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  • 622 Prospect

622 Prospect, South Pasadena, CA 91030

$2,798,000 Approx. USD 0 beds, 0 baths
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Photo of Jonathan Martinez

Jonathan Martinez REALTOR® - Sales Associate 323-474-8650 m
626-440-5100 o
Lic#: 02214903
NRDS ID: 190015073
JonathanMartinez@bhhscal.com Text Me
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Lic#: 02214903
NRDS ID: 190015073
JonathanMartinez@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120
 Pasadena 540 South Lake Ave
Pasadena, CA 91101
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Fax: 626-568-8120
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Listing Agent


Fred Ashkar | Fred@FredAshkar.com
Lic#: 00925837
Broker: Courtesy of Re/Max Premier Prop Arcadia
Phone: 626-229-2200

Co Listing Agent


John Ashkar | john@ashkarrealestate.com
Lic#: 01807861
Broker: Courtesy of Re/Max Premier Prop Arcadia

Agent Remarks

Rare opportunity to own a fully occupied, character-rich 4-unit income property in one of the San Gabriel Valley's most coveted neighborhoods. Set on a generous 10,002 SF lot in walkable South Pasadena, this two-building property combines the timeless charm of a 1907 Craftsman front house with the income efficiency of a modern 1988 rear building — a combination rarely found at this price point. The front house (3BR/2BA) is the crown jewel: a beautifully maintained Craftsman bungalow showcasing original hardwood floors, a stone fireplace, updated kitchen with stainless appliances, and tastefully renovated bathrooms featuring subway tile, floating vanities, and designer fixtures. A covered front porch and exceptional curb appeal make it equally ideal for an owner-user or a premium rental commanding top-of-market rents. The rear building adds three income-producing units — two 2BR/2BA and one 1BR/1BA — each with assigned carport parking and separately metered utilities. Currently 100% occupied generating $131,700 in annual gross income, with estimated market rents of $156,000/year representing an 18.5% upside as leases roll to market — a compelling value-add story for investors. Pro-forma cap rate of approximately 4.5% at the asking price. The generous lot and long driveway also invite exploration of ADU development potential (buyer to verify). Located within the award-winning South Pasadena Unified School District, minutes to the Gold Line Metro, Fair Oaks shops and dining, and Downtown Los Angeles. A rare find for 1031 exchange buyers, value-add investors, and owner-users alike — don't miss this exceptional South Pasadena offering.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# AR26143552
Price: $2,798,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1907
2 stories
0.23 acres
Lot size: 0.2296
County: Los Angeles
Property style: Craftsman
Zoning: R3
Parking description: Carport
Heating description: Forced Air
MLS area: 658 - So. Pasadena

Last Updated: 7/9/2026

 Days On Market (DOM): 23

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This listing belongs to the 658 - So. Pasadena MLS area

The style of this listing is Craftsman.
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Lat/Long: 34.118050, -118.158084.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jonathan Martinez

Jonathan Martinez REALTOR® - Sales Associate 323-474-8650 m
626-440-5100 o
Lic#: 02214903
NRDS ID: 190015073
JonathanMartinez@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 02214903
NRDS ID: 190015073
JonathanMartinez@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
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