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$2,400,000
31 Days On Site

999 Cordova Street
Pasadena, CA91106

For Sale|Apartment|Active Under Contract
0
Beds
0
Total Baths
4,316
SqFt
$556
/SqFt
1953
Built
Subdivision:
Not Applicable
County:
Los Angeles
Listed by Tzu-ning Chang of Keller Williams Realty [email protected]

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562.846.5359
999 Cordova Street999 Cordova Street999 Cordova Street999 Cordova Street
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Exceptional multifamily investment with ADU/redevelopment opportunity at 999 Cordova Street (aka 153 S. Catalina Avenue) in the City of Pasadena, California. With its rare large lot size of +/-12,171 SF in one of Pasadena's most sought-after neighborhoods at the intersection of Cordova Street and Catalina Avenue, the property presents an extraordinary opportunity to either redevelop ADU units, or redevelopment the entire property to up to 27 multifamily units with its CD-MU-N Zoning and leveraging the State of California's AB 2345 density bonus (Buyer verify). With its phenomenal location, the property is just minutes' walk from the South Lake Avenue commercial district, Old Town Pasadena, the Paseo shopping center, Caltech, Pasadena City College, and the Metro Gold Line. Tenants enjoy walkable access to a vibrant mix of retail, dining, and entertainment options, as well as close proximity to major employers.Therefore, the large +/-12,171 SF lot size may allow 18 units by right (Buyer verify). The investor/developer can benefit from the property's strong current income with rental upside from its existing 8 units.This meticulously maintained and professionally managed property features eight (8) existing 1 Bed / 1 Bath units with ample carport and street parking and attractive mid-century architectural charm. Some units have wood flooring and some have carpet. New electrical subpanels were installed in all eight units in 2025, and new exterior painting in 2023. The onsite laundry room generates additional income.Contact listing agents for Offering Memorandum. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy. Drive-by only, please do not walk on the property or disturb the tenants.

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Listing Snapshot
Price 
$2,400,000
Days On Site 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,316 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2794 Acres
Year Built 
1953
MLS® Number 
P1-22624
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Active Under Contract
a month agoListing first seen on site
General Features
Acres 
0.2794
Carport 
7
Number Of Stories 
2
Parking 
Carport
Parking Spaces 
7
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4316
Stories 
Two
Style 
MidCenturyModern
Water Source 
Public
Zoning 
CD-MU-N
Interior Features
Cooling 
Wall/Window Unit(s)
Fireplace Features 
None
Flooring 
CarpetWood
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Fencing 
None
Lot Features 
Front YardLandscaped
Pool Features 
None
Spa Features 
None
View 
None
Waterview 
None
Community Features
Community Features 
Sidewalks
Financing Terms Available 
Cash
MLS Area 
648 - Pasadena (SE)


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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