999 Cordova Street

Pasadena, CA 91106

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,316 Sqft
  • 12171
    Sqft(Lot)
$2,400,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    50106088

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None
    • Flooring: Carpet,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1953
    • Building Area Total: 4,316

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2794
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12171

  • Listing Price Information

    • Original List Price: 2,400,000
    • Listing Contract Date: 2025-05-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5735027033

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 648 - Pasadena (SE)
    • Directions: Cordova St and Catalina Ave, 2 blocks east of S. Lake Ave.
    • Zoning: CD-MU-N
    • Source Property Type: Residential Income
    • Area: 648 - Pasadena (SE)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 72
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 06/09/2025 @ 06:21

  • MLS: P1-22624
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,316 sqft, 12,171 sized lot, and 0 parking. are nearby neighborhoods.