SOLD! 10-Unit Apartment Building | South Lake District | Pasadena. The Southern California Apartment Group/Shant Sherbetdjian is pleased to announce the successful sale of this exceptionally well-maintained 10-unit multifamily property located just steps from Pasadena’s highly coveted South Lake District—placing residents in the heart of one of the city’s most vibrant and desirable neighborhoods. The property offered investors a rare combination of stable in-place income and strong location-driven rental demand, creating an ideal balance of dependable cash flow and long-term appreciation potential. At the time of sale, the asset featured two vacant units providing immediate upside through leasing at full market rents, allowing the buyer to quickly enhance returns. Additionally, the soft-story retrofit had already been completed, providing long-term structural compliance and peace of mind for future ownership. With its prime location, strong rental fundamentals, and built-in value-add opportunity, this Pasadena multifamily investment attracted strong interest and ultimately resulted in a successful closing.

Transaction Highlights

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Investment Highlights

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