBLE LOT, ALMOST HALF AN ACRE.
• Two well-maintained 1950s fourplexes, each consisting of four 1-bedroom, 1-bath units with thoughtful layouts and vintage appeal.
• A standalone 2-bedroom, 2-bathroom single-family home, built in 1938, exudes character with its original details and spacious floor plan—perfect for an owner-user or premium rental.
• A duplex dating back to 1918, offering timeless craftsmanship and an opportunity for modernization or preservation.
Set on a spacious lot with mature trees, ample parking, and excellent street frontage, this income-generating property presents significant upside through cosmetic updates or strategic redevelopment. Many of the units retain their original charm, while offering tenants the comforts of quiet, garden-style living.
Location Highlights:
Situated on a peaceful, tree-lined street just south of Orange Grove Blvd, the property is surrounded by beautifully maintained single-family homes and boutique multifamily residences. Residents enjoy walkable access to local favorites like Millie’s Café, Roma Market, and Lavender & Honey Espresso Bar. The property is also just minutes from Old Town Pasadena, The Rose Bowl, and Caltech, with convenient access to the 210 Freeway for easy commuting across the Los Angeles metro area.
This is an exceptional opportunity for investors seeking a stable, value-add asset in one of Pasadena’s most historic and well-regarded neighborhoods. Whether you're looking to hold for cash flow, renovate for upside, or convert to a higher-end multifamily offering, 720 Santa Barbara Street delivers the foundation for long-term success.