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- Residential Income - Commercial Apartments
- For Sale: $4,700,000
- Residential Income - Fourplex
- For Sale: $3,398,000
- Residential Income - Duplex
- For Sale: $1,900,000
- Residential Income - Duplex
- For Sale: $1,688,000
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South Pasadena Multi-family Property and Duplex Search
South Pasadena is located in the western San Gabriel Valley region of Los Angeles County and is a great place to buy or sell multifamily investment rental properties, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in South Pasadena.
South Pasadena’s population was 25,860 as of 2012. The estimated median household income in 2011 was $78,899 (it was $55,728 in 2000). This is higher than the California median which was $57,287 in 2011.
"Mom and Pop" merchants populate the business district boutiques, galleries, award-winning restaurants, and indie-owned stores of every type, including Fair Oaks Pharmacy & Soda Fountain, Fiore Market Cafe, Gus's BBQ, Kaldi Coffee & Tea, and Mike and Anne's Restaurant and Bar. According to the City's 2009 Comprehensive Annual Financial Report, the top employers in the city are: The Vons Companies (185), South Pasadena Convalescent Hospital (159), Bristol Farms (135), WNC Insurance Services (101), Abbott (78), Trader Joe's (77), Mission Hospice (69), Ralphs (65), Orchard Supply Hardware (63).
The city also enjoys being close to a variety of conveniences. The closest airport is Bob Hope Airport, which services almost 5 million passengers each year, and it is only 18 miles away. The hospitals nearby include Alhambra Hospital Medical Center (3 miles), Garfield Medical Center (5 miles), and Monterey Park Hospital (5 miles). There are also many great universities within 3 or 4 miles, including California Institute of Technology, Pasadena City College, University of Southern California, and California State University-Los Angeles.
There are many attractions in South Pasadena, including the Farmer's Market, which has become a tradition in the historic Mission-West District of South Pasadena on every Thursday from 4pm to 8pm. The original U.S. Route 66 also runs through the city. Of historical relevance is The Fair Oaks Pharmacy and Soda Fountain; also the Rialto Theater in downtown South Pasadena is a unique blend of Spanish Baroque and Egyptian stylings and was built in 1925. It is one of the last remaining single screen cinemas in the country.
All of these features, make South Pasadena a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from: www.ci.south-pasadena.ca.us, city-data.com and wikipedia
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