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999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
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999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
999 Cordova Street
Active Under Contract

999 Cordova Street

999 Cordova Street, Pasadena, CA 91106

$2,400,000
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.

Studio

4,316 Sq.Ft. LIVING AREA

0.28 Acres lot

Annie Deng

Annie Deng

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room Common Area
  • Flooring Carpet, Wood
  • Fireplace None

Area & Lot

  • Status Active Under Contract
  • Living Area4,316 Sq.Ft.
  • Lot Area0.28 Acres
  • MLS® IDP1-22624
  • TypeCondo
  • YEAR BUILT1953
  • NeighborhoodPasadena and San Marino - do not delete
  • Architecture StylesMid-Century Modern
  • View DescriptionNone

Exterior

  • STORIES2
  • water SourcePublic
  • PoolNone
  • lot featuresFront Yard, Landscaped, Sprinklers None, Value In Land, Yard
  • parkingCarport
  • HEAT TYPEWall Furnace
  • AIR CONDITIONINGWall/Window Unit(s)
  • sewerPublic Sewer

Financial

  • Sales Price$2,400,000
  • Maintenance Fee $5,661/mo
  • Zoning CD-MU-N
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Schedule a Showing

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Thank you for your interest in 999 Cordova Street, Pasadena, CA 91106. We are reviewing your request and will be in touch shortly!

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Pasadena and San Marino - do not delete

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