343 Howard st, Pasadena, CA 91103
Active
$1,859,000
5%
4 Units
6 Beds
4 Baths
3,408 Area(sq.ft.)
Lot: 8,805 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 1 | No | $ 2,000 | $ 4,000 | $ 4,000 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,160 | $ 2,160 | $ 2,160 |
| Unit 3 | 1 | 2 | 2 | No | $ 2,060 | $ 2,060 | $ 2,060 |
| 4 | 8 | 5 | $ 8,220 | $ 12,220 | $ 12,220 |
| MLS #: | GD25056494IT |
| Days On Market: | 278 |
| Listing Date: | March 11, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 545 |
| Price per unit: | $ 464,750 |
| Year Built: | 1964 |
Property Details
Turnkey Four-Unit Apartment in Prime Pasadena Location. Welcome to 343 W Howard St, a beautifully upgraded four-unit apartment building in one of Pasadena s most desirable neighborhoods. Built in 1964, this well-maintained, single-story property offers an excellent investment opportunity with fully renovated interiors, modern amenities, and strong rental potential. Spanning 3,408 square feet on an 8,802-square-foot lot, the building features four spacious two-bedroom, one-bathroom units, each approximately 850 square feet. Every unit has been fully upgraded, including: New flooring throughout Modern kitchens with shaker cabinets, quartz countertops, and stainless steel appliances Stylish remodeled bathrooms with new vanities and designer tile work In-unit laundry machines (owned by the seller) Updated ceiling lighting & individual water heaters The exterior has also received significant upgrades, including new paint, double-pane windows, copper plumbing in each unit, and a re-lined sewer pipe (buyer to verify). Parking is provided by a detached five-space carport, with one extra space available for rental income. Importantly, no soft-story retrofit is required. Situated less than a mile from Brookside Golf Course and just 1.3 miles from the iconic Rose Bowl Stadium, this property offers easy access to Old Town Pasadena, the Lake Avenue shopping district, The Paseo, museums, theaters, grocery stores, and a variety of top-tier restaurants and cafes. With its prime location, modern renovations, and income-producing potential, 343 W Howard St presents an exceptional investment opportunity in the heart of Pasadena. Located less than a mile from Brookside Golf Course and 1.3 miles from the iconic Rose Bowl Stadium, the property is in close proximity to some of Pasadena s best amenities, including Old Town Pasadena, the Lake Avenue shopping district, The Paseo on Colorado, museums, theaters, grocery stores, and a variety of restaurants and cafes. Exceptional opportunity for investors looking to acquire a fully upgraded, well-located, and income-producing asset in one of Pasadena s most sought-after neighborhoods.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 36,202 |
| Net Operating Income: | $ 62,438 |
| Cap Rate: | 3.3% |
| Gross Rent Multiplier: | 19.75 |
Structure
| Community Features: | Sidewalks, Street Lights, Suburban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR1 |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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